Indonesia is the world’s largest collection of islands and is focusing on energy transition as one of three priority areas for its presidency of the G20, ahead of it hosting the upcoming G20 summit in mid-November.
Against this background, the IMO co-organised and co-sponsored a conference in Bali last week, in collaboration with the Governments of Indonesia and Denmark. It focused on the necessity of the decarbonisation of the shipping sector and explored opportunities for Indonesia and members of the G20 to take leadership in advancing this important agenda.
Through a programme of high-level in-person panels, exhibitions and a guided workshop, key decision-makers and senior advisers from Indonesia and other countries, leading business representatives from the maritime value-chain, from ship owners and operators to cargo owners, ports, energy producers and financial institutions, academia and civil society, were apprised of the need to decarbonise shipping. They were also informed of the opportunities it creates, including an understanding of the decarbonisation pathways and the fuels and technologies that can be deployed.
The conference builds upon some of the opportunities in ensuring a ‘just and equitable’ transition of international shipping as presented during IMO’s 2nd Alternative Fuel Symposium which took place on 21 October.
Discussions will continue during IMO’s side-event at COP 27 on 10 November. Organised together with the World Bank, UNCTAD and IRENA, it will further explore opportunities for developing countries in renewable energy production for shipping.