Join Zero Emission Maritime Buyers Alliance

In the coZEV 2040 Ambition Statement, climate-leading cargo owners set an ambition to only use ZE shipping by 2040. Among the challenges to transitioning the maritime sector to ZE shipping, actors across the value chain are concerned about the risk involved in investing in new fuels and technologies, unsure if end customers (cargo owners) will support new ZE service offerings.

Cargo owners can help build confidence among maritime stakeholders by addressing the need for sufficient committed demand to kickstart the transition and help anchor the business case for a new ZE shipping value chain. That being said, cargo owners cannot be expected to bear the cost of this transition alone, and need a purpose built mechanism to enable sharing of risk and cost across the value chain. This mechanism should not only combine enough committed ZE demand from cargo owners to build supplier confidence in investment, it should also foster competition among suppliers to encourage economic viability, and give confidence to policy makers to support a budding ZE market.

To meet this need, coZEV is establishing a new, first-of-its-kind buyers group within the maritime sector, the Zero Emission Maritime Buyers Alliance (ZEMBA). The aim of ZEMBA is to accelerate commercial deployment of zero-emission shipping, enable economies of scale, and maximize cargo owners’ collaborative emissions reduction potential beyond what any one freight buyer could accomplish alone. ZEMBA will accomplish these goals by stimulating investment in ZE solutions.