coZEV 2040 Ambition Statement

The coZEV 2040 Ambition Statement (initially released in October 2021) was the first ever collective signal of cargo owner support for transitioning to ZE solutions on a 1.5℃ aligned trajectory, specifically stating that signatory companies intend to only use ZE ocean transport by 2040. With 19 current signatories and more expected, it is also the most widely adopted 1.5℃ aligned private sector maritime decarbonization commitment to date. The statement also includes the first call for policy action by a group of cargo owners, acknowledging that decarbonization of this sector requires strong public and private sector action at multiple levels.