A group of nine major companies including Amazon,
The initiative known as Cargo Owners for Zero Emissions Vessels, or coZEV, was organized by the nonprofit
"By setting this target and signaling our dedication to decarbonize this part of our supply chains, we hope to inspire a surge in investment by ocean freight carriers and producers of zero-carbon shipping fuels," the companies said in a joint announcement.
The companies said they will work to track their maritime transportation emissions, seek opportunities to expand the group of cargo owners engaged in maritime decarbonization and unify their collective freight demand to help accelerate the transition.
They also called for lawmakers to act in their "domestic, regional and international capacities" to align the shipping industry with the goals of the
Environmental groups praised the companies for committing to zero-carbon shipping but said the 2040 goal date was not soon enough.
"We're asking Big Retail to be first movers in shipping's clean energy transition -- not just float along -- which means a 2040 target date is not sufficient,"
Rose also noted that several big-name retailers were absent from the agreement.
"We're shocked to see that Walmart, the single-largest maritime importer to
Tuesday's announcement comes amid an increased focus on the supply chain, which is beset by increased congestion and shortages due to the COVID-19 pandemic.
President
Copyright 2021 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source