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COP27: Daily snapshot 14/11


  • Maritime sector and green hydrogen leaders set sights on zero emissions global shipping by 2050
  • Action on Water Adaptation and Resilience initiative formally unveiled on Water Day
  • COP27 shows some progress despite concerns around negotiation delays

Ten leading shipping organisations sign ‘Joint Statement on Green Hydrogen and Green Shipping’

The statement shows commitment to the rapid production and use of low-carbon fuels based on green hydrogen, this decade, to achieve full decarbonisation of global shipping by 2050.

“We are living in a climate emergency, and we need to rapidly accelerate the global availability of green fuels,” said Henriette H. Thygesen, CEO of Fleet and Strategic Brands at A.P. Moller – Maersk.

Though the sector accounts for 3% of global greenhouse gas emissions currently it could grow to 50% by 2050 without intervention, reports UNFCCC news.

Egypt presents water adaptation and resilience initiative on Water Day

The Action on water adaptation and resilience (AWARe) initiative was officially launched today by the Egyptian Presidency to address water and food security as well as the climate crisis.

The initiative seeks to ‘catalyse inclusive cooperation’ to address water as key to climate change adaptation, resilience and their shared co-benefits. This is an especially important topic for the host nation which is one of the world’s most arid countries. Read more about AWARe and Egyptian President El-Sisi’s recent remarks in EgyptToday.

Euronews lists some of the COP27 successes so far

Negotiations are under increasing scrutiny as COP27 enters its second week with little in the way of significant progress. However, there have been some positive outcomes, writes Euronews.

The article outlines several developments, including the inclusion of the first official Children and Youth Pavilion and the launch of a new “Global Shield” insurance system against climate disaster. Germany is listed as the largest contributor to the $200m fund.

We’ll be sharing updates for investors throughout this year’s conference of the parties – follow us on LinkedIn or Twitter for all the updates.

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