After three-day event aboard Royal Caribbean
Group's soon-to-sail Utopia of the Seas, leaders coalesced on three
key suggestions to advance sustainable and scalable decarbonization
solutions
CAPE
CANAVERAL, Fla., July 15,
2024 /PRNewswire/ -- Driven by a collective objective
to help further the maritime and cruise industry's decarbonization
goals, more than 70 maritime leaders met earlier this week at a
Decarbonization Summit hosted by Royal Caribbean Group (NYSE: RCL)
in collaboration with the Mærsk Mc-Kinney Møller Center for Zero
Carbon Shipping.
Cutting across the maritime ecosystem from technology developers
and fuel providers to shipbuilders, ship operators and ports, the
Summit's conversations focused on three key areas including
technology development, alternative fuel opportunities and policy
and regulation.
"Achieving net zero is not something any one company can do
alone – it requires collective problem solving, creative thinking,
and a willingness to have tough conversations," said Jason Liberty, president and CEO, Royal
Caribbean Group. "This week we have put steps in place to catalyze
an open dialogue that will foster the thinking necessary to develop
an environment where net zero is attainable and
sustainable."
The Summit concluded with three key advancement areas to help
the industry usher in a new era of collaboration to achieve net
zero in the next 25 years. They are:
- Technology: Discussions zeroed in on the creation of an
independent network or platform to enable the maritime industry to
share important findings regarding pilot and testing programs.
- Fuel: Participants called for the formation of an independent
third party-hosted platform to aggregate low carbon fuel demand by
location. The aggregator would provide insights that would enable
the industry to better prepare for the supply of alternative
fuels.
Participants also explored supply and infrastructure that allows
for readily accessible and available alternative fuels.
During the Summit, leaders also considered various collaboration
models to accelerate the maritime transition to low-carbon
alternative fuel. Part of the discussion explored supply and demand
alignment along with timing and the geographic location of future
fuel demand. Equally as important as identifying alternative
low-carbon fuels is having infrastructure that allows for readily
accessible and available alternative fuels.
- Policy: Summit participants agreed that a set of
principles that outlines critical policy actions needed to support
the industry's shared goal for decarbonization should
be developed to inform progress for the International Maritime
Organization (IMO).
"The shipping industry is in a critically important phase where
the pathway to a sustainable future is now being shaped by concrete
plans and actions. The cruise industry faces its own needs and
opportunities on the road to decarbonization but also holds a lot
of valuable insights that can benefit of the rest of the maritime
industry," shared Bo Cerup-Simonsen, CEO, Mærsk Mc-Kinney Møller
Center for Zero Carbon Shipping. "With this event Royal
Caribbean Group demonstrates exemplary first mover leadership by
taking responsibility beyond their own agenda, fostering important
in-depth discussions, collaboration, knowledge sharing and action
across the ecosystem to further strengthen the acceleration towards
a decarbonized maritime industry."
For more information about the Decarbonization Summit, please
visit https://www.royalcaribbeangroup.com/decarbonizationsummit
About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is a vacation industry leader
with a global fleet of 66 ships across its five brands traveling to
approximately 1,000 destinations. With a mission to deliver the
best vacations responsibly, Royal Caribbean Group serves millions
of guests each year through its portfolio of best-in-class brands,
including Royal Caribbean International, Celebrity Cruises, and
Silversea; and expanding portfolio of land-based vacation
experiences through Perfect Day at CocoCay and Royal Beach Club
collection. The company also owns 50% of a joint venture that
operates TUI Cruises and Hapag-Lloyd Cruises. With a rich history
of innovating, Royal Caribbean Group continually delivers exciting
new products and guest experiences that help shape the future of
leisure travel. Learn more
at www.royalcaribbeangroup.com or www.rclinvestor.com.
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SOURCE Royal Caribbean Group