Taking note of various initiatives in India such as Green Hydrogen policy, National Biofuel Policy etc., the discussion aims to identify the alternate fuels that can be made available for shipping sector in India, including its timelines, quantity and cost. While addressing the domestic maritime sector, it will also consider the need for the foreign going fleet, to develop India as a potential Bunker hub for green fuels.
Taking note of the availability of various alternative fuels and developments in shipping, the discussion in the Conclave will focus to assess various technologies available for various types of ships including on the domestic front, such as tugs, passenger ships on short run, barges, offshore vessels etc. This may also include the cost for such fitments for various ship type and sizes.
The Conclave will focus on shipyards those can not only construct green ships but also fit the alternate technologies on existing ships in a time bound and cost effective manner to facilitate ‘Make in India’ along with minimizing the cost of such transitions.
Deliberations and thought processes of experts and delegates from the sessions will be objectively captured, suitably compiled and presented as comprehensive report before the policy makers, ship owners and stakeholders from the maritime sector, with an objective to arrive at a draft policy framework for Green Shipping in India.
DNV in collaboration with DG Shipping and under the auspices of Royal Norwegian Government is undertaking a detailed study for a transitional pathway to decarbonise Indian coastal shipping. A white paper on ‘Indian Green Coastal Shipping’ based on the above study will also be presented in the Conclave.
Climate change is a global issue to be addressed through global initiatives and international collaborations. Hence, technology sharing and capacity building in international scenarios are going to be the key to successful green shipping, while ensuring that such transitions remain just and equitabIe, so that no one is left behind in the journey.
During the Conclave, diplomats and other international experts will deliberate on the global initiatives of international cooperation in Green Shipping.
The Conclave will focus on sea ports that play an increasingly important role in the transition of maritime sector to net zero through services such as JIT, Shore Power Supply and improving operational efficiencies. Further, it will also require developing necessary infrastructure for various types of fuels for shipping as is seen that different types of alternative fuel may occupy space left by fossil fuels.
Global initiatives such as First Mover Coalition &Green Corridors will further enhance the roles of Ports in decarbonization of global supply chains in a competitive manner.
Indian shipping while moving towards a new green world, would require considerable additional investments both in capital and operational areas. Hence, the financial aspects — investment needs and sources for funding will be the key to the success of any green shipping initiatives.
Financial and domain experts would deliberate on various green finance concepts both in Indian as well as international scenarios endeavouring to identify suitable financials models for green shipping in India.
Success of any green initiative in shipping finally remains with the commitment from the ship owners and managers who translate the policies and regulatory frameworks for decarbonisation into successful and sustainable green models on their ships.
Chief Executives from various Indian as well as foreign shipping companies (owners/managers) would sit together and share their thought processes on the challenges and prospects envisaged in this ambitious journey to green shipping.
Green Shipping models not only require regulatory interventions but also timely policy initiatives.
Senior officials from related ministries and other government agencies would deliberate on the reports and thought processes from various sessions of the Conclave, including the pathway for a policy framework for green shipping in India.
Objective of the conclave
To help devise India’s stand on following:
- Decarbonisation target for Indian domestic shipping.
- Identify suitable fuel and technologies for various types of domestic ships.
- Explore the possibilities for India to become an international Bunker hub for green marine fuels.
- Construction of green ships in India and development and fitment of alternative fuel technologies on existing Indian ships.
- Policies for transition of domestic shipping to green including incentives, financial solutions etc.
- Green ports through JIT, Shore power, and Green Bunkering infrastructure and Green corridors.
- India’s positions at IMO on Decarbonisation, including on issues related to MBM, GHG ambition, intermediate reduction targets etc.