Decarbonization in the maritime industry continues to advance with the aim of improving care for the environment and, in turn, increasing productivity in the current logistics sector, which is already benefiting from the latest movements in environmental policies and methodologies. Knowing that we only have a single habitable planet, the Inter-American Development Bank (IDB) and the Caribbean Maritime Association have initiated a strategic collaboration plan to reduce polluting emissions from shipping companies by eliminating coal.
This mutual agreement was celebrated, during a meeting between the two giants, by Richard Martinez, IDB Vice President for Countries, Marc Sampson, President of the CSA and Milaika Capella Ras, General Manager of the CSA.
A decarbonization that is committed to sustainable development
The momentum, or acceleration of decarbonization in the shipping industry also aims to develop greater economic growth in regions that wish to place their logistics businesses in high priority through technologies and operational changes that really guarantee the preservation of the environment with a minimum generation of polluting gases into the atmosphere. According to those responsible for this important agreement, certain aspects of the current industry need greater support in issues such as the efficiency with which various maritime operations are carried out and the rest of the services offered in ports when it comes to obtaining good levels of precision with foreign trade.
Among the details revealed, it is known that this agreement will last approximately 3 years and will consist of carrying out studies on decarbonization in the shipping industry in addition to offering all the necessary support in terms of the operational and technical points that make the transition of these companies towards the use of environmentally friendly energies more bearable. At this same point, it should be noted that a series of commercial regulations are already contemplated in order to achieve better results during the next 3 years of validity in this agreement.
High expectations from Senior Executives
The 3-year agreement for decarbonization comes with high expectations from the top executives, taking into account the words of Richard Martinez, who commented: “This partnership is an essential step in our mission to support the economic development of the region. As we know, the Caribbean relies heavily on shipping for trade. This partnership will create opportunities to improve trade, which is critical for economic growth.”
Marc Sampson’s comments were also not lacking during the celebration of this agreement, stating that: “Today’s enactment of our partnership will help advance our efforts to protect the region’s environment and accelerate our progress to adopt better technologies, procedures, and energy alternatives. This agreement is not only necessary for the environment, but also for economic growth and international cooperation.”
These words make more than evident the importance of decarbonization to make the logistics sector friendlier to our planet Earth.