CMA CGM becomes carbon neutral by 2050
CMA CGM, the world’s third-largest shipping line, has reduced its CO2 emissions per container-kilometre by 49 per cent since 2008. Now, the French company is moving towards another strategic goal – to become carbon-neutral by 2050.
Rodolphe Saadé, CEO of the CMA CGM Group, has confirmed the company’s commitment to protecting the environment and advancing the shipping industry’s energy transition. This was declared during the Leaders Summit on Climate initiated by U.S. President Joe Biden. According to Rodolphe Saadé, the French shipping line has already set a strategic environmental goal that is to become climate neutral by 2050. This target goes beyond the plans of the International Maritime Organisation (IMO), which advocates the halving of the industry’s CO2 emissions by 2050.
CMA CGM succeeded in cutting CO2 emissions: by 6 per cent in 2019 and by 4 per cent in 2020. Since 2008, the Group has reduced CO2 emissions per container-kilometre by 49 per cent. Moreover, CMA CGM has committed to increasing the share of alternative fuels up to at least 10 per cent of its consumption by 2023.
Inter alia, this will be achieved by introducing LNG-powered container ships to its fleet. In 2017 the French shipping line ordered nine 23,000-TEU vessels powered of this type. The CMA CGM first LNG-powered container ship named after its founder Jacques Saadé performed a maiden voyage in autumn 2020. By 2022, the number of LNG-powered vessels in the company’s fleet will increase up to 32 units.