Decarbonizing Maritime Transport
Our approach to climate change
To limit global warming, the world needs to rapidly
reduce annual emissions
We are committed to being an environmental steward and have aligned our strategy
to the world's goal of combating climate change, as established through the 2015
Paris Climate Agreement
Global CO2 emissions, Gt CO2/ year
80
•
Governments have set targets for the 1.5-2°C pathway
EU Green Deal to cut emissions by 55% in 2030
and reach net zero by 2050
• US recommitted to Paris agreement targeting
net zero by 2050 and shaping green deal
Continued growth
("business as usual") leads
to warming up to 5°C
OCI's focus markets need to contribute to these
emission reductions
We aim to achieve our targets through a comprehensive climate strategy
that includes investing in cleaner technologies and projects, recycling and
reusing resources, and cooperating with our stakeholders, industry peers,
governments, and other institutions in the fight against climate change.
Through their respective cycles, our end products all contribute to the
fight against climate change by aiding the sequestration of carbon in
farming, land reclamation, and elimination of transport emissions.
60
60
-30% Industry
OCI focus markets
40
40
2°C pathway
-10% Transport
OCI's focus markets account for ~60%
of emission reduction potential
-20% Agriculture
20
20
1.5°C pathway
-20% Power
-10% Waste
-10% Other
OCI indirect markets
OCI also indirectly influences ~30% of
further emission reduction potential
Other markets
OCI
0
2010
2020
2030
2040
2050
Source: United Nations Emissions Gap Report 2019
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