Co-chaired by the Republic of the Marshall Islands (RMI) and the Government of Fiji, the Pacific Blue Shipping Partnership (PBSP) held its first virtual Ministerial Meeting last Thursday. Partnership is
Co-chair of the Republic of the Marshall Islands and the Republic of Fiji, at the First Pacific Blue Shipping Partnership Ministerial Meeting, Permanent Secretary of the Ministry of Trade, Trade, Tourism and Transport, Shaheen Ali (right) and Ambassador of the Republic of the Marshall Islands to Fiji, Tregar Albon Ishoda (second from right) November 5, 2020. Photo: Ministry of Trade, Trade, Tourism and Transportation.
Co-chaired by the Republic of the Marshall Islands (RMI) and the Government of Fiji, the Pacific Blue Shipping Partnership (PBSP) held its first virtual Ministerial Meeting last Thursday.
The Partnership is the first multi-country initiative that is expected to create new opportunities across the region in carbon-free ocean transportation.
The meeting was co-chaired by the Permanent Secretary for Trade, Trade, Tourism and Transportation, Shaheen Ali and the RMI Ambassador to Fiji, Tregar Albon Ishoda.
First marked by the Prime Minister of Fiji and President of RMI at the One Planet Summit in New York, PBSP was confirmed in a special side event at the Climate Action Pacific Partnership (CAPP) in April 2019 with Ministers and government representatives of Vanuatu, Tuvalu, Solomon Islands, Tonga , Kiribati promised to support.
The partnership is designed to enable a large-scale, country-driven transition to sustainable, resilient and low-carbon marine transportation – targeted to accelerate the development of a 100 percent carbon-free domestic marine transport sector by 2050, including a 40 percent reduction. greenhouse gas (GHG) emissions from deliveries by 2030.
The Permanent Secretary, in his opening statement, emphasized the importance of our oceans to the lives of Pacific peoples and that their intrinsic value cannot be underestimated. He further stated that it is our combined responsibility to protect our oceans and the Partnership will be a game changer for the Pacific, rapidly tracking the achievement of our ambitious targets for net zero emissions by 2050.
“Fiji is of the view that the Pacific vision of net zero emissions from the shipping industry will be achieved if, we are able to become an environmentally friendly and sustainable shipping center. We need a development partner not only to deliver the best technology and low emission vessels, but also to build capacity to build these ships locally. “
“We need to revive and grow our shipbuilding industry, not only to create jobs and sustainable livelihoods, but also to become more self-reliant,” said Ali.
Mr Ishoda, reinforces the Marshall Islands Republic’s commitment to the Partnership, by stating that as on land, we see the sea as a pathway to rural communities on the outer islands. “Our oceans are our collective legacy as Development partners”
In consultation with multilateral and bilateral development partners, PBSP is developing a mixed finance package in excess of US $ 500 million to enable an initial 10-year (2020-2030) work program focused on three main priorities.
This partnership involves the following;
1. Large-scale infrastructure transformation, including short-term ferry upgrades and
an ambitious project to improve port / jetty access for underserved residents around the area;
2. Small to medium enterprise development to ensure the private sector is adequately financed to meet regional sea transportation needs; and,
3. Capacity building, analysis and Research and Development efforts to achieve the Partnership’s long-term success for the region. So far, the 6 Pacific Island Nations have shown interest in this open coalition of Partnerships for the Pacific to become a hub for green and sustainable shipping.
Small Island Developing Countries. He further stated that having sustainable transportation will help us achieve the Sustainable Development Goals, humanitarian efforts especially in the midst of natural occurrences that often occur, as well as assistance in overcoming COVID, “Ishoda added. This will require identifying key investments in critical areas of infrastructure development, investment financing, shipbuilding capacity, seafarer training and certification, and steps to meet the broader demand of Pacific Island States to enact an ambitious path of decarbonization for decades. to come.
“Fiji and RMI will jointly approach other Pacific Islands to join this initiative and share a vision to have zero carbon emissions in the maritime sector, across the Pacific, by 2050,” added Ali.
The meeting agreed that the co-chair would initiate the first round of discussions with development partners who had shown an interest in providing funding for state-run projects. To formalize the PBSP, the Parties are finalizing an Implementation Agreement and a Joint Statement to be signed by the Ministers.
Source: Ministry of Trade, Trade, Tourism and Transportation