MCST prepares new narratives for the Pacific Blue Shipping Partnership
Pacific Blue Shipping Partnership – Governance Narrative
As Pacific high ambition pressure at IMO for a paradigm shift for international shipping decarbonization builds and we inch closer to a real price on shipping emissions, we turn back to how to organize a parallel shift for our domestic fleets.
In our latest technical working paper, MCST suggests alternative narratives for the governance, financing and technology transition pathways for the Pacific Blue Shipping Partnership.
The speed and scale of transition required to implement our country’s NDC’s domestic maritime targets are unprecedented. It demands a complete revolution in technology and a paradigm shift in fleet management and operations as well as the financial investment and program delivery away from existing structures. A dedicated bespoke solution is required.
Our research considers a collective country approach with governance via a Ministerial Council of participating countries the most appropriate and efficient structure.
Central to PBSP’s design is the need for a country-owned and -driven program. In essence PBSP is a formal agreement between a number of states to:
- set a common objective via NDCs for their domestic shipping transition
- collaborate on setting national strategic policy and project priorities through National Action Plans to best advantage the collective Partnership
- agree to coordinate external no-regrets climate finance investment as a collective portfolio to best advantage the collective Partnership
- collaborate to build long-term in-country capacity and institutional strengthening to underpin the domestic maritime transition across the sector
For more information on the Pacific Blue Shipping Partnership, click here.
- 00 Pacific Blue Transform_PBSP_Synthesis Report_v1.0
- 01 Pacific Blue Transform_PBSP_Governance Framework_v1.0
- 02 Pacific Blue Transform_PBSP_Baseline Assessment_v1.0
- 03 Pacific Blue Transform_PBSP_Transition Plan_v1.0
- 04 Pacific Blue Transform_PBSP_Finance Roadmap_v1.0
Strengthening the Pacific Blue Shipping Partnership
World Bank Maritime Transport Group
Synthesis report of
- Governance framework,
- High-level baseline assessment,
- Zero-carbon transition plan, and
- Blended finance roadmap
August 2023
(Support from the World Bank NDC Support Facility is gratefully acknowledged)
This analytical work aiming at “Strengthening the Pacific Blue Shipping Partnership (PBSP)” was undertaken as part of the World Bank’s wider regional advisory services and analytics (ASA) “A Blue Transformation for Pacific Maritime Transport.
This decarbonization component of the ASA has aimed at strengthening the Pacific Blue Shipping Partnership (PBSP) through targeted analytics and capacity development. The PBSP represents an ambitious country-driven initiative for large-scale blended finance investment to catalyze a multi-country transition to sustainable, resilient, and zero-carbon shipping. It is co-led by the Republic of the Marshall Islands and Fiji and currently includes six PICs as member countries (Fiji, Kiribati, the Republic of the Marshall Islands, Solomon Islands, Tonga, and Tuvalu).
Currently, existing multilateral and bilateral support for ambitious climate action to PBSP member countries is almost exclusively focused on land-based activity. In contrast, the maritime transport sector’s decarbonization by far has not received the same level of attention, and as such gaps exist between the current level of multi-country inbound infrastructure investment and what is needed to meet the PBPS decarbonization targets for 2030 and 2050.
This synthesis report summarizes the main findings and key recommendations from four complementary working papers that try to fill some of the knowledge gaps listed above, namely:
- a governance framework that proposes a governance structure for the PBSP taking into consideration its aims and needs,
- a high-level baseline assessment that establishes a greenhouse gas (GHG) emissions inventory for six PICs: Fiji, Kiribati, the Republic of the Marshall Islands, Solomon Islands, Tonga, and Tuvalu,
- a zero-carbon transition plan aiming at outlining the technical and operational pathways which could enable the PBSP to fully decarbonize domestic maritime transport by 2050,
- a blended finance roadmap that explores ways to fund the sector’s energy transition.
This synthesis report together with the four working papers aims to strengthen the PBSP in terms of achieving its ambitious GHG emissions reduction targets for Pacific maritime transport by 2030 and 2050.
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