Tag: climate change

COP 27 wrapped up with a historic decision to establish a loss and damage fund for vulnerable countries hit hard by climate disasters. And while the high-level meeting was expected to set a more ambitious timeline for shipping to decarbonize, the progress on climate ambition was generally perceived as weak.

During COP 27 in Egypt, the International Renewable Energy Agency (IRENA) signed a Memorandum of Understanding (MoU) with the Intergovernmental Panel on Climate Change (IPCC). The two parties agreed to exchange knowledge and collaborate on initiatives to accelerate widespread renewable energy adoption to mitigate climate change.

A new report acknowledges that shipping will play a key role in transporting the green fuels necessary to meet global climate goals, highlighting the need for stronger national policies on low-carbon fuels.

Mrs Patrizia Kern, Chair of IUMI’s Data & Digitalisation Forum and Chair, Poseidon Principles for Marine Insurance, Head Marine, Director at Swiss Re Corporate Solutions highlights the need for all industry stakeholders to play their part in contribution to the net zero transition.

The Methane Alert and Response System (MARS), launched at the COP 27, is a data-to-action platform set up as part of the UNEP International Methane Emissions Observatory (IMEO) strategy to get policy-relevant data into the right hands for emissions mitigation.

During COP27, UN Secretary-General, António Guterres called for a historic pact between developed and developing countries to combine capacities, and pivot the world towards reducing carbon emissions, transforming energy systems and avoiding a climate catastrophe.

The 2022 edition of the WTO’s World Trade Report presents new analysis and recommendations on how international trade and greater cooperation can amplify global efforts to address climate change and put the planet on a sustainable trajectory.

The European Sea Ports Organisation (ESPO) presented its ESPO Annual ESPO Environmental Report 2022 - EcoPortInsights. The report concludes that climate change is top priority for European ports.

The pandemic highlighted how interconnected the world is right now. Multiple bottlenecks have disrupted global supply chains – the networks of people, companies and modes of transport that order and manufacture goods and deliver them to warehouses, shops or even right to our doors, mentions the World Economic Forum in an article. 

Key industry associations jointly released a glossary on climate change definitions in relation to shipping in an effort to clarify associated terminology and ensure that the discussions around climate change and potential solutions for the shipping industry are based on a mutual understanding of what the commonly used terms mean.