Carbon Pricing Leadership Coalition and Carbon War Room called for shipping’s financial institutions to begin analysing and managing the risks created by the shipping industry’s imminent decarbonisation, during a global Maritime Forum roundtable in London.
A study about the downstream of the refining sector exposure to the climate risks concludes that its values and earning can be possibly reduced in half by 2035, as a quarter of global refining capacity could become unviable and be forced to close by then.
The progress made in starting to shape a draft comprehensive IMO strategy on reduction of GHG emissions from ships has been reported to the COP 23 climate change conference, meeting in Bonn, Germany, from 6 to 15 November, by IMO’s Stefan Micallef.
The Panama Canal Authority has announced the inauguration of the Emissions Calculator, a tool which will help operators assess their carbon emissions, rank those who have reduced emissions crossing the Canal instead of other routes and encourage the decarbonization of vessels.
A group of international shipping industry leaders will join forces at the 23rd session of the Conference of the Parties to the UN Convention on Climate Change in November, to drive industry action on decarbonisation.
Galen Hon, Principal at the PoliSea Group, provides forecast about the future of energy in shipping taking into account the disruptive changes that have started to affect industry as well. High technology shows the path towards a decarbonized future offering many options such as hydrogen power. Mr. Hon believes that we are not far away from the transition to the hydrogen era and he emphasizes that flexibility in design is needed more than ever for a successful energy evolution.
James Mitchell, Carbon War Room clarifies that ship energy efficiency indicators are not ‘fake news’ and explains how these measures strive to make decarbonisation profitable for shipping.
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