Maersk Drilling has entered an agreement to invest USD 1 million in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy, aiming to pave the way for carbon-neutral drilling.
Shipping is experiencing increasing pressure to decarbonize its operations and to reduce emissions to air. In April 2018, the IMO adopted an ambitious GHG reduction strategy, aiming to reduce with at least 50% total GHG emissions from shipping by 2050. As it is expected, such an unprecedented change, poses challenges for a range of stakeholders, from ship owners, to ship builders, designers, and fuel suppliers financiers and policy makers.
Nine major businesses shake their hands in order to accelerate the transition to a net zero global economy. Through their initiative, collaborators goal to enable all businesses to achieve net zero emissions.
BLUE Insight, the business consultancy practice with BLUE, has developed the first comprehensive Guide tracking the organisations that are driving the low carbon fuels and energy market.
In 2019, Asian waters accounted for a third of large vessels lost at sea globally, despite the fact that large shipping losses remained at a record low by over 20% year-on-year. Meanwhile, the COVID-19 crisis could worsen the long-term safety improvements in the shipping industry for 2020 and beyond.
With shipping industry’s goal to reduce carbon emissions until 2050, partners from leading organizations shake their hands and collaborated to step up sector’s decarbonization.
The European Commission launched their plans for the integrated energy system of the future with clean hydrogen in support of the industry’s decarbonization plans.
Criticizing the insufficient progress of IMO emission reporting requirements, the EU took more decisive action to decarbonize the maritime sector. On Tuesday, the Environment Committee voted to include CO2 emissions from the maritime sector in the EU Emissions Trading System (ETS) and set a new target of 40% reduction in shipping CO2 by 2030.
Mediterranean Shipping Company (MSC) has denied accusations by NGO Transport & Environment that it is the seventh largest carbon emitter in Europe, commenting that the company operates a modern fleet and is running the biggest fleet investment programme in the industry to further reduce emissions.
Environmental Defense Fund (EDF) and the University Maritime Advisory Services (UMAS) issued a report, highlighting that shipping will fail to tackle its GHG emissions unless it sets rules that truly reflect the climate impact of shipping fuels.
