In 2019, Carnival Corporation made further progress on its 2020 carbon reduction goal and committed to a new goal of 40% reduction in the intensity of CO2 emissions by 2030, in line with IMO requirements and the Paris Agreement, the company said in its newly launched sustainability report.
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.
A consortium of Danish transportation companies has formed a first of its kind partnership to develop an industrial-scale production facility to produce sustainable fuels for road, maritime and air transport in the Copenhagen area.
British oil major BP announced that it will leave three US-based organisations, following a review examining the alignment of their climate-related policies and activities with BP’s positions. This comes as BP unveiled ambition to become a net zero company by 2050, earlier this month.
A recently published report by the International Council on Clean Transportation (ICCT) and commissioned by the environmental lobby group Stand.earth, aimed to ‘examine the lifecycle GHG emissions from marine fuels, including a previously poorly understood source of climate emissions from LNG-powered ships- the unintentional releases of the climate super-pollutant methane from ship engines, known as methane slip.’
A recent study carried out in the Laboratory of Industrial Management at Åbo Akademi University indicates that improved ship utilization rates and investments in environmentally sustainable technologies for enhanced energy efficiency would not only significantly reduce carbon dioxide emissions within navigation but would also contribute to lowering freight costs.
Following the trend of decarbonizing the shipping industry, the world’s largest lender to global shipping, BNP Paribas and leading wealth manager, Credit Suisse joined the Poseidon Principles, becoming the 15th and 16th financial institutions to sign in.
A key publication presented at the UN Climate Change Conference COP25 in Madrid last month suggests transformational actions and milestones towards carbon neutrality in key areas, such as energy, industry, transport, human settlements, water, land use, and resilience to the inevitable effects of climate change.
The International Renewable Energy Agency (IRENA) issued a report focusing on the challenges of decarbonization and energy transition, with the latter being linked to the increasing penetration of variable renewable energy along with an increase in the electrification of end-use sectors, both of which are key for long term decarbonization and the achievement of climate goals.
Following the implementation of the 2020 sulphur cap on January 1st 2020, a study launched focuses on the importance of new investments into new fuel production, supply chains and a new or retrofitted fleet to achieve the decarbonization in the next three decades.
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