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.’
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.
During the World Economic Forum in Davos, IMO’s Secretary General, Kitack Lim, called for renewed cooperation from all shipping stakeholders in efforts to deal with air pollution and greenhouse gas emissions from shipping.
During World Maritime Forum’s Annual Meeting, Johannah Christensen, Managing Director, GMF, discusses shipping’s decarbonization and the efforts needed to achieve a greener and more sustainable maritime industry through investment.
On 20 January, the Italian energy company Eni along with the international oil company ADNOC, shake their hands and inked a strategic framework agreement. Through their collaboration both companies will further explore new opportunities in carbon capture utilization and storage (CCUS).
Trafigura Group recently announced its plans against climate change, setting new target to reduce the carbon emissions from its shipping operations. The company showed its support on the idea of imposing slow steaming regulations to cut GHG emissions.
Recently, a paper was launched highlighting the impact of human-emitted greenhouse gases (GHGs) which result to ta long term warming of the planet and the oceans; Thus, the 5 warmest years for the world’s oceans were 2016 to 2019.
The Abu Dhabi National Oil Company (ADNOC) plans to decrease its greenhouse gas (GHG) emissions intensity by 25% by 2030, to bolster its position as one of the least carbon-intensive oil and gas companies in the world.
On Wednesday, January 8, the APL SINGAPURA, a CMA CGM Group container ship, inaugurated the cold ironing facilities of the Terminal des Flandres in the Port of Dunkirk. Through this innovative system auxiliary engine emissions from vessels at berth can be eliminated, thus improve air quality and reduce noise pollution.
Energy produced at coal-fired thermal stations made up less than 5% of all electricity generated in 2019 in Spain, as natural gas and renewables become more profitable options. According to figures that Red Eléctrica de España (REE), the national power grid operator, advanced to EL PAÍS, the country has dramatically reduced its reliance on coal-fired power, and as a direct result, carbon dioxide (CO2) emissions from electricity generation fell 33.3% in 2019.
