Tag: reducing shipping emissions

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Hapag-Lloyd Cruises to stop using HFO

Hapag-Lloyd Cruises announced that it will use low-sulphur Marine Gas Oil on all expedition ships from July 2020. Currently, the company is using MGO in particularly vulnerable areas like the Arctic, Antarctica and Kamchatka. The routes will be managed on the basis an eco-efficient average speed, which aims to reduce fuel consumption by one third.

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Norway awards Equinor exploitation permit for CO2-storage

Equinor has been awarded an exploitation permit for CO2-storage on the Norwegian Continental Shelf, according to Norway's Ministry of Petroleum and Energy. The storage solution is part of the large-scale carbon capture and storage-project in Norway. If approved, the storage is set to begin operations in 2023 or 2024, Gassnova, a governmental agency in charge of developing the CCS project, reported.

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Oceans warm faster than expected, reach heat record in 2018

It is estimated that the oceans are warming faster in comparison to the past, setting a new record on temperature in 2018, resulting to damaging marine life. Measurements, run by an international network of 3.900 floats that are deployed in the oceans since 2000, revealed an increased warming since 1971, than what it was calculated by the UN assessment of climate change in 2013. 

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EIB launches energy lending policy in support of EU’s targets

The European Investment Bank (EIB) launched a new public consultation on energy financing to better reflect energy industry trends and to enhance its support for the European Union’s 2030 energy and climate targets. The next three months, EIB will engage with stakeholders, including shareholders, industry associations, civil society and the private sector to develop a new energy lending policy that supports EU targets.

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