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.
According to a recent statement, foreign ministers discussed climate diplomacy and restated the political centrality of climate action for the European Union. The Council adopted conclusions on climate diplomacy, constituting that climate will be one of the priorities in the EU’s external policy in 2020.
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.
The UK Chamber of Shipping analyzes the industry’s changes for the last years, highlighting the evolution and the steps taken towards a greener industry, with IMO’s 2020 sulphur cap being the base for the next energy transition phase.
Carnival Corporation recently announced that became a member in the “Getting to Zero Coalition”, becoming the first cruise operator that joins the coalition. Through this participation, the cruise company will boost the decarbonization matter of the global shipping industry.
Following the unveiling of the European Green Deal, the European Community of Shipowners Association (ECSA) expressed its support, highlighting the importance of heading towards a greener and more sustainable industry and dealing with shipping emissions.
Rice University has launched Carbon Hub, a major research initiative aiming to create a zero-emissions future in which oil and natural gas provide both clean energy and advanced materials that help house; move; clothe and feed people.
The Port of Helsinki issued its price list for 2020 updating the sizes and types of its environmental discounts, as part of its efforts to pioneer in sustainable development, achieving significant emissions reductions and become carbon-neutral by 2035.
On 12 December, the European Commission will present the European Green Deal as part of its plan to be the first climate neutral continent by 2050, announced the European Commission’s recently-elected President, Ursula von der Leyen, on the sidelines of COP 25 underway in Madrid.
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