WISTA UK has recently hosted an event to challenge its members to address the major issues affecting the shipping industry which focused on the part the maritime sector plays in the climate change agenda. The subject of the debate was the divisive emissions problem, with the panel exploring potential solutions to curtail shipping’s emissions.First to stimulate thoughts was David Donnelly, Partner at Mazars, who looked at his experience as an expert in energy efficiency in buildings and how techniques could be transferred across into the maritime sector. Members learned that there has to be a financial justification in undertaking any investment in retrofitting environmental-efficiency technologies to vessels.Where financial gains could be realised fairly quickly after initial CAPEX, it was explained, as in insulation and lighting systems, then retrofitting could be undertaken with relative ease. Other technologies, however, may not be retrofitted so easily because of the longer return on investment or simply because their commercial benefits cannot be monitored – in the maritime sector this is illustrated by ballast water treatment systems. In such cases in other sectors, said Donnelly, the energy efficient investment is deferred until the normal lifecycle replacement of the particular equipment.There is an element of corporate social responsibility ...
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