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Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. Faïg Abbasov, head of shipping at campaign group Transport & Environment, told BusinessGreen the proposal was "essentially an empty shell." "To Cecilia Keating.
The following is adapted from State of Green Business 2020, published by GreenBiz in partnership with Trucost, part of financial information and analytics giant S&P Global.
In the race to drastically cut emissions in shipping, one of the industry's biggest names, Samsung Heavy Industries, is teaming with fuel cell company Bloom Energy to develop a more sustainable fuel designed to meet steep international targets. Both companies have a shared vision of powering ships with fuel cells.
The Transform to Net Zero initiative launched Tuesday will see members of the coalition — which also include Danish shipping giant Maersk, Indian information technology company Wipro and Brazilian beauty company Natura & Co — collaborate on research, guidance and roadmaps to help businesses slash their carbon emissions in line with a 1.5
World’s largest cruise company is first in cruise sector to join research and development center committed to facilitating and accelerating decarbonization of the global shipping industry. DESCRIPTION: Carnival Corporation Joins Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. SOURCE: Carnival Corporation & plc.
The latter includes all ocean-based economic activity, including fishing, shipping, mining, port operations, oil and gas exploration and energy generation. It was followed by a virtual meet-up in April, attended by more than 750 people. The group is quick to distinguish the " blue economy " from the " ocean economy."
While these numbers may seem daunting, they also reveal an opportunity for the logistics and transport sector to become a driving force in the transition to a decarbonized future,” writes Terry Donohoe, senior vice president of freight forwarding for DP World Americas, in a recent article published in Logistics & Transportation Review.
In a significant move towards a more sustainable future, DP World and the International Renewable Energy Agency (IRENA) are joining forces to accelerate the use of renewable energy and decarbonize the ports, maritime, and logistics sectors. The maritime sector is one of the most challenging industries to decarbonize.
We continue to implement important initiatives that have kept us ahead of our ambitious goals to reduce emissions, and this new shore power capability will allow our ships to rely on the electrical grid to power our ships while in port.”
After refueling in Rotterdam, AIDAprima will test the new biofuel during regular ship operations on upcoming voyages from Hamburg through the fjords of Norway. AIDA Cruises has been investing toward a sustainable future for cruising for many years as part of its decarbonization strategy.
Shipping keeps the world moving; but what moves the ships? However, pressure is also mounting to address emissions from various “hard-to-decarbonize” sectors, such as shipping. The remainder of this article discusses how these trends intersect to help shipping companies that are considering riding the “hydrogen wave.”.
Singapore-based financial services group DBS announced today a series of 2030 sectoral decarbonization targets aimed at cutting the emissions footprint of the company’s finance and investment activities in key carbon-intensive sectors, in alignment with its 2050 net zero goal.
This work is done through complementary strategies focused on maximizing hydrodynamic performance and enhancing ongoing hull maintenance, which reduces a ships underwater drag. Together, these efforts reduce fuel use for each ship and across the companys global fleet, which also lowers its overall greenhouse gas (GHG) emissions.
DESCRIPTION: World's largest cruise company to install air lubrication technology on at least 20% of the ships in its fleet to reduce hull drag, fuel consumption and carbon emissions. The expansion plans build on the success of four systems currently operating on ships from its AIDA Cruises and Princess Cruises brands.
DESCRIPTION: Initiative to test biofuels represents another major milestone in company's decarbonization strategy, with AIDAprima from AIDA Cruises becoming first larger-scale cruise ship to be bunkered with blend of marine biofuel, made from 100% sustainable raw materials.
It also includes an intermediate CO 2 storage and ship loading system at Oslo harbor, from where the CO 2 will be transported to the Northern Lights permanent storage facility on the Norwegian continental shelf. When operational, the carbon capture plant is expected to capture 350,000 metric tons of CO 2 annually. Find out more at slb.com.
The upgrades include ongoing installations through 2023 on ships from the company’s nine cruise line brands – Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
It will now require these shared commitments from its suppliers, according to the press release about the program: A shift to intermodal shipping to reduce the industry’s reliance on air freight, aiming for an interim emissions reduction of 15 percent by 2024. Information Technology. Corporate Strategy. Technology. Manufacturing.
There’s opportunity there, according to McKinsey’s Elliott Tinnes, Fernando Perez, and Matthew Kandel, exploring the challenges of “Decarbonizing logistics, Charting the path ahead.” If you’d like more information please contact us. The overall demand for green logistics could reach US$350 billion by 2030.
The new report indicates that the speed with which clean technologies and decarbonization of the power sector are scaled up is crucial. The power, transport, industry and buildings sectors transition at different speeds based on the technologies available for them to decarbonize, but all see emissions start to fall immediately.
Further, the company continues to address the challenges presented by climate change as it works toward a goal of carbon neutral global operations by 2040, guided by our strategy: decarbonize whats possible, co-create with purpose, and neutralize whats left.
In addition, to reduce carbon emissions in shipping its products worldwide, Acer has partnered with logistics provider Kuehne+Nagel to reduce standard sea containers emissions thanks to biofuel on various routes since Q4’22. Please visit www.acer.com for more information. TAIPEI, Taiwan, September 14, 2023 /3BL/ - Acer Inc.
A survey from IBM and Morning Consult found that in the next two years, 62% of business leaders plan to invest in solutions that help manage assets, facilities and infrastructure to drive clean energy transition, efficient waste management and decarbonization. Embedding insights into everyday operating decisions. In 2021, IBM registered a 61.6%
The company’s latest report provides updates on current sustainability initiatives and efforts supporting its long-term sustainability vision and commitments under these focus areas, including the company’s 2030 commitments to reduce carbon emission intensity and aspirations to achieve net carbon-neutral ship operations by 2050.
As a corporate professional focused on ESG, nature and decarbonization services, as well as the blue economy, I looked forward to gathering first-hand information that would help drive and contextualize this work. The Northern Sea Route is the shortest shipping route between the western part of Eurasia and the Asia-Pacific region.
Partnerships are essential to reach our decarbonization goals in maritime and working with Entergy and the Port of Lake Charles to initiate shore power for our ocean-class workboats helps in decreasing our environmental impact,” said Matt Yacavone, Crowley Shipping senior vice president and general manager.
A global coalition fronted by former Vice President Al Gore promises granular insights and data into those sources — down to individual power plants, ships or factories. Where did they originate? How can we be sure? I don’t want to sound too highfalutin on this, but really here in the U.S.,
Some of the granular information that drives these services will come from the cell phones of people moving through cities, while other tranches will be harvested from municipal agencies’ open data portals. Automation promises to remove driver error from the operation of trucks and cars, and give rise to new forms of urban transportation.
This work culminated in a new report, “ Decarbonization Pathways for Paraguay’s Energy Sector ,” published in November of 2021 by the Columbia Center on Sustainable Investment (CCSI), and co-authored by the Quadracci Sustainable Engineering Lab at Columbia University, and Paraguay-based Centro de Recursos Naturales, Energía y Desarrollo (CRECE).
Alongside the launch, Cognizant announced a new collaboration with ocean-focused machine learning platform startup Tidal, aimed at making the company’s ocean information platform widely available to the aquaculture market.
Through increased shipping efficiencies, the solution produces a lower carbon footprint as compared to resource-intensive glass wine bottles. This robust methodology ensures that our customers can take meaningful steps toward decarbonizing their packaging choices.
Conference Overview: Part of the Reuters Events series, this conference brings together more than 500 key energy decision-makers to share critical information about the future of the energy market. Decarbonizingshipping. The decarbonization of Wall Street as public-equity fund managers strive for green portfolios.
Through industry-leading action and innovation, Trane Technologies is decarbonizing buildings, industry and the cold chain and advancing its 2030 Sustainability Commitments , including the Gigaton Challenge , and its pledge to be net-zero by 2050. The company recently hit two significant sustainability milestones.
“Our partnership with Catalyst – and our new commitment with Infinium – exemplifies the novel collaboration necessary to bring to market the new technologies that will allow us to decarbonize.” About Infinium Infinium is an electrofuels provider on a mission to decarbonize the world.
To calculate credits, Lenovo estimates CO 2 emissions over the average lifecycle of devices, from manufacturing to shipping, use and disposal. Lenovo is committed to the vision of providing smarter technology for all people and helping to decarbonize the global economy. until October 2022 **Source: [link]
The Molten Chloride Fast Reactor has the potential to meet the carbon-free needs of hard-to-decarbonize industrial sectors including and beyond electricity. The IET will inform the design, licensing and operation of an approximately 180-megawatt MCFR demonstration planned for the early 2030s time frame.
There was no specific information Monday on whether the guidelines would allow continuing federal funding for several oil and gas megaprojects now under discussion, from Indigenous-led LNG developments in B.C. to a long-touted buyout of the financially precarious Trans Mountain pipeline. those are the pieces that we still need to find.”
Digital twins are digital replicas of the physical world which can be built from data collected in real time by sensors connected to infrastructure such as roads, railways or shipping. For example, through updating digital road signs with information on the shortest route out of traffic jams.
Ship Green During a side event at the China Pavilion, Cainiao Group’s Vice President Niu Zhijing, who is also the company’s ESG General Manager, expounded on the value of green logistics, which are “a long-term strategy of Cainiao,” he said in a statement. Explore their innovations below.
DESCRIPTION: At the recent COP26 climate talks, countries and companies largely focused on tackling climate change by decarbonizing the energy sector. Net zero cannot be achieved by decarbonizing the energy sector alone,” the World Economic Forum (WEF) concluded in a March 2021 report. Words by Leon Kaye. SOURCE: TriplePundit.
Fast Forward’s research of how APNs are using AI to fight climate change found a vast range of use cases, including decarbonizing supply chains, tracking pollution, predicting disasters, optimizing sustainable farming practices, protecting biodiversity, and equipping policy makers with better data.
Global Food and Ingredients Growth rate: 102% Toronto-based, with a network of 500 farmers and four processing plants in Western Canada, Global Food and Ingredients is building a “farm to fork” producer of what it says are traceable, sustainable and plant-based food and dog-food products shipped to 37 countries.
Here at Ericsson, we take the need to decarbonize seriously. First, we needed the information to understand the full extent of supply chain emissions through measurable data and transparent reporting, referred to as the ‘monitoring’ phase.
This year's event built off the learning from the SDSN's Roadmap to 2050 A Manual for National to Decarbonize by Mid-Century report published in partnership with Fondazione Eni Enrico Mattei (FEEM). The event’s panels on the first day were focused on the decarbonization of the power, transport, industry, and buildings sectors.
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