COP26

This Country Burns More Heavy Fuel Oil To Free Gas

Credit: Zbynek Burival/Unsplash

The amount of carbon-intensive mazut fuel oil Egypt uses in power stations has reached five-year highs as it seeks to maximise the amount of natural gas available for export, data published by the electricity sector’s regulator showed, reports Reuters.

Shift towards mazut

The shift towards mazut, which is mostly produced in Russia, allows Egypt to generate electricity more cheaply and export more gas to alleviate an acute foreign currency shortage.

Mazut’s share of...

https://mfame.guru/this-country-burns-more-heavy-fuel-oil-to-free-gas/

Central America pushes sustainability as banks contemplate climate risks

Central America pushes sustainability as banks contemplate climate risks

Monday 7 March 2022 – Vol.13 Ed.10.1

Commentary: Central America aims to become leader in sustainability

By Natalia Ospina in London

Central America’s above-average recovery in 2021 and the positive outlook for the coming years demonstrate the region’s resilience to shocks and its potential for development. In February, trade experts and private investors joined CABEI and OMFIF to discuss Central America’s competitive...

https://allaboutshipping.co.uk/2022/03/07/central-america-pushes-sustainability-as-banks-contemplate-climate-risks/

Panama supports the IMO/MEPC 77 Meeting

Panama supports the IMO/MEPC 77 Meeting

PANAMA-February 22, 2022-The Permanent Mission of Panama to the International Maritime Organization (IMO) participated in the seventy-seventh Marine Environment Protection Meeting (MEPC 77) held last November, virtually.

During this meeting, discussions centered on issues related to ballast water, air pollution prevention, energy efficiency of ships and reduction of ships’ greenhouse gas (GHG) emissions. In addition, two new deliverables were approved:

  • The...

https://allaboutshipping.co.uk/2022/02/22/panama-supports-the-imo-mepc-77-meeting/

Report: Shipping emissions rose nearly 5% in 2021

A recent report said that shipping-related greenhouse gas emissions rose by nearly 5% in 2021.

Shipping-related greenhouse gas emissions rose by 4.9% in 2021 and were higher than in 2020 and 2019, according to Simpson Spence & Young’s annual industry report. 

Shipping emissions came in at 833 million metric tons of carbon in 2021, compared with 794 million metric tons in 2020 and 800 million metric tons in 2019. 

This rise in emissions comes despite growing climate ambitions and efforts to reduce emissions in the maritime industry. Shippers are experimenting with alternative fuels and...

https://www.freightwaves.com/news/report-shipping-emissions-rose-nearly-5-in-2021

Central banks and data disclosures can play bigger role in net zero transition

Central banks and data disclosures can play bigger role in net zero transition

Friday 28 January 2022 – Vol.13 Ed.4.5

Commentary: Robust data disclosures key for net zero agenda

By Taylor Pearce in London

Improving climate-related data disclosures for both public and private market actors is a foundational element of the net zero agenda. The increasingly urgent climate crisis will require further co-operation between market actors, governments, regulators and central banks. Though they may not be...

https://allaboutshipping.co.uk/2022/01/28/central-banks-and-data-disclosures-can-play-bigger-role-in-net-zero-transition/

Financial institutions must act on climate promises in 2022

Financial institutions must act on climate promises in 2022

Friday 21 January 2022 – Vol.13 Ed.3.5

Commentary: Outlook 2022: 10 climate promises the financial sector must keep

By Nick Robins and Danae Kyriakopoulou

COP26 left the world a few steps closer to a sustainable financial system, and decarbonisation pledges are becoming more common in private finance. Still, fundamental financial inadequacies need to be fixed urgently. To earn and maintain trust, players across the system must use 2022 as...

https://allaboutshipping.co.uk/2022/01/21/financial-institutions-must-act-on-climate-promises-in-2022/

Mess expected on all fronts during 2022

Mess expected on all fronts during 2022

by John Faraclas

If 2021 was a year of reset and another annus horribilis, 2022 will be even worse and we shall see adjustments on all fronts. Ultra-caution should be observed by all for what humanity and specifically business interests will witness.

Our predictions were proven verbatim right for 2021, whether on business – shipping market’s uncertainty with a rollercoaster BDI; geopolitics – clash of superpowers in all sectors and fronts, particularly on...

https://allaboutshipping.co.uk/2022/01/11/mess-expected-on-all-fronts-during-2022/

How will COP26 affect sustainability movement in freight moving forward?

COP26 will impact the freight industry for years.

In the wake of the long-awaited climate change conference (COP26) in Glasgow, Scotland, in November, FreightWaves asked industry experts how they predict COP26 will impact the freight industry going forward.

These responses have been edited for length and clarity.

Prioritizing sustainability and net-zero emissions

“Climate impact is no longer a fringe issue. It is a global priority. Companies must take sustainability commitments further, and faster, to reach the goal outlined in the Paris...

https://www.freightwaves.com/news/how-will-cop26-affect-sustainability-movement-in-freight-moving-forward

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