COP26 climate summit

Global Deforestation Pledge Will Be Missed Without Urgent Action: Experts

Although global forest destruction slowed in 2021, the vital climate goal of ending deforestation by 2030 will be missed without urgent action, reports the Guardian.

The area devastated in 2021 regressed by 6.3% after progress in some countries, notably Indonesia. However, nearly 7 million hectares were still removed and the destruction of most tropical rainforests rich in carbon and biodiversity decreased by only 3%. The CO2 emissions resulting from the lost trees no longer absorbing carbon...

https://mfame.guru/global-deforestation-pledge-will-be-missed-without-urgent-action-experts/

International Carbon Collaboration Could Reshape Shipping Markets

Five industries representing more than 50% of global emissions need stronger international collaboration to deliver reductions in line with the Paris Agreement, according to the first report from a new group aiming to reshape major charter markets and accelerate development of green fuels and technologies.

The Breakthrough Agenda was signed by 45 nations at the COP26 climate conference in Glasgow last year to drive emissions reductions in the power, hydrogen, road transport, steel and...

https://mfame.guru/international-carbon-collaboration-could-reshape-shipping-markets/

Record-breaking Start To Year Drives Dry Bulk Earnings To Decade Highs

Strong start to the year for the high-volume commodities of iron ore and coal – thanks to infrastructure-heavy stimulus in some parts of the world – as well as plenty of agricultural exports, have all contributed to the record-breaking start, with strong volumes clearly reflected in dry bulk earnings says a news market analysis from BIMCO.

So far, Capesize earnings are on track for the best month of May since 2010, with a daily average of USD 36,536 per day, more than 9 times that of May 2020....

https://mfame.guru/record-breaking-start-to-year-drives-dry-bulk-earnings-to-decade-highs/