Decarb

Global Shipping Poised To Get A New Climate Strategy

Credit: Smaart company

The world’s largest shipping companies are starting to update their fleets for a greener future. Maersk received the world’s first dual-fuel methanol container ship in July 2023, and dozens more container ships that can run on alternative fuels are currently on order, reports The Conversation.

GHG emissions

The industry – responsible for about 3% of global greenhouse gas emissions, more than Canada and Ireland combined – has reasons to act and to have some confidence in its...

https://mfame.guru/global-shipping-poised-to-get-a-new-climate-strategy/

California Grants Port Of Long Beach $383m For Clean Air Projects

Credits: Port of Melbourne

The Port of Long Beach will receive a $383.35 million grant from the California State Transportation Agency to complete a series of construction and clean-air technology projects to accelerate the transformation to zero-emission operations, reports Seatrade Maritime.

Zero emission

The State’s Port and Freight Infrastructure Programme will get nearly $225 million to fund a variety of zero-emissions cargo-moving equipment and supportive infrastructure projects throughout...

https://mfame.guru/california-grants-port-of-long-beach-383m-for-clean-air-projects/

Is Blue The New Green? Developing A Climate-Resilient Blue Economy

Credit: christian-lue-unsplash

The World Bank defines the blue economy as “the sustainable use of maritime resources for economic growth, jobs, and improved livelihoods while preserving the marine ecosystem’s health.” The aim is to strike a balance between conservation and resource extraction when developing marine-based economies. The blue economy can offer huge potential in the area of climate change mitigation and resilience, given the fact that marine habitats, such as mangroves, tidal...

https://mfame.guru/is-blue-the-new-green-developing-a-climate-resilient-blue-economy/

South Korea Revises 2030 Target For Greenhouse Gas Emissions

Credit: christian-lue-unsplash

South Korea revised its 2030 targets for greenhouse gas emissions April 11 under which major polluters of energy-intensive manufacturers, such as oil refiners, chemical companies and steelmakers, are given reduced burdens on the back of a bigger role of nuclear to power Asia’s fourth-biggest economy, reports SP Global.

About the plan

The final version adjusted targets for two sectors — lowering the target for the industrial sector while raising the target for the...

https://mfame.guru/south-korea-revises-2030-target-for-greenhouse-gas-emissions/

China Opens Consultation For Updating Voluntary Carbon Market Methodologies

Credit: christian-lue-unsplash
  • Signals revival of domestic voluntary carbon market in near future
  • New methodologies emphasize on additionality
  • CCER revival to ease supply of credits, lower prices

China’s environment ministry on March 30 launched public consultations, seeking revisions on existing methodologies and the introduction of new ones to generate voluntary carbon credits under the nation’s China Certified Emission Reduction scheme, it said in a notice on its website, reports SP Global.

Re...

https://mfame.guru/china-opens-consultation-for-updating-voluntary-carbon-market-methodologies/

Alternative Fuels Outlook For Shipping

Credit: galen-crout-0ZGLna-unsplash
  • Regulations such as EEXI and CII indexes are already in place making vessels more energy efficient and thus reducing their GHG footprint.
  • Looking at the currently available fuels, we will need to consider those with the minimum carbon content such as LNG, LPG, methanol or biofuel blends.
  • To replace fuel oil with an alternative fuel onboard a ship, means having the necessary energy converter technology

During the 2023 SAFETY4SEA Limassol Forum, Panagiotis...

https://mfame.guru/alternative-fuels-outlook-for-shipping/

Poseidon Principles Provide A Platform For Financing Shipping’s Sustainable Future

Credit: christian-lue-unsplash

The Poseidon Principles provide a platform for financing shipping’s sustainable future, but the technical guidance underpinning the initiative remains under scrutiny, reports Marine Link.

UN agency’s strategy on GHG

In July 2023, the International Maritime Organization’s Maritime Environment Protection Committee (MEPC) will consider revising the UN agency’s strategy on greenhouse gas emissions from ships. Moving on from a current target to reduce CO2 emissions from...

https://mfame.guru/poseidon-principles-provide-a-platform-for-financing-shippings-sustainable-future/

The Reign Of Oil in Shipping Is Coming To An End

Credit: Erik Mclean/Unsplash

For a century, the world’s oceangoing fleet has been powered by crude. The 50,000 ships plowing the high seas consume more than five million barrels every day, not much less than all the aircraft in the sky. One-twentieth of all oil ends up burned in a ship engine. Those days may soon be ending. That’s because the world’s merchant ships are about to undergo the most profound revolution they’ve seen since the dying days of coal-powered steamships, reports The Business...

https://mfame.guru/the-reign-of-oil-in-shipping-is-coming-to-an-end/

Why The Maritime Industry Can’t Clean Up Its Act?

Credit: Pexels/Pixabay

Singapore-based BW LPG goes about its business differently than many shipowners. If during a vessel’s passage it becomes clear that a berth won’t be free upon arrival at port, the ship will simply slow down so it shows up when there’s room, reports Bloomberg.

Cutting down emissions

By not being forced to wait for days or weeks at a time, fuel is saved and emissions avoided—since these massive ships can’t just power down at anchor. Last year, the strategy equated to more than...

https://mfame.guru/why-the-maritime-industry-cant-clean-up-its-act/

Critical Year Ahead For Shipping Emissions Regulator

Cedits: Chris LeBoutillier/ Unsplash

The IMO may finally be moving closer to a zero-carbon future, with more shipping nations backing stronger targets and a global carbon price.  Giant oil tankers are slow to change course. The International Maritime Organisation (IMO), the UN agency that sets minimum safety and environmental rules for the global shipping industry, has previously drawn comparisons to such vessels, reports China Dialogue Ocean.

A zero-carbon future

But at the latest round of...

https://mfame.guru/critical-year-ahead-for-shipping-emissions-regulator/

+ More