Emission

EU Agrees on Well-To-Wake GHG Limits To Energy Used on Board Ships from 2025

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Classification society DNV on Tuesday (16 May) published a technical and regulatory news titled ‘The EU agrees on well-to-wake GHG limits to energy used on board ships from 2025’. It focuses on the EU’s legislative bodies reaching an agreement on the FuelEU Maritime regulation setting well-to-wake GHG emission intensity requirements on energy used on board ships trading in EU from 2025. From 2030, the regulation also mandates the use of shore power for container and passenger ships...

https://mfame.guru/eu-agrees-on-well-to-wake-ghg-limits-to-energy-used-on-board-ships-from-2025/

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

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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

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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/

Shipping Giant Rolls Out New Tools To Calculate CO2 Emissions

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The tool, ONE Eco Calculator, provides the total distance and total CO2 emissions from the place of receipt to the place of delivery, including door locations, reports Offshore Energy.

An environmental friendly option

By offering this service, clients can choose a more environmentally friendly service, according to ONE. Furthermore, the firm stressed that this is one of the milestones on its journey to net-zero.

With the ONE Eco Calculator, units are expressed as either...

https://mfame.guru/shipping-giant-rolls-out-new-tools-to-calculate-co2-emissions/

China Opens Consultation For Updating Voluntary Carbon Market Methodologies

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  • 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/

Greener Maritime Power Will Be Cheaper Than Fossil Fuel Soon

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The relative price of greener fuel, particularly methanol, will dip below the cost of fossil fuels by 2025, according to the latest report by UK-based Longspur Capital, reports The Loadstar.

Cost of fuels

Attention All Shipping, published last week, says the EU Emissions Trading System (EU ETS), the FuelEU Maritime initiative and the Energy Taxation directive will have a significant impact on the cost of fuels by 2025.

The report calculates the costs of the...

https://mfame.guru/greener-maritime-power-will-be-cheaper-than-fossil-fuel/

Alternative Fuels Outlook For Shipping

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  • 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

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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

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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?

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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/

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