net-zero emissions

MOL Launches New Plan To Achieve 2050 Emission Targets

Mitsui OSK Lines, in their press release, has announced the establishment of “MOL Group Environmental Vision 2.1” as a guide to achieve net zero GHG emissions by 2050 and realizing a sustainable society.

Keeping GHG emissions at check

MOL strives to reduce greenhouse gas (GHG) emissions generated by its business activities and by society at large, and is working closely with leading companies and industries to become a game changer in clean energy supply chains.

The new vision is an upgrade to “MOL...

https://mfame.guru/mol-launches-new-plan-to-achieve-2050-emission-targets/

UPS sets sights on 30% sustainable aviation fuel by 2035

UPS announces ESG goals for 2035.

UPS Inc. (NYSE:UPS) — like many shipping and delivery companies — has a goal to reach net-zero emissions by 2050, including scope 1, scope 2 and scope 3 emissions. 

But how will UPS get there?

At an investor and analyst conference Wednesday, UPS shared some medium-term environmental, social and governance goals for 2035 that will move the company closer to net-zero emissions.

1. UPS will reduce CO2 emissions by 50% per package delivered for global small package operations by 2035, using 2020 as...

https://www.freightwaves.com/news/ups-sets-sights-on-30-sustainable-aviation-fuel-by-2035

World’s First Zero Emission Ferry Starts Its Construction

  • The construction has commenced on the world’s first fully electric passenger fast ferry.
  • The location is at the Fjellstrand shipyard in Norway.

The construction has commenced on the world’s first fully electric passenger fast ferry at the Fjellstrand shipyard in Norway, partners in the EU-funded TrAM project said, says an article published in Offshore Energy.

Vessel Design

Equipped to carry around 150 passengers, the catamaran vessel will be 31 metres long and will have a nine-metre beam.

It will...

https://mfame.guru/worlds-first-zero-emission-ferry-starts-its-construction/

White Paper: Net-Zero Carbon is More Than a Cause

More than 7% of global greenhouse gas emissions come from the freight industry — an industry whose overwhelming reliance on fossil fuels makes its progress toward net-zero emissions a heightened priority for transportation companies and regulatory bodies. Because environmentally sustainable options haven’t been readily available and industry buy-in is still fragmented, the path forward is murky.

To understand the freight industry’s current sentiment, practices and strategic plans around...

https://www.freightwaves.com/news/white-paper-net-zero-carbon-is-more-than-a-cause

How Blume Global reached net-zero emissions

Blume Global announced it is carbon neutral.

As companies face increasing pressure from customers and investors to decarbonize and pursue greener operations, cloud-based logistics company Blume Global joined industry leaders by announcing it is carbon neutral on Monday.

In addition to implementing emission-reduction strategies, Blume Global is purchasing carbon credits to offset the 1,805 tons of CO2 it emitted in 2020, which is the amount of CO2 that 393 passenger vehicles emit in a year.

The focus of Blume Global since its launch has been...

https://www.freightwaves.com/news/how-blume-global-reached-net-zero-emissions

IEA Report Says ‘No New Fossil Projects’ To Reach Zero Emissions Target

  • Global oil demand to shrink by 75% under net-zero scenario
  • IEA still expects oil demand to recover from pandemic hit
  • OPEC market share would jump, revenues slide under net-zero shift

The International Energy Agency has said the world needs no new oil and gas developments and global oil demand would collapse by 75% under an energy scenario needed to put the world on a path to net-zero emissions by 2050, reports Platts.

Net Zero by 2050

Climate pledges by governments to date – even if fully...

https://mfame.guru/iea-report-says-no-new-fossil-projects-to-reach-zero-emissions-target/

Schneider targets 60% drop in CO2 emissions per mile by 2035

Schneider shares sustainability goals in its first corporate responsibility report.

Schneider National (NYSE: SNDR) is driving toward a 7.5% reduction of CO2 emissions per mile by 2025 and a 60% reduction of CO2 emissions per mile by 2035. 

Sustainability goals were laid out in the trucking, logistics and intermodal service provider’s first corporate responsibility report, which was published Wednesday.

A Schneider spokesperson told FreightWaves an expansion of zero-emission vehicles and improved diesel efficiency will help the company reach these emissions-intensity goals.

“We’ll...

https://s29755.pcdn.co/news/schneider-targets-60-drop-in-co2-emissions-per-mile-by-2035

Are carbon offsets effective?

AskWaves considers how effective carbon offsets are at compensating for emissions.

Many supply chain companies are setting net-zero emissions goals for 2050 or sooner to lessen the transportation industry’s greenhouse gas (GHG) emissions.

How will companies get to net-zero?

Implementing aggressive emission-reduction strategies and adopting green technologies are great tactics, but they also require large investments, especially in the fossil fuel-reliant industry of freight transportation. A common alternative is to voluntarily purchase inexpensive carbon offsets, hoping that...

https://s29755.pcdn.co/news/are-carbon-offsets-effective

+ More