US-based transportation and logistics company Matson has committed to reducing fleet greenhouse gas (GHG) emissions by 40 percent by 2030 and achieving net-zero fleet GHG emissions by 2050.
During the COP26 in Glasgow, Nigerian President Muhammadu Buhari has pledged Nigeria will cut carbon emissions and reach net-zero by 2060.
U.S. government is proposing measures to cut methane emissions resulting from oil and gas operations as part of Biden’s commitment to action on climate change.
Inclusion of shipping in the EU Emissions Trading System (EU ETS) will encourage shipping’s journey towards decarbonisation but EU action threatens to undermine broader international progress if the ETS extends outside of the EU, World Shipping Council (WSC) said.
McDermott has signed a MOU with Shell to collaborate on decarbonising construction and building a pathway to a net-zero carbon future.
A report by the International Chamber of Shipping (ICS) and the environmental consulting company Ricardo has pointed out that massive scaling up of finance for research and development (R&D) is essential to achieve zero-carbon emissions by 2050 in the shipping industry.
EDP Renewables (EDPR) has become a major shareholder in Singapore-based solar energy company Sunseap, having acquired the stake of 87.4% to reinforce its presence in the Asia-Pacific region.
The Port of Gothenburg and Norwegian energy company Statkraft have revealed plans to construct a hydrogen production facility at the port, with operations due to commence in 2023.
New research led by the University of Plymouth has shown that tidal stream power has the potential to deliver 11% of the UK’s current annual electricity and play a significant role in the government’s drive for net-zero.
A recent study jointly developed by Dutch Port of Amsterdam and classification society DNV has concluded that ports looking to supply new zero or carbon-neutral fuels to ships will need to pay special attention to spatial safety when planning ahead for locating and building bunkering infrastructure.
Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US. In Europe, the UK a
European shipowners have supported a dedicated fund to be set up under the EU Emission Trading Sustem (EU ETS) to stabilise the carbon price.
Maritime industry is in danger of losing out on a huge opportunity to make gains in tackling the climate emergency, by only focusing on a narrow set of measures and having a preoccupation with new fuels.
ExxonMobil has signed a memorandum of understanding (MoU) with Pertamina to assess the potential for large-scale deployment of low-carbon technologies in Indonesia.
