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In the race to drastically cut emissions in shipping, one of the industry's biggest names, Samsung Heavy Industries, is teaming with fuel cell company Bloom Energy to develop a more sustainable fuel designed to meet steep international targets. Both companies have a shared vision of powering ships with fuel cells.
They could have an amazing impact on accelerating decarbonization, but theyve decided not to do it. They could have an amazing impact on accelerating decarbonization, but theyve decided not to do it. If they are going to be there only to be obstructors, and only to put spanners into the system, they should not be there. Is it perfect?
World’s largest cruise company is first in cruise sector to join research and development center committed to facilitating and accelerating decarbonization of the global shipping industry. DESCRIPTION: Carnival Corporation Joins Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. SOURCE: Carnival Corporation & plc.
Setting the Course: DP World’s Net-Zero Roadmap To tackle the climate crisis with ambition and accountability, DP World committed to a clearly defined and science-based decarbonization pathway. By 2050, the goal is net-zero emissions across the full lifecycle of our end-to-end shipping and logistics services.
Moller – Maersk and Amazon announced today an agreement for ocean shipping utilizing low to very low GHG emissions biofuels in place of fossil fuels. in 2022 despite growing revenues by 9%, with emissions cuts driven by areas including building construction, leased buildings and equipment and third-party transportation.
Decarbonization and Smart Logistics at DP World DP World has a clear vision for decarbonization, with ambitious goals to reduce emissions and lead the logistics industry toward a more sustainable future.
In a significant move towards a more sustainable future, DP World and the International Renewable Energy Agency (IRENA) are joining forces to accelerate the use of renewable energy and decarbonize the ports, maritime, and logistics sectors. The maritime sector is one of the most challenging industries to decarbonize.
announced the publication of its 2022 Sustainability Report offering a transparent disclosure of company strategies, actions, and achievements in sustainability management. TAIPEI, Taiwan, September 14, 2023 /3BL/ - Acer Inc.
Energy provider Ørsted announced today its first-ever blue bonds offering, raising €100 million with proceeds aimed at financing the company’s ocean biodiversity and sustainable shipping initiatives. The post Ørsted Issues Inaugural €100 Million Blue Bonds to Finance Biodiversity, Sustainable Shipping Projects first appeared on ESG Today.
DESCRIPTION: Energy transition is one of the most important topics of 2022. Global Energy Transition 2022. Type: In-person Date: 14-15 June 2022 Location: Brooklyn, NY, USA. NTNU Energy Transition Conference 2022. Type: In-person Date: 29 March 2022 Location: Trondheim, Norway. Decarbonizingshipping.
DESCRIPTION: 3M is expanding research and development into emerging technologies focused on decarbonization and renewable fuels. This form of hydrogen could offer a solution for sectors that are hard to decarbonize, such as steel and long-haul transport. SOURCE: 3M. Leveraging support from the U.S.
When you look at the oil industry’s efforts to decarbonize, the results are lacklustre. By our count in 2022 – seven years after the Paris Agreement – the vast majority of oil companies still earn less than 1% of their revenue from renewable sources. In 2022, Total’s green energy resources accounted for a negligible 1.3%
The coal mines make Teck the second-largest ship-based exporter of metallurgical coal in the world. In 2022, Teck produced 21.5 The majority of the coal is shipped from B.C. ports to steel companies in China, India and other Asian countries. The majority of the coal is shipped from B.C. billion in revenue.
We are happy to provide sustainable ocean solutions for Lenovo to further decarbonize their supply chain. In 2022, ECO Delivery will expand to 3rd party verified emission-reduced logistics and services products to serve customers across the value chain. SOURCE: Lenovo. About Lenovo. About Maersk. Website: www.maersk.com.
In our search for the fuel mix of the future, we have been gathering valuable experience through trials using various biofuels since 2022, and we continue to closely cooperate with experts from industry and science to develop new approaches to continuously reduce emissions,” explains AIDA Cruises President Felix Eichhorn. “In
DESCRIPTION: World's largest cruise company to install air lubrication technology on at least 20% of the ships in its fleet to reduce hull drag, fuel consumption and carbon emissions. The expansion plans build on the success of four systems currently operating on ships from its AIDA Cruises and Princess Cruises brands.
A global challenge, a regional response As the world celebrates World Ocean Day 2024, Indonesia takes center stage for its pioneering efforts towards sustainable shipping. Within the Association of Southeast Asian Nations (ASEAN), a region heavily reliant on maritime trade, the need for sustainable shipping practices is particularly acute.
That conviction resulted in the company’s decision to adopt a series of new policies designed to shore up its environmental, social and governance (ESG) story, including a commitment to use 100 percent renewable energy worldwide by 2030 (by 2022 for its U.S.
DESCRIPTION: Initiative to test biofuels represents another major milestone in company's decarbonization strategy, with AIDAprima from AIDA Cruises becoming first larger-scale cruise ship to be bunkered with blend of marine biofuel, made from 100% sustainable raw materials.
In the climate world, aviation is referred to as a hard-to-abate sector, alongside other heavy industries — shipping, aluminum, cement and concrete, among others — that aren’t easy to decarbonize through redesign or electrification. Japan Airlines said it will start using biofuel made from household waste beginning in 2022.
Noting the impact on governments of the increase in global public debt to 92% of GDP in 2022 from 84% in 2019, and rising interest rates, Yael Selfin, Chief Economist, KPMG in the UK, said “it leaves less room for them to spend on meeting net zero targets.”
MIAMI, August 4, 2022 /3BL Media/ - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, announced the rollout of comprehensive technology upgrades called Service Power Packages across its global fleet to further improve energy savings and reduce fuel consumption.
Port operations are notoriously carbon-intensive; the transportation sector creates one-third of the world’s total greenhouse gas emissions, of which shipping accounts for nearly 3%. On April 4, 2024, we unveiled the first charging station for electric trucks at our terminal on the South Dock of the Port of Callao in Peru.
MIAMI, July 13, 2022 /3BL Media/ - Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, released its 12 th annual sustainability report, detailing the key initiatives and progress made in 2021 toward its 2030 sustainability goals and 2050 aspirations.
But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).
This week in ESG news: Deloitte launches emissions calculator, ESG reporting tools; EU approves new carbon tax on imports; sustainable finance market rebounds in Q1; Apollo launches $4 billion clean energy transition strategy; DHL helps SMEs to decarbonizeshipping; most companies not confident in ESG reporting capabilities, Deloitte survey finds; (..)
DESCRIPTION: VMware recently released its 2022 Environmental Social and Governance (ESG) Report , affirming VMware’s unique approach toward creating a more sustainable, equitable and secure digital world. Read VMware’s full 2022 ESG Report. SOURCE: VMware. Media Contact: corporatepr@vmware.com. Read the Report.
DESCRIPTION: As we look back to Earth Day 2022, and cap a month of focus on our planet, I am reminded of the COP26 collaboration ambitions and the clear message that industry has a critical, active role to play in in advancing action on climate change. by Chris Johnson. SOURCE: Nokia.
8, 2022 /3BL Media/ - Boeing [NYSE: BA] will represent the aviation sector in a global alliance, jointly established by the US Government and World Economic Forum to accelerate clean technologies and reduce carbon emissions. SUMMARY: - Company to serve as ‘aviation sector champion’ in global sustainability alliance.
SUMMARY: Leading utilities show how water sector could become one of the fastest to decarbonize using existing technologies at low cost. DESCRIPTION: WASHINGTON, October 12, 2022 /3BL Media/ – More than 80 water and wastewater utilities worldwide have set net-zero and climate-neutrality targets.
SWORDS, Ireland, November 20, 2023 /3BL/ - Trane Technologies (NYSE: TT), a global climate innovator, today announced a significant milestone for its industry-leading, sustainable climate solutions – with more than one million HVAC units with low-carbon steel shipped to homeowners and commercial customers across the U.S.
DESCRIPTION: Businesses are stepping up for the planet, investing in sustainable solutions and working towards decarbonization faster than any other period. They are moving towards decarbonization in creative and unique ways while offsetting what can’t be mitigated. SOURCE: Cool Effect. Demand for carbon offsets is at an all-time high.
November 8, 2022 /3BL Media/ - To help deliver customer solutions and protect the environment, Entergy Louisiana has expanded its shore power capabilities so that Crowley vessels operating out of the Port of Lake Charles have a more sustainable and low-emission option while docked. SOURCE: Entergy Corporation. DESCRIPTION: LAKE CHARLES, La.,
Tom Rose felt like he was in a blockbuster movie when, on August 23, 2022, a cavalcade of black Suburban SUVs pulled into his town of Stephenville, Newfoundland, and disgorged the chancellor and vice-chancellor of Germany, the prime minister of Canada and a mass of other dignitaries. Kumar believes better carrier methods are on the horizon.
In a new report from the Intergovernmental Panel on Climate Change (IPCC) released April 4, 2022, scientists from around the world examined the latest research on efforts to mitigate climate change. The systemic changes under way in the transportation sector could begin lowering that emissions footprint.
Thanks to converging forces — including supportive policies, dropping battery costs and aggressive climate goals — transportation leaders at large and small organizations are increasingly turning to new zero-emission and low-carbon options that decarbonize fleets and in some cases save money. Shipping & Logistics. Fleet Management.
or less in line with the Paris Agreement, it is essential to decarbonize our economy by 2050. And there is no decarbonizing our economy without decarbonizing buildings. According to the World Business Council on Sustainable Development (WBCSD), in order to limit global warming to 1.5C
As a ‘drop-in’ fuel, SAF can be blended up to 50 per cent with conventional jet fuel and offers an important way to quickly decarbonize aviation with existing aircraft in use around the world.”. Originally published on November 16, 2022. Blog Newsletter URL. Distribution Settings Markup. Date and Time are ET.
Metals technology company Boston Metals announced today that it has raised $262 million at the close of its Series C fundraising, with proceeds from the financing to be used to accelerate its platform enabling decarbonized steelmaking. The company announced the first close of the funding round in January at $120 million.
DESCRIPTION: April 22, 2022 /3BL Media/ A 2.5-megawatt Accelerating decarbonization through partnerships with companies like Hysetco is key to Cummins’ Destination Zero strategy,” said Piet Berens, Cummins’ Managing Director – Electrolyzers. “We SOURCE: Cummins Inc. megawatt (MW) electrolyzer from Cummins Inc. About Cummins Inc.
Lenovo took initiative to support its customers in managing IT-related greenhouse gas (GHG) emissions by launching the CO 2 Offset Service in May 2022. To calculate credits, Lenovo estimates CO 2 emissions over the average lifecycle of devices, from manufacturing to shipping, use and disposal. until October 2022 **Source: [link]
The publication includes new targets for emissions reductions from financing carbon-intensive sectors including coal mining, cement and shipping, as well as new goals for emissions reporting from supply chain vendors and for energy consumption reductions in the bank’s own operations.
“We are extremely proud of our 2024 Global 100 rankings and, guided by our purpose to boldly challenge what’s possible for a sustainable world, look forward to driving continued investment in sustainable innovation – accelerating decarbonization of buildings and the cold chain.”
From trains to trams, streetcars, cars, trucks, planes, hulking container ships, elevators, and high-speed rail, the sprawling narrative of urbanization tracks the powerful trajectory of transportation technology, and its capacity to collapse distance, turbo-charge trade and alter the global environment.
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