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Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. Faïg Abbasov, head of shipping at campaign group Transport & Environment, told BusinessGreen the proposal was "essentially an empty shell." "To Cecilia Keating.
VANCOUVER, Canada, December 14, 2023 /3BL/ - DP World , a global leader in integrated supply chain solutions, has endorsed a new Memorandum of Understanding (MOU) aimed at establishing an international green shipping corridor linking Canada’s West Coast with ports in Asia and the Middle East. Lawrence Seaway.
Founded in 2023 by former SpaceX and Varda Space Industries engineers Halen Mattison and Luke Neise, General Galactic is developing a modular hardware platform that captures CO2 and converts it into 100% renewable, synthetic hydrocarbon fuel, that is directly compatible with existing energy infrastructure.
And now, the 2023 federal budget promises $20 billion in new funding for clean power and green infrastructure. The firm found a buyer for the jar lids – which had never touched the contaminated product – and it shipped the peanut butter to an anaerobic digester that converted that waste to biogas, creating low-cost community energy.
Moller – Maersk and Amazon announced today an agreement for ocean shipping utilizing low to very low GHG emissions biofuels in place of fossil fuels. Moller – Maersk, said: “Amazon’s record of securing sustainable shipping over the years, no matter the business climate, is testament to its contributions to building a better future.
DHL’s GoGreen service provides shippers with the option of climate-neutral shipping through investments in internationally recognized climate protection projects to offset emissions generated during transport. DHL’s targets include using at least 30% of SAF blending for all air transport by 2030.
Maritime shipping accounts for around 3% of global greenhouse gas emissions, and are on track to roughly double by 2050 under most economic scenarios. Maritime shipping accounts for around 3% of global greenhouse gas emissions, and are on track to roughly double by 2050 under most economic scenarios.
Global food and beverage company Nestlé announced today a series of agreements enabling the company to shift the equivalent of half of its global shipping needs to alternative, lower-emission fuels, effective immediately. Under the deal signed with Maersk, Nestlé will use Maersk’s ECO Delivery solution for 100% of ocean containers shipped.
Deutsche Bank announced an update to its Long-Term Incentive plan for Management Board members, the most senior executives in the company, with a portion of compensation for the group linked for the first time to the decarbonization of the bank’s corporate loan portfolio, beginning in 2024.
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.
small and medium-sized enterprises (SMEs), enabling SMEs to address their emissions from shipping through the use of sustainable aviation fuel (SAF). DHL rolled out its GoGreen Plus service to DHL Express in February 2023 , starting in the UK, with plans to extend it to other markets in the following months.
Between FY 2009 and FY 2023, FedEx reduced its carbon dioxide equivalent emissions intensity on a revenue basis by 48%, even as volume grew by 121%. In 2023 and early 2024, FedEx Freight in the U.S. in May 2023, FedEx Sustainability Insights is now available in 34 languages and in more than 100 markets around the world.
DHL’s GoGreen service provides shippers with the option of climate-neutral shipping through investments in internationally recognized climate protection projects to offset emissions generated during transport. DHL air cargo customers globally will have the option to use the GoGreen Plus service from June 2023.
But even in the worst case—if all the plants had to run through 2023—they would only produce enough electricity to power Europe for about a week and increase the continent’s emissions in that year by 30 million tonnes, about 1.5% of the EU’s 2031 total.
We continue to implement important initiatives that have kept us ahead of our ambitious goals to reduce emissions, and this new shore power capability will allow our ships to rely on the electrical grid to power our ships while in port.”
When you look at the oil industry’s efforts to decarbonize, the results are lacklustre. A closer look at their capital investments, however, indicates that in 2022 a few key players were earnestly investing in turning that ship around. giant BP, at 1%; Canada’s Suncor, at 0.29%; Shell, at 0.15%; and Norway’s Equinor, at 0.12%.
It also includes an intermediate CO 2 storage and ship loading system at Oslo harbor, from where the CO 2 will be transported to the Northern Lights permanent storage facility on the Norwegian continental shelf. When operational, the carbon capture plant is expected to capture 350,000 metric tons of CO 2 annually. Find out more at slb.com.
The study, KPMG’s Net Zero Readiness Report 2023, was based on conversations with national climate change experts in 24 markets and across 6 economic sectors, examining the steps taken by each to reduce greenhouse gas emissions, and their preparedness to achieve net zero by 2050.
Launched in 2021 , the roadmap includes a series of decarbonization and environmental sustainability commitments encompassing the introduction of more ambitious climate targets and linking executive compensation to ESG goals. Scaling the use of sustainable aviation fuels forms a significant part of DHL’s Sustainability Roadmap.
in 2023, accounting for 410 million tonnes, with aviation contributing about 2% of the total emissions. There’s opportunity there, according to McKinsey’s Elliott Tinnes, Fernando Perez, and Matthew Kandel, exploring the challenges of “Decarbonizing logistics, Charting the path ahead.” What are the facts?
The upgrades include ongoing installations through 2023 on ships from the company’s nine cruise line brands – Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
TAIPEI, Taiwan, September 14, 2023 /3BL/ - Acer Inc. In addition, to reduce carbon emissions in shipping its products worldwide, Acer has partnered with logistics provider Kuehne+Nagel to reduce standard sea containers emissions thanks to biofuel on various routes since Q4’22.
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 partnership underscores our leadership in sustainability and carbon mitigation.
E-diesel in the shipping sector: Prospects and challenge decarbonization (Neuling and Berks 2023). In principle, liquid fossil fuels can be replaced by alternative options such as biofuels or electricity-based fuels (e-fuels).
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.
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
SWORDS, Ireland, November 30, 2023 /3BL/ - Trane Technologies (NYSE:TT), a global climate innovator, will underscore the critical need for adoption of new and existing solutions at scale, accelerated climate policy and transparent emissions reporting during COP28 in Dubai, November 30 – December 12.
SWORDS, Ireland, December 11, 2023 /3BL/ - Trane Technologies (NYSE:TT), a global climate innovator, has been named to the S&P Dow Jones Sustainability World Index for the third consecutive year and the North America Index for the thirteenth consecutive year. The company recently hit two significant sustainability milestones.
It’s an industry you can’t put on the internet; we will need shipping in the years to come, which means we have to ensure it is sustainable in the long term,” says Stephen Fewster, Global Head of Shipping Finance at Amsterdam-headquartered ING Bank. . Hydrogen has very low density, making it difficult to store on large ships.
Released last month, the IPCC’s 2023 Climate Change Report signals that a vast reduction in fossil fuel use is urgently needed to slow global warming and ensure a livable, sustainable future. FedEx is also engaging with consumers and suppliers to offer carbon-neutral shipping and sustainable packaging options.
“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.”
The investment will be made by Brookfield’s $15 billion decarbonization-focused Brookfield Global Transition Fund (BGTF I), and marks Brookfield’s first direct investment in sustainable aviation fuel. billion to accelerate the company’s eFuels platform and its production of synthetic sustainable aviation fuel (eSAF).
With the shipping industry facing ambitious industry goals and strict IMO regulation, how will the shipping industry accelerate decarbonization in North America? There is no silver bullet solution to decarbonization.
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.
Tue, 01/10/2023 - 10:00. Projected to be operational at the end of 2023, LanzaJet’s Freedom Pines Fuels project is the firm’s first commercial-scale SAF plant and will be the first in the world to produce ATJ SAF, which has the potential to lower emissions by at least 70 per cent compared to fossil jet fuel. Type of Content.
As a corporate professional focused on ESG, nature and decarbonization services, as well as the blue economy, I looked forward to gathering first-hand information that would help drive and contextualize this work. The Northern Sea Route is the shortest shipping route between the western part of Eurasia and the Asia-Pacific region.
Their criteria: high wind to generate electricity, industrial facilities to produce hydrogen and a serviceable port for shipping. In August 2023, the nascent project was one of four to receive provincial approval to apply for Crown land. Project Nujio'qonik is now gunning to become Canada’s first commercial producer of green hydrogen.
Decarbonization-focused startup Syzygy Plasmonics announced that it has raised $76 million in a Series C financing round aimed at accelerating the delivery of the company’s low-carbon hydrogen technology. Forward-thinking companies have moved beyond setting decarbonization goals to executing on them.
European Commission President Ursula von der Leyen committed to introduce a new “Clean Industrial Deal” early in her second mandate, aimed at directing investment towards infrastructure and industry, particularly in energy intensive sectors, in order to support the EU’s industrial decarbonization, growth and competitiveness goals.
The finalists were selected from over 400 applications and 63 countries in spring 2023, and presented their ideas to an international jury of experts at the SET Tech Festival. The winners of the 2023 Start Up Energy Transition Award are: Clean Energy & Storage Energy Dome S.p.A.,
With 2023 upon us, we have just seven years left to halve emissions in line with limiting global temperature rise to 1.5°C. Companies continue to decarbonize their own business operations and are increasingly looking at decarbonization across their supply chains. This article originally appeared in Business Green.
What we and other like-minded companies are trying to do is develop and scale up transformational technologies to decarbonize sometimes ancient industrial processes.” Through the first three quarters of 2023, fully electric cars made up 16% of the company’s sales.
This work culminated in a new report, “ Decarbonization Pathways for Paraguay’s Energy Sector ,” published in November of 2021 by the Columbia Center on Sustainable Investment (CCSI), and co-authored by the Quadracci Sustainable Engineering Lab at Columbia University, and Paraguay-based Centro de Recursos Naturales, Energía y Desarrollo (CRECE).
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