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Between 2000 and 2019, emissions from the aviation sector have risen faster than those from rail, road or shipping – in 2024 alone, GHGs jumped by 5% – while efforts to decarbonize the aviation industry have made little progress. In aviation, there are no silver bullets to decarbonization. Others have struck a more hopeful note.
At the heart of this transformation lies a bold but pragmatic approach to port and vessel decarbonization. Through the “ Our World, Our Future ,” sustainability strategy, we are committed to decarbonizing our port terminals, logistics, and marine services by 2030. Achieving net-zero emission by 2050 is our north star.
Billion (USD$2 billion) Renminbi denominated (RMB) Syndicated Term Loan Facility, with proceeds to be used to support its decarbonization efforts, as well as for general corporate purposes. The company is a significant supplier to China’s steel industry, shipping more than 190 million tonnes of iron ore annually.
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.
As heavy industry and transport sectors race to decarbonize, low-carbon hydrogen emerges as a promising zero-emission fuel, offering an alternative to battery electric vehicles for heavy transport while powering hard-to-abate industries from steel manufacturing to chemical production.
Among the key actions outlined in the document was a plan by the bank to engage over the next 12 months with all of its existing corporate and investing banking (CIB) clients identified as priority clients whose emissions reductions will be essential to reaching Standard Chartereds 2030 interim net zero goals.
Skip to main content The Iberian green industrial opportunity: Carbon capture and storage July 10, 2025 | Article Carbon capture and storage could play a critical role in decarbonizing hard-to-abate industries in the Iberian Peninsula. billion tons by 2030. billion tons by 2030. percent, dropping to around 0.8 3 Assuming a 4.3
This week in ESG news: European Central Bank warns against watering down EU sustainability reporting rules; CDP restructures, aims to reduce sustainability reporting burden for companies; Shell faces new legal action over new oil & gas projects; Germanys Merz looks to scrap EU sustainability due diligence law; Microsoft signs carbon credit mega-deal; (..)
Ibrahim Muritala is Global Hydrogen Lead at the American Bureau of Shipping (ABS). Green hydrogen is being positioned to play a critical role in decarbonizing hard-to-abate sectors of the economy. The concept of a green hydrogen economy to decarbonize industries is not new.
Etsy takes aim at shipping and packaging in setting 2030 net-zero goal. The ambition is part of the company's net-zero carbon emissions by 2030 goal, which it set in February. . “I percent absolute reduction in Scope 3 greenhouse gas emissions by 2030, including seller shipping and fulfillment. Deonna Anderson.
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.
BP, Shell, oil giants fund research into mobile carbon capture from ships at sea. Expanding carbon capture to long-distance marine shipping could help accelerate its use, while addressing a difficult to abate sector of the transport industry.". Expanding carbon capture to long-distance marine shipping could help accelerate its use.
Amazon's plans to decarbonize its shipping supply chain isn't just focused on electrifying its delivery vans. Amazon has pledged to reach net-zero carbon emissions by 2040, and says it will make sure half of Amazon shipments are net-zero by 2030. Amazon to buy bio jet fuel to lower air cargo emissions. Katie Fehrenbacher.
The deal shows how companies are increasingly paying attention to ways to decarbonize transportation including buying more zero-emission commercial vehicles. Mercedes-Benz, a subsidiary of Daimler, has been a longtime partner of Amazon, as well as global shipping companies. However, those were internal combustion vehicles.
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.
The agreement will ensure a level playing field and make sure that fuel suppliers, ships and maritime operators will have sufficient time to adapt for the new conditions so the maritime sector will deliver on the climate targets.” The post EU Lawmakers Announce Deal to Decarbonize Maritime Shipping appeared first on ESG Today.
The Transform to Net Zero initiative launched Tuesday will see members of the coalition — which also include Danish shipping giant Maersk, Indian information technology company Wipro and Brazilian beauty company Natura & Co — collaborate on research, guidance and roadmaps to help businesses slash their carbon emissions in line with a 1.5
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.
By 2030, 100 percent of those new purchases will be ZEVs. . Decarbonizing FedEx's airline fleet will be even more difficult than moving its trucks to batteries. The company has a goal to move its 700-plane airline fleet to 30 percent sustainable aviation fuel — made from bio sources instead of fossil fuels — by 2030.
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.
National Blueprint for Transportation Decarbonization on Tuesday, its multi-department set of strategies and actions aimed at eliminating nearly all emissions from the U.S. National Blueprint for Transportation Decarbonization. The Biden administration released the U.S. transportation sector by 2050. domestic GHG emissions.
Right now, the corporate gold standard is net zero well before 2050, and companies at the net-zero forefront are saying that they want to halve their Scope 1, 2 and 3 emissions by 2030. But there are a lot of industrial operations where commercially available solutions for decarbonizing do not yet exist. Charting a course to 2050.
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.
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.
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.
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.
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. million vehicles — by 2030.
Dry bulk ship owner Berge Bulk announced the launch of its 210,000 Metric Tons Deadweight vessel, Berge Olympus, retrofitted with four BARTech WindWings by Yara Marine Technologies, that use wind power to reduce fuel consumption and CO2 emissions. Yara’s WindWings, each possessing an aerodynamic span of 37.5
As part of its NZBA commitments, the bank has set 2030 net zero alignment targets on ten emissions-intensive sectors to date, including Oil & Gas, Thermal Coal, Power, Commercial Real Estate, Cement, Steel, Aluminium, Automotive, Shipping, and Aviation, and completed work on the Agriculture and Residential Real Estate sectors.
Maersk said that it intends to purchase the full volume of green methanol produced, with options for the output of subsequent facilities at other locations, forming part of the company’s fleet decarbonization efforts. The company has also introduced a principle of only ordering newbuilt vessels that can be operated on green fuels.
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.
Logistics and shipping giant Deutsche Post DHL Group announced today that it is expanding its supply chain emission reduction service, GoGreen Plus, to road transport through its overland freight transport solutions division, DHL Freight. The post DHL Launches Decarbonization Service for Road Transport appeared first on ESG Today.
The shipping industry accounts for approximately 3% of global greenhouse gas emissions, and is facing increasing pressure to address its climate footprint, as companies look to decarbonize their supply chains, and regulators and governments introduce rules to reduce the sector’s emissions.
Volvo Cars announced a new climate-related commitment, unveiling a new aim to reduce CO2 emissions per car by 75% by 2030, compared to a 2018 baseline. What we and other like-minded companies are trying to do is develop and scale up transformational technologies to decarbonize sometimes ancient industrial processes.”
Logistics giant Deutsche Post DHL Group announced today the launch of its GoGreen Plus service for its international courier division DHL Express, enabling customers to address Scope 3 emissions from shipping through the use of sustainable aviation fuel. DHL’s targets include using at least 30% of SAF blending for all air transport by 2030.
Singapore-based financial services group DBS announced today a series of 2030 sectoral decarbonization targets aimed at cutting the emissions footprint of the company’s finance and investment activities in key carbon-intensive sectors, in alignment with its 2050 net zero goal.
small and medium-sized enterprises (SMEs), enabling SMEs to address their emissions from shipping through the use of sustainable aviation fuel (SAF). DHL’s targets include using at least 30% of SAF blending for all air transport by 2030.
According to Maersk, the deal marks first large scale green methanol offtake agreement for the global shipping industry, and will enable low carbon operations for the company’s first 12 large methanol-enabled vessels. Rabab Raafat Boulos, Chief Infrastructure Officer at Maersk, said: “A.P.
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.
By 2030, there could be a half-trillion such devices "at the edge" of the digital networks driving business innovation around the planet, Applied Material President and CEO Gary Dickerson noted last week in a keynote address during a virtual edition of the industry’s annual conference, SEMICon West. .
The hydrogen required will significantly contribute to bringing down the cost of this zero-carbon fuel, which in turn can help the economy to address emissions from other sectors such as aviation or shipping.
In Stephenville, Trudeau called the bilateral commitment to build a trans-Atlantic hydrogen supply chain by 2030 a historic moment, CBC reports. “We We must look to resources like hydrogen which can and will be clean and renewable. We can be the reliable supplier of clean energy a net-zero world needs,” he said. “We
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.”
Energy giant bp announced today an expansion of its investment in biofuels startup WasteFuel with a new $10 million commitment, alongside an agreement to collaborate with the company on improving bio-methanol production yields & economics, with a particular focus on decarbonizing the maritime shipping sector.
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