Japanese duo backs use of new environmental credits for Scope 3 emission cuts in transport
One of Japan’s largest shipping companies has teamed up with a major trading company to decarbonise the transportation sector through the use of Environmental Attribute Certificates (EACs), it announced Friday.
Read MoreJapanese shipping sector faces growing legal risks amid LNG fleet expansion, report says
Japan’s shipping majors are facing growing financial and environmental risks, as they continue expanding their fleets of liquefied natural gas (LNG) carriers, a new report has argued.
Read MoreStudy proves superior potential of CO2 utilisation over storage on ships
A CO2 utilisation pathway outperformed permanent storage for emissions savings in a study about onboard carbon capture and storage (OCCS) on ships.
Read MoreSpain and Denmark lead in shipping e-fuels potential, but regulatory gaps stall progress -report
Spain and Denmark are leading the development of green hydrogen and e-fuel projects for maritime use, though a lack of regulatory certainty is holding back progress, according to new research published Thursday.
Read MoreINTERVIEW: Biomethanol startups coming to the rescue of Europe’s chemical industry
The beginnings of a cleaner chemicals industry are starting to take shape in Europe, with new plants coming online in the next few years expected to reduce lifecycle emissions 80% compared to fossil-based production.
Read MoreUS biofuel groups seek to work with Trump administration on maritime fuels
US biofuel groups that previously urged the Trump administration to support a potential international maritime carbon pricing system have launched an initiative designed to work with the executive to establish the country as a major supplier of biofuels for the global maritime sector.
Read MoreChina marine economy reforms could advance sector’s emissions peak by up to six years, researchers find
China’s marine economy could peak its greenhouse gas emissions up to six years earlier than current policy trajectories and at substantially lower levels if authorities pursue a sustainability-oriented development pathway, according to new research that presents the first integrated framework for assessing decarbonisation options across the country’s ocean-based sectors.
Read MoreShipping financiers report greater alignment of portfolio vessels with IMO targets in 2025
Institutions providing or arranging capital for maritime shipping, representing nearly three-quarters of global shipping finance, have reported increasing alignment between the GHG intensities of the vessels in their portfolios and International Maritime Organization (IMO) net zero targets.
Read MoreGlobal maritime emissions climb despite efficiency gains, OECD says
Global maritime CO2 emissions rose 9.3% between 2019 and 2024 as post-pandemic economic expansion and higher transport intensity offset improvements in vessel fuel efficiency, new analysis shows.
Read MoreCaribbean SIDS prepare for costlier transition from net zero shipping uncertainty -panel
A group of economic experts warned on Thursday that small island developing states (SIDS) in the Caribbean face a number of economic challenges now that the global commitment to decarbonise shipping – an initiative that the countries supported – will be delayed for a year.
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