Shipbroker IFCHOR and carbon market specialist ClearBlue Markets have partnered to offer carbon emissions advisory services to the shipping industry.
IFCHOR ClearBlue Oceans will help clients navigate changing legislation, source high quality emissions offsets as well as structure and execute carbon offset projects or transactions. Through the partnership, the shipping sector will be able to work with an experienced & trusted advisory team and access high quality verified offset registries around the world.
The new service is a response to the growing number of requests for shipowners and operators to offset their direct greenhouse gas (GHG) emissions through voluntary carbon standards. The movement of global trade by sea accounts for around 3 per cent of global anthropogenic GHG emissions.
With tighter regulation and more proactive stakeholder involvement in reducing carbon emissions from shipping, the shipping industry is transiting towards a low-carbon future. It is IFCHOR ClearBlue Oceans’ goal to help participants stay ahead of changing climate policy.
IFCHOR ClearBlue Oceans is offering bespoke short and long-term solutions for shipping clients.
In the short term, the partnership will focus on neutralising carbon emissions. Voluntary offsets are a way of facilitating this today; helping participants to act more quickly and become familiar with carbon pricing.
Over the longer term, IFCHOR ClearBlue Oceans will also assist clients to secure funding for and implement more permanent solutions. These include the use of renewable fuels and carbon capture & storage.
It is IFCHOR ClearBlue Ocean’s objective that its clients be at the forefront of a transition to a low-carbon future. While long-term solutions are on the horizon, action is being increasingly demanded today.
The partnership will structure a variety of offset transactions tailored to a shipping company’s or charterer’s specific needs through its global network of offices and strong relationships with offset project owners, carbon offset suppliers and developers. IFCHOR ClearBlue Oceans sources only high-quality offsets using the most reliable offset standards and registries.
IFCHOR ClearBlue Oceans also advises the shipping sector on the regulatory environment and more specifically on preparing for their future compliance under mandatory carbon pricing regimes.
Trifon Tsentides, director of business development at IFCHOR said: “The combined strengths of a shipbroker and renowned carbon market specialist will help shipowners and charterers alike navigate their way through the complexities of carbon offsetting. From creating plans and strategies, to executing and registering trades, we are providing clients with a complete set of actionable tools to reduce their operational carbon footprint. With emissions from shipping looking likely to fall under mandatory carbon pricing regimes in the future, voluntary pledges allow emitters to build their experience of the carbon markets and make a positive difference from today.”