Tag: IMO 2050

Climate Bonds publishes draft shipping criteria
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Climate Bonds publishes draft shipping criteria

The Climate Bonds Initiative has published the draft Shipping Criteria, a new science-based assessment process on the low carbon and climate resilient credentials of ships. The Criteria has been developed by a Technical Working Group (TWG) and overseen by an Industry Working Group (IWG) and has now been opened for public consultation period till 26th June...

Fuels of the future
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Fuels of the future

An infographic published by classification society Bureau Veritas (BV) shows the various future fuels that could help the shipping industry to decarbonise in line with the International Maritime Organization’s (IMO’s) 2050 target. The IMO has set an ambitious target of cutting greenhouse gas (GHG) emissions by at least 50 per cent by 2050 from 2008...

Getting to Zero Coalition identifies four focus areas for shipping’s decarbonisation
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Getting to Zero Coalition identifies four focus areas for shipping’s decarbonisation

100 members of the Getting to Zero Coalition convened in Copenhagen for its first biannual working session. The immediate work of the Coalition will focus on delivering action through four workstreams. Commercially viable zero emission vessels need to operate along deep sea trade routes by 2030 to meet decarbonisation targets. This is the ambition of...

Belgium shipowner pledges zero carbon fleet by 2050
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Belgium shipowner pledges zero carbon fleet by 2050

Compagnie Maritime Belge (CMB), one of the oldest Antwerp shipowners, has announced its long-term CO2 reduction strategy, which includes offsetting all carbon emissions from its operations from 2020 and investing into new technologies to operate a zero-carbon fleet by 2050. CMB has been supporting certified climate projects in developing countries and acquiring high quality Voluntary...

Shipping’s decarbonisation to cost over $1 trillion
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Shipping’s decarbonisation to cost over $1 trillion

At least $1 trillion of capital investment in land-based and ship-related infrastructure is required to halve international shipping’s greenhouse gas (GHG) emissions by the IMO’s 2050 target. A new study by UMAS* and the Energy Transitions Commission for the Getting to Zero Coalition has found that an investment of up to $1.9 trillion over the...

ABB delivers zero-emission technology recommendations to US Congress
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ABB delivers zero-emission technology recommendations to US Congress

ABB Marine & Ports has delivered a testimony to the US House of Representatives Committee on Transportation and Infrastructure about the role of marine technologies in cutting global shipping emissions. ABB presented a comprehensive approach to reducing marine emissions at a hearing in front the Subcommittee on Coast Guard and Maritime Transportation. The hearing on...

Transitioning from traditional to alternative fuels
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Transitioning from traditional to alternative fuels

Around 70,000 ships of the 90,000 that make up the global fleet could potentially adopt alternative propulsion solutions such as batteries, fuel cells, hydrogen or methanol fuel, and there is a huge market for these solutions to make a dent in the reduction of greenhouse gas (GHG) emissions from international shipping, says Anders Valland, research...

IMO reports significant progress on GHG emissions reduction work
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IMO reports significant progress on GHG emissions reduction work

The IMO has reported that its Intersessional Working Group on Reduction of GHG Emissions from Ships has made significant progress in pushing forward with work to help achieve the 2050 greenhouse gas (GHG) emissions reduction target. The working group discussed a range of matters relating to the reduction of GHG emissions from ships, including the...

Ammonia and hydrogen are promising future fuels, finds IMO symposium
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Ammonia and hydrogen are promising future fuels, finds IMO symposium

Ammonia and hydrogen are promising fuels of the future to decarbonise shipping, an IMO symposium on sulphur 2020 and alternative fuels heard last week. In order to meet the IMO’s target of cutting greenhouse gas (GHG) emissions by at least 50 per cent by 2050 from a 2008 baseline, the shipping industry must look to...

Shipping trio collaborate to tackle IMO 2050 challenge
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Shipping trio collaborate to tackle IMO 2050 challenge

Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to drive fuel efficient shipping and accelerate the reduction of global greenhouse gas (GHG) emissions from maritime vessels. The three parties have recognised the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines...

ABS to focus on 2030 and 2050 challenges at Nor-Shipping 2019
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ABS to focus on 2030 and 2050 challenges at Nor-Shipping 2019

At Nor-Shipping, classification organisation ABS will focus on its efforts towards meeting the challenges of 2030 and 2050, together with shipping industry partners. Earlier this year ABS opened its Global Sustainability Centre in Singapore to bring together multiple projects around the decarbonisation of shipping. These include studying the viability of alternative fuels and new energy...

IMO Secretary-General calls on Member States for GHG reduction
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IMO Secretary-General calls on Member States for GHG reduction

IMO Secretary-General Kitack Lim has called on Member States and the entire maritime sector to come on board to achieve the ambitions set out in the IMO initial strategy for reducing greenhouse gas (GHG) emissions from international shipping. The IMO strategy aims for at least a 50 per cent cut in GHG emissions by 2050...