Sept 21-23: Global Clean Energy Action Forum
The Global Clean Energy Action Forum (GCEAF) will take place in Pittsburgh, Pennsylvania, September 21 to 23. Attendance is free of charge.
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PortXchange Joins Climate Pledge
PortXchange Products BV is joining the Climate Pledge, an initiative co-founded by Amazon and Global Optimism, which calls on companies and organizations to be net-zero carbon across their businesses by 2040.
Read moreJoint R&D for Ammonia-Fueled Vessels to Reduce GHG Emissions
NYK Line, Japan Marine United Corp. and Nippon Kaiji Kyokai (ClassNK) signed a joint R&D agreement for the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia floating storage and regasification barge (A-FSRB). The joint R&D aims not only to utilize ammonia as a marine fuel but also to
Read moree5 Consortium to Develop Zero-Emission Vessels
Seven companies–Asahi Tanker Co. Ltd., Idemitsu Kosan Co. Ltd., Exeno Yamamizu Corp., Mitsui O.S.K. Lines Ltd., Tokio Marine & Nichido Fire Insurance Co. Ltd., Tokyo Electric Power Co., and Mitsubishi Corp.–have established the “e5 Consortium,” with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize and commercialize zero-emission electric vessels. e5 stands for five
Read moreEquinor Targets Near-Zero Emissions in Norway
Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions (GHG) from its operated offshore fields and onshore plants in Norway by 40 percent by 2030, 70 percent by 2040 and to near zero by 2050. The first phase of the plan to reduce emissions by 2030 means more than 5 million tonnes in annual reductions, representing
Read moreCarbon Risks to Ship Financiers Detailed in Executive Report
An executive report released this month details the complicated relationship of ship-financing banks, their risk premiums and lending portfolios with energy-efficient ship design, split incentives for owners and the monitoring, reporting and verification (MRV) requirements from the IMO and the EU. The report was published by the Carbon Pricing Leadership Coalition (CPLC), an organization geared toward tracking carbon effects on
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