Nearly a decade after the Paris Agreement, the world’s biggest oil and gas companies, including BP and Saudi Aramco, are far from meeting the 1.5°C global warming limit. And they’re making plans to expand.
Fuel/Energy Type: All
Landmark study on offloading onboard captured carbon dioxide identifies low port readiness as key barrier to large-scale commercialisation
A recent study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s Register and ARUP, has identified low port readiness as a major hurdle bottlenecking the adoption of Onboard Carbon Capture and Storage (OCCS) system as a practicable decarbonisation solution.
Training seafarers to use green fuels could cost shipping a billion dollars
Some 800,000 seafarers will need to be ”upskilled” to handle new fuels currently being developed as part of shipping’s decarbonisation journey.
IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard, whilst momentum builds on a universal GHG price (levy), but all options remain on the table
The Sixteenth Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships has just concluded with some progress made on the finalisation of mid-term measures, and without a decisive shift in the landscape of positions and preferences. This meeting was the first convening of the IMO following the adoption of the Revised GHG Strategy in July 2023.
Pressure builds for charge on global shipping sector’s CO2 emissions
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed.
Shipping starts important negotiations on the road to climate goals
A proposal from Norway and others is causing concern in several camps ahead of this week’s meeting of the IMO’s climate committee.
Q&A: BV sees CCS use in shipping picking up
Carbon capture and storage (CCS) in shipping will likely become more common in the next few years as an interim decarbonisation measure for the maritime industry, along with its shift towards using cleaner fuels.
Opposing teams line up for next week’s MEPC
The eighty-first session of the Marine Environment Protection Committee (MEPC) will take place next week where the focus will be on developing legally-binding measures to ensure last year’s milestone agreement to phase out greenhouse gases (GHG) from shipping by 2050 is made possible.
MEPC 81 likely to advance marine deecarbonisation agenda
The Marine Environment Protection Committee 81st session (MEPC 81) is expected to clarify steps to hit net zero targets for the sector, market participants at the Asia Pacific Maritime 2024 conference in Singapore said.
How a universal greenhouse gas price for shipping could future-proof global trade
IMO delegates should seize the opportunity next week at the 81st session of the Marine Environment Protection Committee.