To demonstrate the ESP’s commitment to environmental stewardship, social responsibility, and governance practices, and to highlight various initiatives and achievements in reducing carbon emissions and promoting sustainable practices.
Sector: Finance
GHG emissions 2030 in shipping – Analysis of the maximum technical abatement potential
To analyze the greenhouse gas emissions of international shipping based on the fuel life cycle (WtW). The main finding is that global shipping can reduce carbon emissions by half within 10 years with minimal impact on international trade.
According to the report, by 2030, emissions are projected to decrease by 36 to 47 percent compared to 2008 through the use of 5 to 10 percent zero or near-zero fuels, wind assistance technology, and ‘climate optimizing’ of ships.