Shipping's Share of Global Carbon Emissions Increases
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down.About 90% of world trade is transported by sea and UN shipping agency - the IMO - aims to reduce the industry’s overall greenhouse gas emissions by 50% from 2008 levels by 2050.The report - the fourth in a series commissioned by the IMO - said shipping's share of global CO2 emissions increased to 2.89% in 2018 from 2.76% in 2012, when the last study period ended.CO2 emissions grew to 1,056 m
New Project Aims to Drive Investment in Fuel Efficient Technologies
The U.K.’s Energy Technologies Institute (ETI) has commissioned a £1.8 million ($2.5 million) project that aims to assist financiers to understand and quantify the benefits in investing in fuel efficient technologies for existing and future vessels. The Vessel Technology Assessment System (VTAS) project, which will develop a practical approach to predict the benefit of a range of carbon abatement/fuel efficiency technologies on marine vessels over real-world usage cycles, will be led by BMT and delivered in partnership with Black & Veatch.
CSL Launches Corporate Sustainability Report
The CSL Group, a global company in marine dry bulk cargo shipping and handling, today released its new Corporate Sustainability Report, featuring highlights of its 2013 sustainability performance and progress. The inaugural report available on the company’s website broadens the scope of CSL’s Environmental Report published since 2008 and includes other priority areas including safety, ethics, employee and community engagement, the workplace, philanthropy and value for customers.
