Just-in-time port calls could cut 5% of boxship emissions

Global adoption of just-in-time (JIT) port arrivals in the container shipping sector has the potential to diminish emissions by 5%. This reduction translates to roughly 17m tonnes of CO2 emissions annually, according to a recently published white paper. The ‘Untapped Potential of Just-In-Time Port Arrivals’ white paper is based on findings of field trials conducted

Scientists find sustainable aviation fuels could cut emissions

A group of scientists recently conducted extensive tests to evaluate emissions arising from the combustion of sustainable aviation fuels, uncovering a substantial decrease compared to traditional jet fuel. Conducted by researchers from the National Center for Atmospheric Science (NCAS) in partnership with the University of Manchester, the study involved a comparative assessment between standard jet

Deutsche Bank reveals new emissions targets for shipping

Deutsche Bank has announced emissions reduction targets for loans to clients in the shipping, coal mining, and cement sectors with 55% of the bank’s loans now covered with a net zero plan. Deutsche Bank today published its initial Transition Plan and consolidates its path to net zero by 2050. This Plan focuses on the bank’s

Airbus to install new fuel-saving sails for maritime operations

Airbus will equip one of the vessels it uses to transport aircraft subassemblies, chartered from shipowner Louis Dreyfus Armateurs, with a wind-assisted propulsion technology that captures wind energy to generate thrust and, therefore, delivers savings in fuel consumption and CO2 emissions. The eSAIL, developed by the Spain-based firm bound4blue, creates as much as six to

COP28 action agenda aims to cut 22 gigatons of emissions

Sultan Al Jaber, president of the 28th Climate Change Conference (COP28), said the first pillar of this year’s COP action agenda, aims to eliminate 22 gigatons of greenhouse gas emissions in the coming 7 years to meet the 1.5 degrees Celsius warming target. In a speech at the UN Climate Ambition Summit in New York,

It is tough to implement carbon market

An ambition to develop carbon market—the government recently announced a National Steering Committee—is a welcome development. It reflects political and economic maturity to use competition as the preferred option to achieve the desired policy objectives. It is particularly interesting because the tradeable commodity i.e., carbon emission reduction, is a notional construct. It was devised to

Tata Motors aims to achieve netzero emissions by 2045

Tata Motors has pledged to transform its facilities into net-zero greenhouse gas emissions sites by 2045, and it is actively pursuing various technologies, such as electric and hydrogen fuel, to accomplish this goal, as stated by Executive Director Girish Wagh. The organization, valued at $37 billion and holding a prominent position in the commercial vehicle

‘Worthless’ forest carbon offsets risk worsening climate change

More than 90% of rainforest carbon offsets are worthless. These credits are essentially a promise to protect forests and can be bought as a way to “offset” emissions elsewhere. But experts say the claims were “absolutely incorrect”. It shows unequivocally that many projects which have sold what are known as REDD+ (reducing emissions from deforestation

India needs to invest $13 tn to reach net zero by 2050

India currently produces about 70% of its electricity from coal, and the same fossil fuel underpins a range of heavy industries, such as steel, and cement. India will need to invest $12.7 trillion in its energy system, or more than three times its gross domestic product, to reach net zero emissions by mid-century and help

Shippers now preferring green methanol to cut emissions

Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet demand and for costs to fall. The first green methanol-fuelled container ship, owned by A.P. Moller-Maersk, sailed from South Korea in July. The number of such vessels is expected to exceed