Businesses will struggle to meet netzero goals, AiDash study finds

AiDash has released its Carbon Offsetting in 2023 study that shares key findings from a global survey of more than 500 senior sustainability officers revealing sustainability strategy, carbon management planning, GHG emissions reporting, and more. The study found the majority of businesses will struggle to meet netzero goals without the use of carbon credits, but

ICX formed to explore business opportunities in carbon market

Indian Energy Exchange (IEX) announced setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunities in the voluntary carbon market. ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent and reliable platform and facilitate reduction of global GHG emission by 45% by

Fjord Line rebuilds LNG ships to use MGO

Citing the high cost of LNG, Norwegian ferry operator Fjord Line announced that it is rebuilding its two LGN-fueled passenger ferries for dual-fuel operations. While much of the shipping industry is moving toward LNG for its reduced greenhouse gas emissions, Fjord Line says the cost of LNG has led to a non-sustainable financial situation. Fjord

Mixing water with biodiesel reduces greenhouse gas emissions

Using biodiesel to run truck engines can help reduce automotive greenhouse gas emissions, but the problem is that biodiesel releases more nitrogen oxide emissions than fossil diesel does. It further has a lower calorific value, which means you need more of it in your tank. Scientists say mixing water with biodiesel addresses these problems. You

‘LNG is not a transition fuel, it’s a fuel in transition’

In an exclusive interview with Future Fuels, Steve Esau, Chief Operating Officer, SEA-LNG, shares his views on how Liquified Natural Gas (LNG) can be a potential alternative fuel for maritime industry. Recently, the new build orders for LNG-powered ships have been on the rise. Is this because there are no readily available alternative fuels for

NYK to collaborate with BHP to study green-fueled ships

NYK, the Japanese shipping firm, and BHP, a metals and petroleum company, have agreed to jointly study the next-generation of zero greenhouse gas (GHG) emission ships fuelled by green or blue ammonia. As per the partnership, both the companies will expand and deepen their existing business relationship and to support the decarbonisation of ocean transportation

‘Transition to netzero shipping is a complex challenge’

Mr. Vijay Arora, Managing Director, Indian Register of Shipping (IRS), in an exclusive interview with Future Fuels, reveals how IRS is helping ship owners to face the existing vessel certification challenges and elaborates on the short-, mid-, and long-term measures on path to decarbonisation. Q. What are initiatives taken by IRClass to help Indian ship

IMO moves ahead on GHG emissions, Black Carbon and marine litter

The International Maritime Organization (IMO) in view of the urgency for all sectors to accelerate their efforts to reduce GHG emissions – as emphasized in the recent IPCC reports and the Glasgow Climate Pact – recognized the need to strengthen the ambition of the Initial IMO GHG Strategy during its revision process. IMO’s Marine Environment