MAN Energy Solutions signs with Spire to accelerate digitalisation strategy

MAN Energy Solutions has selected Spire Global, Inc., a global provider of space-based data, analytics and space services, to provide weather data and real-time automatic identification system (AIS) vessel-tracking data. According to McKinsey & Co, the shipping industry can decrease fuel consumption by 1% through optimised vessel execution and performance management mechanisms, utilising AIS and

G20 economies need to invest $35 tn more to achieve net-zero

G20 economies would need to invest about an estimated $35 trillion this decade, over and above the current spending, to be on track to reach net zero greenhouse gas emissions by 2050, a study by McKinsey said. A report on this was released on the sidelines of the B20 summit. While G20 economies have made

Clean hydrogen is opportunity for countries with abundant hydrocarbon resources

Hydrogen could play an important role in helping hard-to-abate sectors meet climate targets. Countries with hydrocarbon resources and industry expertise can help build and scale the needed technology. According to McKinsey research, total hydrogen demand can reach 600 to 660 million tons by 2050, abating more than 20 percent of global emissions. That said, realizing

Sustainability: Technology is key to achieve decarbonization goals

Of late, governments across the world are aggressively considering and unveiling plans to bring in to force sustainability initiatives and decarbonization targets to realize net-zero emissions by 2050 or before. A majority of the nations which have committed to achieve carbon neutrality by 2050 target date are smoothly moving forward on that path.  Innovative and technological-driven ideas

Mærsk  teams up to advise in defining  decarbonisation roadmap and strategy

To accelerate the maritime decarbonisation journey, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) is teaming up with Maersk Broker Advisory Services and McKinsey & Company to offer data-based advisory services on decarbonisation pathways. The service called ‘Fleet Decarbonisation Optimizer’ combines deep industry knowledge and techno- economic analytical capabilities across the three

India may need to spend 11% of GDP to meet NetZero Goals: McKinsey

India may need to invest about 11% of Gross Domestic Product (GDP) over the next three decades as the world makes the transition to the goal of net- zero emissions by 2050, compared to the global average of about 7.5 per cent of GDP, according to consulting firm McKinsey. In a study released on Tuesday,

Fossil fuel firms among biggest spenders on Google ads

Fossil fuel companies are among the biggest spenders on Google ads that look like search results, revealed a joint study by The Guardian and InfluenceMap, a think-tank that tracks the lobbying efforts of polluting industries. As part of the study, 78 climate-related terms were searched on Google and it was found that one in five