Newbuilds returning to LNG amid green methanol shortages

The World Economic Forum estimates that since 90% of global trade occurs in the ocean, seagoing boats are responsible for nearly 3% of global greenhouse gas emissions. Although there are differing views on how to do this, the shipping industry is committed to stepping up its efforts to reach the Global Maritime Forum’s aim of

AM Green Kakinada cluster joins the WEF’s transitioning industrial clusters initiative

AM Green Kakinada Cluster has joined the World Economic Forum’s (WEF) “Transitioning Industrial Clusters Initiative” aimed improving collaboration and develop a shared vision among co-located companies and public institutions with the goals of driving economic growth, employment and reducing CO2e emissions. By joining the WEF Transitioning Industrial Clusters initiative, AM Green Kakinada Cluster aims to

The future of jobs is green says WEF report

The future of work and the future of jobs continue to generate a huge amount of discussion. From the pandemic upending how, where and why we work, to the rise of automation and generative AI, people have rightly dived into conversations on everything from “quiet quitting”, “rage applying” to “the great reshuffle”. But while these

Fortescue expects renewables to play major role

Fortescue, one of the five largest iron producers in the world, expects renewables to play a very big part of our overall earnings in the future. Speaking at the World Economic Forum in Switzerland, former Fortescue chief executive officer Elizabeth Gaines said the company would continue building its iron ore business, but the scale of

Global experts to power up TN’s green hydrogen policy

Tamil Nadu’s green-hydrogen policy, announced in the Assembly last year, may be taking shape at World Economic Forum (WEF) in Davos.According to sources, eminent panellists from global energy industry would be sharing ideas on the proposed policy at a roundtable titled “Tamil Nadu: A Green Ecosystem for Investments in Clean Energy Supply Chain’’ at Tamil

Getting to Zero Coalition proposed additional support system under EU ETS

The Getting to Zero Coalition has proposed the inclusion of an additional support system under the EU’s emissions trading scheme (EU ETS), that would see a portion of EU ETS revenues reinvested into alternative marine fuel projects, to narrow the price gap between conventional and alternative bunker fuel options. The alliance, which is spearheaded by

What is the pathway for carbon neutral shipping?

With decarbonisation much in the public eye, shipping is currently and perhaps belatedly trying to find the best pathway to carbon neutral fuels. Shipping greenhouse gas (GHG) emissions as a proportion of global GHG anthropogenic emissions increased from 2.76% in 2012 to 2.89% in 2018, according to the Fourth IMO GHG Study 2020. To put