Halfway through the UN Climate Summit (COP28) which will come to a close on December 12 there is no progress yet on major aspects of negotiating texts including the Global Stocktake, Global Goal on Adaptation, Climate Finance, though participants can take cheer from the fact that the Loss and Damage fund was operationalised on Day
DP World has announced a new sustainability target in India, aiming for at least 60% of the energy required at its terminal operations to come from renewable power sources by 2026. Inspired by the Maritime Vision 2030, DP World’s dedicated sustainability efforts mirror the Indian government’s commitment towards achieving 60% green power sourcing for the
The Institute of Company Secretaries of India (ICSI) is working on international standards on sustainability and will unveil them soon, its president Manish Gupta said. Speaking at the inauguration of the institute’s third centre of corporate governance, research, and training in Kolkata, he said the decision to develop such international standards is in line with
The first-ever global stocktake is set to conclude at the COP28 climate summit at the end of this year, the United Nations has said. In the first week of COP28, the draft text for Global Stocktake was formed that called for the phasing out of all fossil fuels. It proposed options for the phase-out of
India is considering curbing ethanol production from sugar cane as the world’s largest consumer of the sweetener battles domestic shortages. Authorities are studying a proposal to restrict the use of sugar-cane juice to produce biofuel for the current season, according to people familiar with the matter, who asked not to be identified as the discussions
A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination. The
The production of sustainable aviation fuel will double to more than 600 million litres this year and rise further to 1.875 billion litres in 2024, according to the global airlines’ grouping IATA. As the global aviation industry works on decarbonisation ways, sustainable aviation fuel (SAF) will play a major role. At a recent conference hosted
ClassNK has issued Approvals in Principle (AiPs) for four cutting-edge ship designs developed by Marine Design & Research Institute of China (MARIC). The four designs – a 210k methanol dual-fueled bulk carrier, a 210k ammonia dual-fueled bulk carrier, a 210k LNG dual-fueled bulk carrier, and an 88k LPG dual-fueled very large gas carrier – represent
The 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change, started on a positive note with the activation of the Loss and Damage Fund (LDF) with an initial commitment of a little over USD 400 million. While this is welcome, it will by no means meet the growing needs of
Rising from the bare expanse of the large salt desert that separates India from Pakistan is what will likely be the world’s largest renewable energy project when completed three years from now. The solar and wind energy project will be so big that it will be visible from space, according to developers of what is