Aviation accounts for 3% of the world’s CO₂ emissions into the atmosphere. In other words, airplanes are direct contributors to climate change. That’s why almost the entire sector is making efforts to innovate and research sustainable fuels. Gulfstream Aerospace has made history by completing the world’s first transatlantic flight using 100% sustainable aviation fuel (SAF)
Carbon capture and storage has become a key plank of the Canadian oil and gas sector’s decarbonization goals, but a new report from the International Energy Agency warns against banking on the technology as the planet continues to warm. In a report released recently, the Paris-based IEA said oil and gas companies need to start
In late September, Zimbabwe’s environment minister signed away control over a staggering amount of land — almost 20% of his country — to a little-known foreign company. Blue Carbon was a small, new outfit, not even a year old, but its chief was no fledgling entrepreneur: he was an Emirati royal whose family had ruled
Japanese liner Ocean Network Express (ONE) is trialling wind propulsion with Dutch firm Econowind. The magenta-branded containerline is set to install two containerised wind assist devices, known as VentoFoil containers, on the Kalamazoo, a 1,036 teu feeder vessel operating between Busan, Yokohama, and Honolulu. The trial, scheduled to begin in January 2024 and run for
After a two-year battle for control of the Antwerp tanker giant, Famatown Finance, John Fredriksen’s finance vehicle, along with Frontline, his tanker firm, announced a deal with the Saverys-controlled Compagnie Maritime Belge (CMB) last month whereby 24 Euronav VLCCs will be handed over to Frontline for $2.35bn in return for Fredriksen backing away from his
Countries’ current emissions pledges to limit climate change would still put the world on track to warm by nearly 3 degrees Celsius this century, according to a United Nations analysis released recently. The annual Emissions Gap report, which assesses countries’ promises to tackle climate change compared with what is needed, finds the world faces between
The agreement between Maersk and Chinese developer Goldwind, a global leader in clean energy, marks the first large scale green methanol offtake agreement for the global shipping industry. The deal significantly de-risks the initial stages of Maersk’s net-zero journey and supports expectations for a competitive green methanol market towards 2030, says a release from Maersk.
CMRL (Chennai Metro Rail Limited) was presented with the esteemed International Green World Award at a ceremony in Miami, Florida. The Green World Awards are one of the world’s most esteemed environmental award programmes. The Green World Award represents the CMRL’s recognition and commitment to its positive environmental impact. CMRL has adopted various environmentally friendly
When you’re a celebrity or a millionaire, hopping onto your sleek private jet for a 17-minute journey to avoid a 45-minute car ride might seem like a perfectly reasonable thing to do. In the past, big names like Taylor Swift, Kylie Jenner, Steven Spielberg, and more, have all come under scrutiny after their flight emissions
China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and daughter company of China Merchants Heavy Industry (CMHI), has ordered an MAN B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) main engine in connection with the construction of a VLCC (Very Large Crude Carrier). The first such dual-fuel methanol order for the ship type, Dalian Shipbuilding Industry