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The EU Commission on 14 July, 2021 proposed legislation to amend the European Union Emissions Trading Schemeto include shipping emissions.
Classification society released a summary outcome of the International Maritime Organization MEPC 77 remote session held last week.
But expressed disappointment in watering down resolution in order to reach consensus and placate a small but vocal group of opposing countries.
Customers will in due course be able to use other, so-called future fuels such as ammonia, methanol and hydrogen also produced in a climate-neutral manner.
LNG vessel design, in different versions, is ready to accommodate between 5,000 and 7,500 m3 of LNG (gross), and cargo or vapor conditioning systems.
Japanese power firms that operate oil-fired power generation plants started securing fuel oil earlier than the previous year and even lifted purchases of feedstock.
Firm is also investing in green ammonia as a key carbon-free bunker fuel source, but foresees ammonia supply issues due to import limitations.
‘Governments can’t keep kicking the can down the road; every delay moves us further away from reaching pressing climate goals,’ adds Secretary General of ICS.
