Brazil, India, Argentina and Saudi Arabia have delivered a joint submission to the International Maritime Organization (IMO) to delay a 2050 greenhouse gas (GHG) emissions target for the shipping industry.
The draft global agreement, to reduce GHG emissions by 2050 and achieve a zero carbon sector by 2075, was due to be finalised in April, according to Climate Home News.
The group proposed to delay developments to: “No later than in the second half of this century”.
According to Paulo Chiarelli, director of climate change at the foreign ministry of Brazil, developing countries will be hit hardest by the transition cost of moving towards a low carbon shipping sector.
The proposed strategy should “give a signal to the private sector that the transition is inevitable,” and “the trade in food and food security should not be threatened in any way by whatever measures the IMO agrees,” he says.
Photo credit: Climate Home News
Published: 12 March, 2018
A combination of efforts has led to the Russian firm reducing fuel consumption by 648 mt last year.
‘What TECO 2030 is doing is pioneering work that has the potential to change shipping, cut emissions and create new jobs in northern Norway,’ says Minister of Trade and Industry.
Two major shipping names continue their journey to decarbonization within a growing community dedicated to sustainable future marine fuels.
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Collaboration led by Wärtsilä involves Aker Solutions, Equinor, DFDS, Grieg Star and Kvaerner.
The first, BIMCO's EEXI Transition Clause 2021, was published on Tuesday (7 December) and is now ready for insertion into time charter parties.
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Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
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