PARIS, June 2 (Reuters) - French-based CMA CGM, the world's fourth-largest container shipping group, said on Tuesday it would aim to become carbon neutral by 2050. The company, headquartered in the Mediterranean port of Marseille, also announced in a statement a target for 10% of its energy supplies to be made up of alternative fuels by 2023. CMA CGM, which was citing … [Read more...]
Plan Would Reel International Shipping Emissions Into EU Carbon Market
By Kate Abnett May 26 (Reuters) - The European Union's carbon market could capture a large chunk of emissions from outside Europe if the bloc succeeds in including shipping in the scheme, according to the European Commission's first report on maritime CO2 emissions. Pollution from ships plying international waters typically escapes countries' domestic emissions-cutting … [Read more...]
Norwegian Shipowners Commit to Carbon Neutrality by 2050
Norwegian shipowners are committing an ambitious plan for the entire Norwegian fleet to be carbon neutral by 2050. The commitment, made under the umbrella of the Norwegian Shipowners’ Association, is a multi-tiered strategy consistent with Paris Agreement goals of limiting global warming to 1.5 degrees celsius. The commitment is comprised of four specific goals; cutting … [Read more...]
Antwerp Shipowner Claims Net-Zero CO2 Emissions
Antwerp-based shipowner Compagnie Maritime Belge (CMB) says it has achieved net-zero carbon emissions through the purchase of carbon credits to offset its shipping operations. The privately-owned company this year is marking its 125th year in business. To honor the occasion it has made a pledge to not only be a net-zero emitter of carbon dioxide from 2020 onwards, but to … [Read more...]
Shipping Execs Advocate Carbon Levies to Fund Fuels of the Future
By Roslan Khasawneh SINGAPORE, Nov 1 (Reuters) - Executives at some of the world's top shipping groups are advocating a levy on carbon emissions on shipping in an effort to shape tightening rules on greenhouse gas emissions while providing a means to fund development of cleaner fuel sources. "To meet international shipping's decarbonization challenge, the maritime industry … [Read more...]