By Jonathan Saul LONDON, Jan 20 (Reuters) - At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed. The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other … [Read more...]
Shipping Players Look to Cut Carbon Emissions with Ammonia Fuel
By Jonathan Saul LONDON, Jan 15 (Reuters) - A shipbuilder and engine maker are among leading companies looking to develop a vessel that can run on ammonia as part of efforts to speed up carbon reductions in shipping through cleaner fuel options, officials said on Wednesday. The new project aims to design an oil tanker that can be fuelled with ammonia and whose technology can … [Read more...]
Shipping Industry Proposes $5 Billion Fund for Zero-Emission R&D
By Jonathan Saul LONDON, Dec 18 (Reuters) - Shipping associations have proposed creating a research fund with $5 billion raised by the industry to develop technology to help the sector meet U.N. targets on cutting emissions. The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other pollution. About … [Read more...]
Carnival Joins Zero-Emission Coalition
The world’s largest cruise company, Carnival Corporation is joining a coalition of companies committed to accelerating the decarbonization of the international shipping industry. The Getting to Zero Coalition is an alliance of over 80 companies and organizations from across the maritime, energy, infrastructure and finance sectors who have committed to the development of … [Read more...]
Shipping Industry Must Act to Meet Emissions Targets -IRENA
By Roslan Khasawneh SINGAPORE, Oct 31 (Reuters) - Immediate action is required if the global shipping industry is to meet a target of halving its carbon emissions by the middle of the century, but how to achieve this remains unclear, a report showed on Thursday. Maritime shipping, which represents about 90% of international trade, accounts for 2.2% of global carbon dioxide … [Read more...]