Putting CO2 to Use: Creating Value from Emissions

(http://www.MaritimeCyprus.com) New opportunities to use carbon dioxide (CO2) in the development of products and services are capturing the attention of governments, industry and the investment community. Climate change mitigation is the primary driver for this increased interest, but other factors include technology leadership and supporting a circular economy. This analysis considers the near-term market potential…

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European Commission publishes information on CO2 emissions from maritime transport

(http://www.MaritimeCyprus.com) On 30 June 2019, the European Commission published for the first time information on the CO2 emitted by ships over 5000 gross tonnage when performing maritime transport activities related to the European Economic Area (EEA). This information covers around 10800 ships of various types, services and cargo carried, ranging from ro-ro passenger ships to bulk…

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United Nations – Emissions Gap Report 2018

(http://www.MaritimeCyprus.com) The United Nations released the Emissions Gap Report 2018, which shows that global carbon dioxide (CO2) emissions rose again during 2017 after a three year hiatus, highlighting the imperative for countries to deliver on the historic Paris Agreement to keep global warming to below 2°C above pre-industrial levels. It also calls for efforts to limit…

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Environment – Reducing Shipping Greenhouse Gas Emissions (port-based incentive schemes)

(http://www.MaritimeCyprus.com) This report reviews port-based incentive schemes to reduce shipping emissions, such as environmentally differentiated port fees. Greenhouse gas emissions from shipping currently represent around 2.6% of total global emissions, but this share could more than triple by 2050. Ports have a crucial role to play in facilitating the reduction of shipping emissions, alongside the ship operators themselves. Which incentives are…

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Shipping industry unites to propose ambitious CO2 reduction objectives to global regulator

Four major international trade associations – BIMCO, INTERCARGO, International Chamber of Shipping (ICS) and INTERTANKO – have made a joint proposal to the UN International Maritime Organization (IMO) concerning ambitious CO2 reductions by the international shipping sector, which is responsible for transporting about 90% of global trade and 2.2% of the world’s annual man-made CO2…

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