Acceleration is expected by China’s maritime industry under new targets for CO2 emissions to peak by 2030 and achieve carbon neutrality by 2060. The R&D requirements for alternative fuel and improved designs are advancing at pace. UK class society Lloyd’s Register views the Chinese commitment as a major step forward not just for maritime but for the whole world.

“Maritime and the industry heavyweights are playing their part in supporting this transition. We are now seeing more and more design houses, yards and owners developing solutions across a variety of ship types,” Darley said.

Lloyd's Register is now supporting MCST's joint research initiative with Swire Shipping, Project Cerulean, and acknowledgement of efforts to decarbonize shipping in the Pacific Island Countries is noted.

 

For additional details on the Chinese shipping sector, please visit the link below:

https://splash247.com/chinese-shipping-reacts-to-xis-ambitious-carbon-targets/ 

Posted on - 2020-09-28

Please find additional details and statements from both BP and Shell at the link below:

https://www.huffpost.com/entry/bp-shell-climate_n_5f6e3120c5b64deddeed6762 

Posted on - 2020-09-28

Trafigura has submitted to the IMO recommending the best way of promoting green changes in shipping is through the adoption of a market-based measure that would charge a levy of between $250-$300 per tonne of CO2 equivalent.

Trafigura, part of the Getting to Zero Coalition, suggests “While primarily bridging the cost gap between carbon intensive and low or zero carbon fuels, this partial ‘feebate’ would also raise billions of dollars for research into alternative fuels and could help assist small island developing states and other developing countries mitigate the impact of climate change,” Nielsen and Larocca wrote.

Trafigura proposes its approach differs in that it would create a genuine market-based measure to reduce emissions, together with funding for R&D and for climate change-affected small island developing states.

For more details, please visit the links below.

https://splash247.com/trafigura-submits-its-own-carbon-levy-plan-to-imo/ 
https://gcaptain.com/trafigura-proposes-carbon-tax-on-marine-fuels-to-help-meet-emissions-targets/ 
https://www.ft.com/content/6647bd84-0d2b-4c14-b62c-e6bd80ff40e4 
https://safety4sea.com/trafigura-proposes-carbon-levy-on-shipping-fuels/ 

Posted on - 2020-09-28