As announced in the budget speech delivered by Financial Secretary Paul Chan on 28 February, the Marine Department will this year and through to 2026, will offer cash incentives to registered ships based upon their carbon intensity performance.
Fuel/Energy Type: All
Enough talk: Crunch time for IMO shipping measures to cut climate impacts
Ahead of next week’s meeting of the International Maritime Organization’s Intersessional Working Group on Reduction of GHG Emissions from Ships (IMO, IWSG-GHG-16, March 11-15) and the subsequent Marine Environment Protection Committee (MEPC 81, March 18-22), the Clean Shipping Coalition is calling on the IMO to take action in three key areas.
Ships and ports will be crucial in achieving EU climate goal
The Commission estimates that 280 million tons of CO2 will need to be captured to meet the ambitious 90 % greenhouse gas emission reduction target in 2040. The ports, and the maritime sector will be an integral part of transporting CO2 in CCS processes.
NYK to Recover Emissions from Car Carriers at Berth in California
NYK concluded an agreement with STAX Engineering Pty Ltd. (STAX), a U.S. company leading in maritime emissions capture and control, to use its emissions capture and control technology to recover exhaust gases from ships.
Exclusive: EU wants fossil fuel sector to help pay to combat climate change, draft shows
The European Union is set to call for the fossil fuel industry to help pay for fighting climate change in poorer countries under a United Nations target, a draft document shows, as nations prepare for talks this year on a global finance goal.
Maersk CEO Oshares three imperatives for shipping decarbonization to succeed
Ahead of the key global event that will decide the pace of shipping’s decarbonization, Vincent Clerc, CEO of Danish shipping and logistics giant A.P. Moller – Maersk, has highlighted three imperatives that will be crucial if the maritime industry wants to meet ambitious emission reduction targets.
Used cooking oil and lamb fat contribute to marine alt-fuel blend
Scientists at Aston University in Birmingham, UK believe they may have produced a viable alternative to traditional marine bunker fuels, care of a blend of leftover cooking oil, lamb fat and agricultural waste.
Delegates doubt next week’s MEPC meeting will bring concrete results
Ahead of next week’s IMO climate meeting, there is far from consensus on which instruments are needed to reduce shipping’s climate footprint.
Bellona meets with Arctic Council officials on black carbon and alternative energy in the polar region
As new environmental priorities fill the agenda of the Arctic Council under Norway’s leadership, Bellona met last week with its chair, Morten Høgland, to discuss battling climate change in the earth’s most vulnerable and rapidly heating region.
Global temperatures breached critical 1.5°C warming threshold for first time over 12 month period
The global average temperature in January 2024 was 1.6°C above pre-industrial levels for the month, meaning the planet has breached the 1.5°C benchmark for the past 12 months.