Carbon Ridge and Scorpio Tankers have successfully deployed the world's first centrifugal ship carbon capture system, designed to capture carbon dioxide directly from ship emissions to reduce their carbon footprint. This innovative technology offers a new solution for sustainability in the shipping industry, helping the sector achieve its emission reduction targets.
This paper explores how companies can gradually achieve zero-carbon shipping by quantifying carbon emissions, developing emission reduction plans, optimizing transportation methods, and improving container utilization. It emphasizes that the zero-carbon transition is not only a corporate social responsibility but also a key to enhancing competitiveness, providing companies with actionable guidelines. The study highlights the importance of accurate carbon emission accounting and strategic green initiatives for a successful transition to sustainable shipping practices. Ultimately, the paper aims to guide companies in navigating the complexities of decarbonization and achieving a competitive advantage in the evolving maritime landscape.
IATA has launched 'IATA CO2 Connect,' a carbon emission calculator that uses real airline data to accurately calculate the carbon footprint per passenger. This tool considers various factors, including aircraft type, flight distance, fuel consumption, and the use of Sustainable Aviation Fuel (SAF). It aims to enhance transparency in carbon emissions, empowering travelers to make more environmentally conscious travel choices and promoting sustainable development within the aviation industry. By providing precise data, IATA CO2 Connect supports informed decision-making and encourages the adoption of greener practices.
IATA CO2 Connect is an industry-leading carbon emission calculation tool, providing accurate and reliable carbon footprint information based on extensive aircraft and route data. It offers four subscription plans: Basic, Standard, Advanced, and Corporate Travel, catering to diverse needs. By choosing IATA CO2 Connect, businesses can precisely understand their carbon footprint and facilitate their green transition initiatives. It empowers organizations to track and manage their emissions effectively, contributing to a more sustainable aviation industry and a greener future.
China's economy is undergoing a profound transformation driven by the 'Dual Carbon' goals. The establishment of a carbon accounting system will reshape the carbon and electricity markets, creating various investment opportunities for enterprises, including industry consolidation, overseas expansion, technological innovation, and the revitalization of existing assets. Companies should proactively address carbon emission challenges and seize the entry tickets to new tracks.
Kuehne+Nagel is incorporating emission data into its ocean freight invoices to enhance environmental awareness within supply chains and empower customers to make data-driven, eco-friendly decisions. Leveraging data from the Clean Cargo Working Group, this initiative underscores the role of logistics providers in sustainable development. By transparently displaying carbon footprints, K+N enables businesses to optimize their transportation strategies, achieve emission reduction targets, and set a new standard for sustainability within the industry. This move promotes informed choices and contributes to a greener future for global logistics.
The aviation industry aims for net-zero emissions by 2050, relying on emission reductions, carbon offsetting, and carbon capture. Focus is placed on the quality of carbon offsets, exploring options like forest conservation and direct air capture. IATA provides technical guidance and references for these strategies. The industry recognizes the need for a multi-faceted approach to achieve its ambitious climate goals, balancing technological advancements with nature-based solutions and robust verification processes for carbon offsetting initiatives.
This article introduces the concept, implementation, and effectiveness of aviation carbon offsetting, highlighting its role as a means of compensating for aviation carbon emissions by investing in carbon reduction projects to support global decarbonization. It explores airlines' proactive actions in carbon offsetting, how to choose high-quality projects, and prospects for its future development. The article also calls for further measures to achieve sustainable development in the aviation industry. Carbon offsetting serves as an interim measure while technological advancements and alternative fuels are developed for long-term emission reductions.
This article explores how companies can achieve supply chain decarbonization by evaluating carbon emissions, utilizing renewable energy, and adopting low-emission fuels. These measures not only address climate change but also enhance market competitiveness.
The EU's Carbon Border Adjustment Mechanism (CBAM) is a crucial policy tool for addressing climate change and preventing carbon leakage. Its legislative journey began in 2019, encompassing drafting, internal negotiations, formal adoption, and entry into force. By imposing carbon tariffs on high-carbon emission goods, CBAM aims to promote global emissions reduction, reshape trade patterns, and drive technological innovation. The EU will continuously revise and adjust CBAM to ensure its effectiveness and feasibility in achieving its climate goals and preventing unfair competition.
