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MAN Energy Solutions has announced that its portfolio of two-stroke, dual-fuel engines has accumulated more than two million operating hours in total, running on LNG, methanol, ethane and LPG. The news comes on the back of the 470 engines the company has received orders for – with over 185 already in service – and all ...
DENVER — World leaders are making increasingly ambitious commitments to reduce greenhouse-gas emissions and limit the catastrophic effects of climate change. But to convert commitments into results, more must be done to decarbonise all sectors of the global economy rapidly.This process will be relatively easier for sectors like electricity and passenger cars, where
A credit rating and analysis firm based in Germany and focused on the European markets is launching...
Banks' doors 'wide open' for green shipping projects Pressure on financiers to support more environmentally friendly projects has created an opportunity to finance green shipping projects, according to a panel of experts. Speaking at Seatrade ShipTech Virtual – Is Ship Finance transforming Faster than Shipping? The panel said that money was available at prefrential rates for the right projects. Dr. Jan-Henrik Hübner, Global Head of Shipping Advisory, Maritime, DNV said the classification society was working with banks active in shipping and other industries that have hundreds of billions...
Banking giants team up to accelerate net-zero transition for steel industry Six leading lenders to the steel industry - ING, Citi, Goldman Sachs, Societe Generale, Standard Chartered and UniCredit - have created a new working group focusing on decarbonisation. Steel manufacturing is accountable for around 7% of global emissions from fuel use Called the Steel Climate-Aligned Finance Working Group, the panel will consist of senior representatives from each bank’s metals and mining teams, as well as sustainability and climate professionals. They will work together to develop a financing agre...