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Carbon dioxide in the atmosphere warms the planet, causing climate change. Global energy-related CO2 emissions in 2022 reached a new high of more than 36.8 billion tons, according to the International Energy Agency. Unfortunately, most of this pollution comes from just a few countries. For most of us, carbon dioxide remains an abstract notion. But
Ships carrying everything from consumer goods to food and fuel in and out of the European Union will soon face hefty emissions bills. The maritime industry will join the bloc’s Emissions Trading System in January, meaning big ships will start paying for carbon emissions. Some major freight firms—such as MSC Mediterranean Shipping Company SA and
The ships carry over 80% of the trade globally and contribute a big chunk in terms of emissions, producing about 1 billion tons of CO2 into the atmosphere in the year 2018.
Top Asian economies may need to spend the most decarbonizing shipping, but industry experts say they are well positioned to create business opportunities from these climate efforts. Taking a look at China, Japan, and South Korea, which together account for roughly a third of the world’s CO2 emissions, ING analysts concluded the countries’ mid-century net-zero ...
Facing green push on farm, fertilizer makers look to sea for growth 2/15/2021 Two of the world's biggest fertilizer producers, CF Industries Holdings Inc and Yara International Asa, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the United States and Norway to produce clean energy to power ships. The consumption of oil for transportation is one of the top contributors to global greenhouse gas emissions that cause climate change, and fertilizer producers join a growing list of companies adjusting their business models to profit from a future lower-carb...