COPENHAGEN: Energy major bp has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to help the maritime sector migrate away from fossil-fuel use.
The Center says 70,000 vessels produce three percent of the world’s carbon emissions from the annual consumption of 300 million tons of fuel oil.
They support eight trade sectors - food, construction, fashion, FMCG, electronics, automotive, professional services and logistics - that account for more than half of all global greenhouse gas emissions.
A report from NGOs Pacific Environment and Stand.earth has calculated container imports from America’s 15 largest retail giants generated as much climate pollution in 2019 as three coal fired power plants - or the energy needed to power 1.5 million American homes.
The NGOs want Walmart, Ashley Furniture, Target, Dole, Home Depot, Chiquita, Ikea, Amazon, Samsung, Nike, LG, Redbull, Family Dollar, Williams-Sonoma and Lowes to reduce their Scope 3 emissions – produced by their global supply chains and logistics providers.
A report from the World Economic Forum and Boston Consulting group earlier this year identified nine key actions companies can – and increasingly must – take to reduce emissions:
(1) build a comprehensive emissions baseline, gradually filled with actual supplier data; (2) set ambitious and holistic reduction targets; reducing emissions by (3) revisiting product design choices; and (4) reconsidering (geographic) sourcing strategy; (5) set ambitious procurement standards and (6) work jointly with suppliers to co-fund abatement levers; (7) work together with peers to align sector targets that maximize impact and level the playing field; (8) use scale by driving up demand to lower the cost of green solutions; and (9) develop internal governance mechanisms that introduce emissions as a steering mechanism and align the incentives of decision-makers with emission targets.
As a strategic partner to the Zero Carbon Shipping Center, bp says it will provide experts to work on R&D projects and contribute to the development of methodologies and pathways for sustainable fuel solutions.
“The shipping industry’s transition to net zero is complex and requires technology advancements and policies that will give companies across the value chain the confidence to act,” explained bp EVP of regions, cities and solutions William Lin: “This is a privileged opportunity to collaborate and advocate with key industry players to progress solutions at the pace and scale needed. When we work together, we can fast track development, de-risk investments and provide signals to the market that will speed up the decarbonisation of the shipping industry,” he continued.
The company joins Alfa Laval, American Bureau of Shipping, A.P. Moller - Maersk, Cargill, Haldor Topsoe, MAN Energy Solutions, Mitsubishi Heavy Industries, Mitsui, NORDEN, NYK Line, Seaspan Corporation, Siemens Energy, Stolt Tankers and TotalEnergies in this endeavour.
TotalEnegies announced a partnership with Amazon this week that would see the French energy major supply it with 474 MW of renewable capacity in the US and Europe, and subsequently the Middle East and Asia Pacific, while expanding the use of Amazon Web Services.
Story Type: News