TECHNOLOGY

By | 2020 Newsletter week 22 | No Comments

Danish Companies Join Forces On An Ambitious Sustainable Fuel Project

DFDS has together with Copenhagen Airports, A.P. Moller – Maersk, DSV Panalpina, SAS and Ørsted formed the first partnership of its kind to develop an industrial-scale production of sustainable fuels for road, maritime and air transport.

The joint vision is to establish one of the world’s largest electrolyser and sustainable fuel production facilities

When fully scaled-up by 2030, the project could deliver more than 250,000 tonnes of sustainable fuel for busses, trucks, maritime vessels, and airplanes every year. Production would potentially be based on a total electrolyser capacity of 1.3 gigawatts, which would likely make it one of the world’s largest facilities of its kind. The production from the fully scaled facility can reduce annual carbon emissions by 850,000 tonnes.

UCL Energy Institute Supports Leading International Banks To Promote Greener Global Shipping Through New Principles

By | 2019 Newsletter week 27 | No Comments

11 major shipping banks, representing a bank loan portfolio to global shipping of approximately $100 billion will for the first time integrate climate considerations into lending decisions to incentivize maritime shipping’s decarbonization.

The Poseidon Principles are a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios consistent with the policies and ambitions of the Initial GHG Strategy adopted in April 2018 by member states of the IMO.

The Principles were developed in an effort spearheaded by global shipping banks – Citi, Societe Generale, and DNB – and leading industry players – A.P.Møller Mærsk, Cargill, Euronav, Lloyd’s Register and Watson Farley & Williams – with expert support provided by the Global Maritime Forum, Rocky Mountain Institute and University College London Energy Institute.

The Poseidon Principles establish a common baseline to quantitatively assess and disclose whether financial institutions’ lending portfolios are in line with adopted climate goals. In this way, they also serve as an important tool to manage critical investment risks.