Focus on Shipping and Cleantech News in brief
Shipping Operations brings cleantech fi nancing debate to London The Carbon War Room Shipping Operations continued its global seminar series with a day event, ‘Unlocking the barriers to a greener supply chain,’ at University College London on 20 May. Chaired by John Aitken,
secretary general of SEAaT and opened by Jonathon Porritt, founder and director of Forum for the Future, the seminar focused on indexing and benchmarking, split incentives and cleantech fi nancing. The event hosted high-calibre panellists including representation from Hyundai Merchant Marine, Carbon Disclosure Project, Zodiac Maritime, Innovator Capital, B9 Shipping, BP Shipping, and WWF, among others.
shippingeffi ciency. org roadshow hits Copenhagen Carbon War Room COO Peter Boyd spoke on the benefi t of diverting capital fl ows into the effi ciency technology market to key shipping stakeholders last month at the Motorship Marine Propulsion and Emissions Conference in Copenhagen. The presentation addressed the reasons behind shippingeffi
ciency.org’s launch last December. The roadshow goes on to Singapore for the Asia Green Shipping summit.
WWW.CARBONWARROOM.COM
News...15 IMO teams with Korea on carbon
The International Maritime Organization and the Korea International Co-operation Agency have signed a co-operation agreement at the IMO’s London headquarters for implementation of a pioneering technical co-operation project on building capacities in East Asian countries to address greenhouse gas emissions from Ships. Co-operation between KOICA and IMO is part of a much broader climate change initiative by the Republic of Korea and the East Asia Climate Partnerships, which aims to support Korea’s eff orts
to take a lead in reducing carbon emissions and move toward a low-carbon society. Some $700,000 will be made available by
sustainable development.
koica.go.kr
UK emissions limit could attract $325m of energy investments
The UK government has announced a limit on the total amount of greenhouse gases to be emitted between 2023 to 2027. The new limit will cut carbon emissions by 50% from 1990 levels. Energy and climate change
secretary Chris Huhne said: “By providing long-term clarity for investors, we are placing the UK at the leading edge of the global low-carbon industrial transformation. It will set Britain on the path to green growth, establish competitive advantage in the most rapidly growing sectors of the world economy,
generate jobs and export opportunities, maintain energy security and protect our economy from oil price volatility.” Dr Tim Fox, head of
KOICA under the agreement. This will fund ten activities, to be implemented by IMO over a two-year period, with the aim of enhancing the capacities of developing countries in East Asia to implement appropriate action at the national level on CO2
emissions from shipping, while promoting
energy and environment at the Institution of Mechanical Engineers, said: “There is ample appetite from investors to invest in low-carbon energy and clean technologies, but government needs to provide a stable long-term market framework to create confi dence and allow the necessary investment to happen.” Director of policy at the
Confederation of British Industry Katja Hall said the CBI supported the target. “With the green economy potentially bringing £200bn ($325bn) of investment into the UK’s energy sector alone, we need policies that will foster growth by decarbonising our energy supply, increase energy effi ciency and support the competitiveness of our manufacturing base,” she said.
ISSUE 02. JUNE 2011
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