The challenge

The problem we’re trying to solve

80%

of trade worldwide is facilitated by the maritime sector

3%

of global CO2 emissions are generated by the maritime’s sectors operations

15%

of NOx emissions are also produced by the maritime sector

13%

of SOx emissions are also generated by the maritime sector

An engine of the global economy, the maritime sector facilitates over 80% of trade worldwide, supporting countless jobs and coastal communities. However, its operations also pose significant environmental challenges, accounting for over 3% of global carbon dioxide (CO2) – more than Germany’s annual emissions. The industry also emits 15% of nitrous oxides (NOx) and 13% of sulphur oxides (SOx) globally – with one sixth of these emissions produced whilst ships are berthed at port as they run auxiliary engines for power.

As the industry faces increasing pressure to curtail emissions and shift towards cleaner operations, our customers must act now to embed flexibility into their operations and ensure the long term survival of the industry. However, the industry faces a ‘chicken and egg challenge’ – shipping lines cannot electrify their vessels if port charging infrastructure is unavailable, and ports are unable to raise capital for charging infrastructure without evidence that there is demand from the shipping lines.

How do I measure scope 1, 2 and 3 emissions across my value chain?

We know that it can be difficult to measure scope 1, 2 and 3 emissions in the maritime sector. That’s why we’ve created this infographic to help explain the difference. Click the infographic below to read in full.

Leading the charge for clean seas

The next decade will witness more transformation in the marine sector than it’s seen in the last century. As shipping lines increasingly electrify both at-port operations and at-sea propulsion, demand for clean energy is set to skyrocket.

By 2040, the industry will consume up to 4 PWh of clean energy per year – equal to the annual electricity consumption of the US. An energy transition of this scale will require a dynamic combination of capital, cutting-edge technology and operational know how.

We plan to invest billions worth of capital globally by 2030 to help shipping lines, port authorities and cargo owners as they navigate this complex transition. We’re providing the clean and cost-effective energy needed for the decades to come.

Our solution

The problem we’re trying to solve

How do I measure scope 1, 2 and 3 emissions across my value chain?

Leading the charge for clean seas

Let’s plot your course together…

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