AkzoNobel’s marine coatings business, International®, has developed the first carbon credits methodology for international shipping, which recognises and financially rewards shipowners for investing in clean technology.

Whilst shipping is the most efficient mode of transportation, the world fleet still emits around 950 million tonnes of CO2annually, equating to around 2.7% of global CO2emissions. In an industry where pressures to improve sustainability are central to competitiveness, profitability and compliance, ship-owners need to look at ways to increase operational and environmental efficiencies. Clean technology is an effective way of delivering this, however, the tough global economic climate, and lack of liquidity often makes it hard for ship-owners to justify the investment.

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