Sustainable BusinessCarbon offsets gird for lift-off as big money gets close to nature
Susanna TwidaleShadia Nasralla
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Chris Pryor, director of forest stewardship at New England Forestry Foundation, looks at marked trees in the Hersey Mountain Wilderness in New Hampton, New Hampshire, U.S., December 4, 2020. REUTERS/Elizabeth Frantz
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An expected dash by big corporations for offsets to meet their climate targets has prompted financial exchanges to launch carbon futures contracts to capitalise on what could be a multi-billion dollar market.
It s a step change. Carbon offsets, generated by emissions reduction projects, such as tree planting or shifts to less polluting fuels, have struggled for years to gain credibility, but as climate action has become urgent, their market is expected to grow to as much as $50 billion by 2030. read more
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A new set of independent indices for the LNG seaborne trade went live this week (2 March), based on the carriers burning LNG, rather than marine fuel oil or marine gas oil, as their primary fuel.
Published twice weekly, the new indices have been given the acronym (BLNGg) and will be published alongside the current LNG indices which are based on LNG carriers burning Very Low Sulfur Fuel Oil (VLSFO). Historical data for the new indices will be available dating back to 1 January 2020.
The new standard Baltic vessel has the following speed and consumption specification when burning LNG as a fuel:
Baltic Exchange adds new LNG powered seaborne gas assessments
A new set of independent indices for the Liquified Natural Gas (LNG) seaborne trade went live this week (2 March), based on the carriers burning LNG, rather than marine fuel oil or marine gas oil, as their primary fuel.
Published twice weekly, the new indices have been given the acronym (BLNGg) and will be published alongside the current LNG indices which are based on LNG carriers burning Very Low Sulphur Fuel Oil (VLSFO). Historical data for the new indices will be available dating back to 1 January 2020.
The new standard Baltic vessel has the following speed and consumption specification when burning LNG as a fuel:
Baltic adds new LNG indices, CME futures to follow seatrade-maritime.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seatrade-maritime.com Daily Mail and Mail on Sunday newspapers.