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Euro Parliament Environment Committee votes to include shipping CO2 in EU ETS; shipping industry to contribute to climate neutrality

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The Environment Committee of the European Parliament voted to include CO 2 emissions from the maritime sector in the EU Emissions Trading System (ETS). 20% of the revenues under the Fund shall be used to contribute to protecting, restoring and efficiently managing marine ecosystems impacted by global warming.

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The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

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The work will form the scientific foundation of TMC’s future Adaptive Management System (AMS), a predictive system that will use environmental and operational data to enable the company to mitigate operational impacts in the deep-sea environment as much as possible. Earlier post.).

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Ballard signs MOU with Global Energy Ventures for development of fuel-cell-powered hydrogen carrier C-H2

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In January, GEV and Pacific Hydro Australia Developments Pty Ltd (Pacific Hydro) have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground and marine transportation of green hydrogen produced by Pacific Hydro’s Ord Hydrogen Project. 200 kW FCwave module.

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Japanese banks financed most of the Mumbai Trans Harbour Link. Tap to know the cost. | Autocar Professional

Baua Electric

From Japan with Love The bridge was constructed from special steel sections imported from Japan (Japan also provided the finance for the bridge). Rypee and Yen Japanese banks provided most of the finance for the bridge (it costs roughly Rs 18,000 crore). These sections are very strong and can take big loads. The speed limit 100kph.

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Shipping sector proposes US$5 billion R&D program over 10 years to cut emissions

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The IMRB will be financed by shipping companies worldwide via a mandatory R&D contribution of US$2 per tonne of marine fuel purchased for consumption by shipping companies worldwide—which will generate about US$5 billion in core funding over a 10-year period.

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Euronav partnering with Hyundai Heavy, LR and DNV to accelerate development of dual-fuel ammonia-fitted tankers

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Working with key partners toward the safe transport and commercialization of new technologies will be instrumental in delivering benefits for the wider marine industry. Euronav will meet the financing of this acquisition with existing liquidity and asset-backed debt capacity. —Hugo de Stoop, CEO of Euronav.

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MIT, Scripps study examines behavior of midwater sediment plumes from deep-sea nodule mining

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In April, the BMW Group, WWF and other companies—including the Volvo Group—undertook, as a precautionary measure, not to use deep-ocean minerals or finance deep-sea mining until comprehensive scientific research into the impact of deep-sea mining can be conducted and the consequences for the environment are clearly assessed.

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