“We’re rewarding those who make conscious efforts to reduce greenhouse gas emissions and invest in technology that will make shipping even more efficient,” says Panama Canal Administrator Jorge L. Quijano.
The ACP calls the new system “Environmental Premium Ranking.” The Canal has an existing ranking system for customers which it uses when figuring out bookings for transits, based in part on how often a vessel operator uses the canal.
The new system gives two levels of extra recognition to clean ships, with many ways of qualifying. Vessels with EEDI efficiency numbers 20 percent below baseline get Level 1; 30 percent below baseline, Level 2. There are similar provisions for the Environmental Ship Index and for NOx emissions, and any vessel with an LNG-fueled engine qualifies for Level 2 – giving LNG carriers an automatic leg up.
HELSINKI — Finland says it will start to operate the world’s first icebreaker powered by liquefied natural gas on Tuesday as the number of LNG-powered vessels is steadily increasing in the Nordic country that is surrounded by the Baltic Sea and is heavily reliant on maritime transport.
The state-owned operator Arctia Ltd. said on Monday that the 128 million-euro ($140 million) Polaris icebreaker, which also runs on low-sulphur diesel, is equipped with two large LNG containers allowing it two operate for 10 days in rough ice conditions without refueling.
James Coleman and Sarah Jordaan are co-authors of the C.D. Howe Institute study Clearing the Air: How Canadian LNG Exports Could Help Meet World Greenhouse Gas Reduction Goals.
With a glut of North American natural gas, the future of Canada’s gas industry could hinge on the success of exports of liquefied natural gas from the West Coast.
As the federal government assesses the environmental impact of these exports, one of the biggest public controversies has been how LNG exports will impact global greenhouse gas emissions. This question is crucial for businesses, too: If greater use of LNG is inconsistent with global goals for reducing GHG emissions, LNG projects could prove to be risky long-term investments.
Tim McMillan is chief executive officer of the Canadian Association of Petroleum Producers.
As part of the Paris climate treaty, Canada has signalled its collective commitment to do its part to tackle global climate change. This is no small task. But it’s doable, and natural gas has a strategic role to play for the long term.
It will require realistic, achievable solutions at home at the provincial and federal levels. It will also require our industry to continue its focus on continuous environmental performance improvement. And we can take action globally by exporting some of our abundant energy, produced under one of the most stringent regulatory systems in the world, to countries that need it. Here’s how.
Haisla Chief Councillor Ellis Ross says the drop in LNG prices has been terrible for the people of his community: “They’ve had to leave my territory. … And that’s exactly what I’ve been trying to work against.”