According to a recent climate report from the Norwegian Shipowners’ Association, their member fleet released 28.7 million tons of CO2 equivalents in 2024. This figure encompasses emissions from about 1,800 vessels and offshore platforms managed by 130 member companies. These companies collectively control a fleet with a total tonnage of 50 million deadweight tonnes, based on data from January 2020, reports Port News.
Zero Emission Solutions
A recent report highlights the substantial environmental impact of Norwegian shipping, with 2024 emissions surpassing Norway’s domestic emissions from 2023. This coincides with the Norwegian Shipowners’ Association’s goals to reduce emissions significantly by 2030 and achieve a climate-neutral fleet by 2050.
Harald Solberg, CEO of the association, stresses the necessity of pricing mechanisms to accelerate the adoption of low- and zero-emission solutions, noting that shipping emissions are far greater than those from domestic aviation.
The association is advocating for measures like a national CO2 fund and Carbon Contracts for Difference (CCfDs) to bridge the cost difference between traditional and eco-friendly fuels. They support Norway’s participation in the EU Emissions Trading System (ETS), which is anticipated to generate funds from shipping companies that could be reinvested in CO2 reduction technologies.
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Source: Port News
