Fuel Sulphur Cap – North P&I
North P&I club is a leading global marine insurer. Our purpose today remains as it was on our inception in 1860; to enable our members to trade with confidence. For a shipowner, this means not only North playing its part in minimising risks but also addressing the challenges which threaten global trade and development.
Climate change is of course one such threat. International shipping emits 2-3% of global greenhouse gas emissions, in transporting close to 80% of global trade by volume. The International Maritime Organisation has agreed on an ambition to reduce greenhouse gas emissions by at least 50 percent by 2050. North is proud to have partnered with the Global Maritime Forum (an international not for profit organisation) and is at the start of a journey to assist our members in their decarbonisation journey. The Global Maritime Forum provides a platform for leaders from the entire maritime spectrum to collaborate to effect positive long-term change for the industry and for society.
Earlier this year, the cap on the sulphur content of marine fuels to 0.5% came into effect, which will dramatically reduce sulphur dioxide emissions and have significant health and environmental benefits. Through our “2020 vision” outreach program, North was at the forefront of industry efforts to ensure shipowners and operators were ready and able to make the switch to low sulphur fuels.
The coronavirus pandemic has also emphasised the importance of putting societal as well as environmental concerns at the heart of a sustainable business. North recognises the potential impacts on seafarers’ health and wellbeing in these uncertain times and our Mind Call helpline is available 24 hours a day for seafarers feeling isolated or lonely. We have also been supporting the Sailors Society in their campaign to respond to seafarers needs during this pandemic.
We encourage our partners and supporters to share their examples of good practice in tackling the climate emergency, reversing ecological collapse and delivering a just transition. NEECCo does not undertake to quality assure these case studies, and inclusion of a case study on this website does not imply endorsement of the project by NEECCo or by its partners.
Some case studies will feature organisations who are involved in fossil fuel industries, or who are open to challenge on other aspects of their performance in relation to our objectives. NEECCo recognises that if we are to reach our ambitious objectives, all organisations and individuals within the north east will need to adapt their behaviour and actions. We want our case studies to encourage this process. Our commitment to achieving a just transition from a carbon-based economy to a green economy requires us to encourage positive steps wherever they are to be found.
We are interested in your views on the case studies so please choose to like/ dislike each case study.