Some of the world's biggest shippers and charterers are now emphasizing their contribution to the climate in relation to the summit in Paris these coming weeks. 26 companies, including Cargill, BHP Billiton and Rio Tinto, are all using the tool GHG Emissions Rating, which enables them to measure ships' efficiency. In this way the companies can lower their fuel expenses while also contributing to the efforts to cut CO2 emissions, reports risk management group RightShip, which developed the tool.
A total of 35 companies are using the tool today and, according to RightShip, these represent 26,000 vessel movements annually, thus sending more than two billion dwt across the seas every year. This proclamation comes at a time when numerous organizations and politicians are calling for increased requirements for shipping's CO2 emissions, and also at a time when it will be decided, in the coming weeks, which role shipping will play in a potential final text from the climate summit.