ShareThis
Market fundamentals and impending emissions regulation demand that shipping takes the next step in formalizing and professionalizing its approach to sustainability, reflecting its increasing importance as a business-critical asset. As bunker prices rise, difficult market conditions persist and regional carbon emissions regulations strengthen, minimizing carbon management risk and encouraging shipping to become more sustainable and share this transparently with all key stakeholders will be critical to securing a competitive advantage.
The connection between sustainability and commercial success is strengthening and although the shipping industry is gradually preparing for imminent regulation, this focus must increase. DNV recently stated that as few as 10% of shipowners are implementing energy efficiency initiatives , and the market stalemate on regulation, lack of clarity surrounding emissions management best practice and sheer volume of information around this in the market has hindered action.
While no specific mechanism is yet confirmed, further emissions regulation and a price on carbon in some form is a certainty. So taking the appropriate action now will ensure that shipowners are better prepared with a strong commercial advantage once compliance is made mandatory. Without a well-structured and formal reduction program, revenue can be at risk or lost from carbon costs.
Managing carbon emissions risk is therefore the crux of the challenge facing shipowners, who need expert support to navigate the strategic management of carbon emissions, which can be complex. Understanding the ways that carbon management can affect your business is a knowledge curve that must begin now, taking into consideration operational factors, mandatory regulation - such as EEDI and SEEMP - and CSR, as carbon has the potential to impact the bottom line in a variety of ways.
Complete post to be found at:
http://www3.marinelink.com/Story/ShowStory.aspx?StoryID=230344
No comments:
Post a Comment