Shanghai Unveils Green Shipping Plan as New Emissions Rules Loom [Yahoo! Finance]
A.P MOLLER-MRS UNS/ADR (AMKBY)
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Source: Yahoo! Finance
From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Istanbul Tries Free Public Transit to Help Job Seekers The Answer To Making Cities More Family-Friendly? Courtyards In Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround Muddling the Message Around ‘Climate Havens' China's biggest city aims to build its capacity to supply cleaner fuels in preparation for more stringent global emissions mandates. The target is to raise Shanghai's low-carbon bunkering to over 1 million tons a year by 2030, according to a statement on Friday. China is stepping up competition with Asia's bunkering hub of Singapore ahead of a decarbonization plan that's expected from the International Maritime Organization next year. The European Union is already imposing carbon targets on shipping. The sector is responsible for 3% the world's emissions. Shanghai's goal is just a fraction of the near 20 million tons of fuel oil sold to international shipping in China in
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