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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
16200 Central Green Blvd
GAC Regional Office, Asia Pacific 78 Shenton Way, #29-01
Group Vice President, Asia Pacific & Indian Subcontinent
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
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09 Feb 2022 / Panama Canal, Panama
The Panama Canal contributed to the reduction of 16 million tons of carbon dioxide (CO2) equivalent emissions in 2021, in comparison to the most likely alternative routes.
These savings, three million more than achieved in 2020, are equivalent to the amount produced by 3.2 million passenger vehicles driven in one year, or the carbon sequestered by 248 million tree seedlings grown for 10 years…
…Containerships led the way in emissions savings of 5.2 million tons of CO2, followed by dry bulk carriers (2.5 million), chemical tankers (1.77 million), and liquefied petroleum gas (LPG) carriers (1.2 million)…
…The annual data was calculated by the Panama Canal’s CO2 Emissions Savings Dashboard, which tracks the total CO2 emissions that vessels save by sailing via the Panama Canal rather than the most likely alternative route. The Dashboard uses geo-referenced data and technology already on-board ships to measure emissions, with new data reported each month by segment, customer, route and more.
The Dashboard builds on the Panama Canal’s long-standing efforts to maximize its environmental benefits while minimizing the environmental impact of its customers. The waterway has introduced a series of environmental incentives and tools unique to the industry since 2016 through its central sustainability program, the Green Connection Environmental Recognition Program.
In addition, the Panama Canal promotes the implementation of speed and navigational recommendations to protect cetaceans as they start their nearby seasonal migration and works closely with the communities of the Watershed to sustainably manage their surrounding environment.
Last year, the waterway unveiled its plans to become carbon neutral by 2030. To achieve this objective and maximize its value as a green corridor for global shipping, the waterway expects to make significant investments and changes to its operations over the coming years. Beginning with purchasing electric vehicles and hybrid tugboats, modernizing its equipment and infrastructure alone is anticipated to require $2.4 billion. The waterway will also continue working with international stakeholders to ensure the Canal’s contributions are aligned with global decarbonization efforts…
…The Canal also joined forces with over 150 other organizations across the maritime industry to sign the Call to Action for Shipping Decarbonization, a pledge and commitment to taking concrete action against a warming climate. In the future, the Canal aims to take into consideration in its pricing structure the vessels' emissions during their transits through the waterway, based on the ships' technology and maneuverability, to further aid the decarbonization of the shipping industry.
(For information about operations in the Panama Canal. Contact GAC Panama at [email protected])
Source: Extract from Panama Canal Authority Monthly Canal Operations/Advisory to Shipping A-03-2022