Cargill cuts CO2 emissions from shipping fleet in green push

LONDON (Reuters) – Cargill reduced CO2 emissions from your chartered shipping fleet by 350,000 tonnes last year as part of efforts to scale back its carbon footprint sailing, the food and agriculture group said.

The international shipping industry is liable for about 2% of world emissions of co2 fractional laser (CO2), the main greenhouse gas blamed for climate change.

Cargill, the largest privately-held U.S. company, is truly one of commercial firms pushing for greener shipping. In 2019 the company transported 226 million tonnes of cargo.

In its annual corporate responsibility report, Cargill said today it had cut CO2 output per cargo-tonne-mile by 12.1% in 2019 compared because of its 2019 baseline, wearing them course to obtain goal of 15% reductions in 2020.

Its annual output was fell to 7.382 million tonnes of CO2 in 2019 from 7.732 million tonnes in 2019.

Cargo tonne miles is mostly a key shipping indicator, measuring the level of goods transported multiplied by distance traveled.

“When we’re pleased with the progress, we realize it’s too little,” Jan Dieleman, president of Cargill’s ocean transportation business, said in any statement. “The negative impacts of java prices are on our doorstep and we must do more.”

The Minnesota-based food commodities has over 600 ships chartered at one time there are more than 90 percent ones dry bulk vessels transporting commodities for example grain, sugar and iron ore. And also they charter products tankers which ship goods such as edible oils and biodiesels.

The U.N. shipping agency, the International Maritime Organization (IMO), agreed stricter energy efficiency targets recently for certain sorts of ships to hurry up action to take the sector’s emissions.

Environmental campaigners have pushed for tougher targets.

The IMO’s long-term goal is almost always to cut greenhouse gas emissions by 50% from 2008 levels by 2050.