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When it comes to transporting goods across the world, no other mode of transport is as effective or as economical as maritime transport. Data from the International Chamber of Shipping indicates that nearly 11 billion tonnes of cargo are transported by ship each year, making it indispensable to our daily lives. At the same time, the maritime sector also emits about 940 million tonnes of CO2 annually and is responsible for about 2.5 per cent of the world’s greenhouse gas emissions. The sector is scrambling to rapidly reduce emissions by investing in digital technologies, energy-efficient vessels and clean fuels. UPM is dependent on shipping too to get its products to its customers across the world, and oftentimes, the company helps transport other non-UPM cargo as well. As the arm responsible for UPM’s global sea transportation and port operations, UPM Logistics has been time chartering nine vessels in Europe to carry out the company’s cargo shipping needs.
Walmart is powering more stores with solar energy as its eyes get closer to its goal of having 50% of its operations powered by renewable energy by 2025. New York City-based C2 Energy Capital announced it has executed 46 power purchase agreements and leases with Walmart to provide solar power at the retailer’s operations in five states The solar installations are expected to supply approximately 10% of 60% of each stores’ overall electricity use and will produce more than 65,000,000 kWh of renewable energy annually, enough energy to power nearly 5,500 homes. Walmart on Wednesday issued its inaugural Environmental, Social and Governance report, which noted that 28% of the chain’s electricity needs are supplied by renewable sources. Click Read More below for additional information.
The Bulgarian Forest Certification System, the latest member of the Balkan Regional System, has been submitted to PEFC for assessment. The public consultation, which is your chance to give your feedback on this revised system, will run from 28 May to 27 July 2024. The Council for Sustainable Forest Management and Certification in Bulgaria (CSFMCB) revised the country’s national forest certification system to ensure its forest management standard is up-to-date and continues to meet stakeholder demands and expectations. This national system also joins Bosnia and Herzegovina, North Macedonia, and Slovenia under the Balkan Regional System.