Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 24
GEARBULK
FUTURE ACTIONS
Mitigate climate change through carbon capture tech-
Advance climate responsibility through fuel optimisation
nology
In acknowledgment of the environmental impact of our
In 2024, a dedicated team assessed the feasibility of imple-
activities, we continued our active exploration of new tech-
menting Carbon Capture technology on our vessels. The study
nologies to signi昀椀cantly curtail our greenhouse gas (GHG)
revealed signi昀椀cant potential for the technology; however,
emissions in 2024. As part of our commitment, several of
shore-based infrastructure remains highly limited. For Gear-
our newly managed vessels will aim to install Propeller Boss
bulk vessels operating in a worldwide trade, this presents
Cap Fins in 2025, as well as further upgrades to the electron-
an additional challenge in o昀툀oading captured CO2 to suit-
ically controlled Main Engines for all applicable vessels. This
able facilities. The study concluded that CCS technology is
forward-looking approach underscores our dedication to
not yet viable for the Gearbulk 昀氀eet but could play a crucial
advancing sustainable practices and aligns with our ongoing
role in reducing GHG emissions in the near future. Gearbulk
e昀昀orts to comply with climate change initiatives.
will reassess CCS technology in a few years as infrastructure
develops further.
Continue creating awareness of climate change
By fostering a greater understanding of the environmental
Transition to carbon-neutral fuel for future climate action
challenges we face, individuals, communities, and businesses
Anticipating the imperative for climate action, Gearbulk is
can collectively advocate for and implement sustainable
charting a course towards the adoption of alternative fuels.
practices. Increased awareness encourages the adoption
In 2023, at MEPC 80, the IMO endorsed the use of sustainable
of eco-friendly technologies, energy-e昀케cient solutions,
Biofuel as a carbon-neutral alternative, contingent on speci昀椀c
and a reduction in carbon-intensive activities. Moreover, it
criteria, e昀昀ective from October 1st, 2023. Looking ahead,
empowers stakeholders to actively engage in supporting
Gearbulk is committed to furthering this initiative, with plans
and complying with climate change regulations, in昀氀uencing
to expand the use of sustainable Biofuel in strict adherence
policy decisions and industry standards. Education campaigns,
to these criteria. This forward-looking commitment re昀氀ects
community outreach, and corporate initiatives that prioritise
our dedication to environmentally responsible practices and
climate change awareness not only contribute to a more
aligns seamlessly with the industry’s larger movement towards
informed and environmentally conscious society but also play
embracing sustainable and carbon-neutral fuel sources.
a crucial role in achieving broader regulatory compliance and
fostering a global commitment to combating climate change.
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PART 2 – ENVIRONMENT
