Transport corporations, retailers look to develop cleaner marine biofuel

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Transport corporations, retailers look to develop cleaner marine biofuel

By Jonathan Saul


By Jonathan Saul

LONDON, Oct 29 (Reuters)High transport, retail and transport corporations want to develop another marine gas which goals to cut back carbon emissions from ships, in one other step to push the sector to go inexperienced.

Worldwide transport accounts for two.2% of worldwide carbon dioxide emissions, in keeping with the Worldwide Maritime Group (IMO), greater than aviation’s 2% share.

The IMO, a United Nations company, has mentioned it goals to halve greenhouse fuel emissions from 2008 ranges by 2050.

Investor and activist stress is prompting corporations to look to hurry up lowering the business’s carbon footprint.

Denmark’s A.P. Moller-Maersk MAERSKb.CO, which owns the world’s no. 1 container transport line, has joined with Norwegian car transport group Wallenius Wilhelmsen WALWIL.OL, Swedish vogue retailer H&M HMb.ST, British retailer Marks & Spencer MKS.L, denim attire maker Levi Strauss & Co LEVI.N and…



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