Global ports operator DP World and the International Renewable Energy Agency (Irena) are teaming up to boost the use of renewable energy in the ports and maritime logistics sector.
The agreement focuses on introducing decarbonisation solutions across the sector, DP World said in a statement on Sunday.
“We will leverage our extensive reach and influence to convene the supply chain industry, fostering solutions that resonate not only within our operations but across borders, ensuring a sustainable flow of trade worldwide," said DP World Group chairman and chief executive Sultan bin Sulayem.
DP World, which runs ports across the world, pledged in 2021 to become a carbon-neutral enterprise by 2040 and achieve net-zero carbon emissions by 2050.
It has also set a target of a 28 per cent reduction in its carbon footprint by 2030.
At the Cop27 summit in Egypt last November, the company pledged to invest up to $500 million to cut carbon emissions from its operations over the next five years.
It is already taking steps to cut emissions at its operations globally, with emissions down by 5 per cent in 2022, with a 4 per cent reduction in energy consumption, DP World said.
Carbon emissions from its UAE operations have been cut by nearly 50 per cent this year, with 100 per cent of electricity at the Jebel Ali port coming from renewable sources provided by the local utility provider.
Its long-term strategy involves electrifying operations and exploring low-carbon fuel use and other solutions such as carbon-neutral synthetic natural gas.
Last month, the company raised $1.5 billion in a green sukuk issuance to fund its global decarbonisation projects.
The Islamic bond was oversubscribed 2.3 times amid "strong demand" from global investors and is listed on the Nasdaq Dubai and London Stock Exchange, DP World said.
Proceeds from the sukuk will be earmarked for eligible green projects that include electrification, renewable energy, clean transport and energy efficiency.
"In our race to accelerate a renewables-based energy transition, the maritime sector remains one of the most challenging industries to decarbonise,” Francesco La Camera, Irena's director general, said.
DP World is “spearheading the sector’s shift towards renewables and improvements in energy efficiency across ports and maritime logistics operations", he added.
Planes grounded by coronavirus
British Airways: Cancels all direct flights to and from mainland China
Hong Kong-based Cathay Pacific: Cutting capacity to/from mainland China by 50 per cent from Jan. 30
Chicago-based United Airlines: Reducing flights to Beijing, Shanghai, and Hong Kong
Ai Seoul: Suspended all flights to China
Finnair: Suspending flights to Nanjing and Beijing Daxing until the end of March
Indonesia's Lion Air: Suspending all flights to China from February
South Korea's Asiana Airlines, Jeju Air and Jin Air: Suspend all flights
Australia men's Test cricket fixtures 2021/22
One-off Test v Afghanistan:
Nov 27-Dec 1: Blundstone Arena, Hobart
The Ashes v England:
Dec 8-12: 1st Test, Gabba, Brisbane
Dec 16-20: 2nd Test, Adelaide Oval, Adelaide (day/night)
Dec 26-30: 3rd Test, Melbourne Cricket Ground, Melbourne
Jan 5-9, 2022: 4th Test, Sydney Cricket Ground, Sydney
Jan 14-18: 5th Test, Optus Stadium, Perth
The biog
Born: High Wycombe, England
Favourite vehicle: One with solid axels
Favourite camping spot: Anywhere I can get to.
Favourite road trip: My first trip to Kazakhstan-Kyrgyzstan. The desert they have over there is different and the language made it a bit more challenging.
Favourite spot in the UAE: Al Dhafra. It’s unique, natural, inaccessible, unspoilt.
More from Neighbourhood Watch:
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
The Kingfisher Secret
Anonymous, Penguin Books
ARABIAN GULF LEAGUE FIXTURES
Thursday, September 21
Al Dahfra v Sharjah (kick-off 5.35pm)
Al Wasl v Emirates (8.30pm)
Friday, September 22
Dibba v Al Jazira (5.25pm)
Al Nasr v Al Wahda (8.30pm)
Saturday, September 23
Hatta v Al Ain (5.25pm)
Ajman v Shabab Al Ahli (8.30pm)
