Sep 26, 2017

California, Ontario and Quebec to integrate their carbon markets

Waste Management
Jonathan Dyble
2 min
Canada US
California, Ontario and Quebec have signed an agreement that will see their carbon markets linked, expanding the existing three-year partnership betw...

California, Ontario and Quebec have signed an agreement that will see their carbon markets linked, expanding the existing three-year partnership between California and Quebec.

"Quebec has been active for many years in the fight against climate change,” said Quebec Premier Philippe Couillard,” said Quebec Premier Philippe Couillard.

“On behalf of the Government of Quebec, I want to assure Ontario and California of Quebec's full cooperation in the implementation and promotion of carbon markets in North America and internationally.

“We should rejoice in the progress made so far and the new milestones made today in strengthening our relations, which contribute to a more prosperous, more responsible and low carbon society.”

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The agreement that is set to take effect on 1 January 2018 will be significant in the way of checking climate change and North America’s carbon footprint, with Ontario being both the most populous and highly industrialised area of Canada.

“Climate change, if left unchecked, will profoundly disrupt the economies of the world and cause untold human suffering," said Ontario’s Governor Jerry Brown.

"That's the reason why California and Quebec are joining with Ontario to create an expanded and dynamic carbon market, which will drive down greenhouse gas emissions."

The agreement will continue California’s cap-and-trade program that launched in 2012, later linking with Quebec in 2014, that sets a declining limit on carbon pollution, creating conditions to reduce emissions year-on-year.

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Jun 7, 2021

Trafigura and Yara International explore clean ammonia usage

Shipping
fuel
Decarbonisation
ammonia
Dominic Ellis
2 min
Commodity trading company Trafigura and Yara International sign MoU to explore developing ammonia as a clean fuel in shipping

Independent commodity trading company Trafigura and Yara International have signed an MoU to explore developing ammonia as a clean fuel in shipping and ammonia fuel infrastructure.

Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050. 

How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.

Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:

  • The supply of clean ammonia by Yara to Trafigura Group companies
  • Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
  • Development of new clean ammonia assets including marine fuel infrastructure and market opportunities

Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.  

There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.

Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.

Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.

Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.

It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.

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