In the search for zero climate impact, it is impossible to eliminate all emissions at once. With the new series of Vinga vessels, Furetank has cut its CO2 emissions by more than half. Now, the company is offsetting the rest of its impact with certified carbon credits, down to zero by 2021.
Thanks to an optimized vessel design and LBG / LNG propulsion, the new Vinga series from Furetank achieved a 55% reduction in CO2 emissions compared to the previous generation of vessels. The goal is to achieve zero by running ships entirely on renewable liquid biogas, but today the supply is simply not sufficient.
– I am delighted to halve the emissions from new ships, we have done everything possible to limit our climate footprint. But we don’t want to settle there. To show that we are serious in our ambitions and that we are going even further, we are turning to climate compensation, says Lars Höglund, CEO of Furetank.
Certified carbon credits
The company has offset all remaining emissions from the four Vinga vessels owned by Furetank for the whole of 2021. The method used is carbon offset, which means purchasing an amount of certified carbon credits equivalent to the CO2 emissions caused. through its operations. Each credit corresponds to one tonne of CO2.
Credits are certified by Gold Standard, the world’s most recognized climate compensation registry, endorsed by WWF and other leading organizations. They validate and transfer funding to renewable energy projects around the world, accelerating the global transition to a fossil-based economy.
Do your best – make up for the rest
Furetank worked with STX Commodities, a leading global trading company in environmental commodities. Suad Januzzi, sales manager at STX in Gothenburg, says some emissions are unavoidable for most companies today and climate change is a global problem. It doesn’t really matter where on the map a ton of carbon dioxide is reduced or emitted – it’s our total impact that matters.
He notes that for large companies, carbon offsetting is only a small part of the overall climate strategy.
– There is a saying: “Do your best, make up for the rest”. After making every effort to reduce your own emissions, purchasing carbon credits is a way to take responsibility for your remaining impact. At the same time, you are strengthening the global system that puts a price on CO2 emissions and benefits the United Nations Sustainable Development Goals, says Suad Januzzi.
– We are proud to work with real leaders in the field like Furetank. They’ve gone further than most when it comes to changing fuel. This compensation does not eliminate the remaining emissions, but everyone must put in place a strategy and start from where they are.
New developments to be expected in 2022
For Furetank, supporting the production of biogas and solar energy through carbon credits is not a final destination but a good step on the way. Meanwhile, they continue to work on reducing their own emissions to zero, with many new advancements to be revealed in 2022.
– I feel good with this compensation, I’m sure it makes a difference. We believe this is the right way to go: helping others to do their best alongside our own efforts, says Lars Höglund.