The University of the South Pacific (USP) in Fiji and the China Navigation Company (CNCo), parent of Swire Shipping and Swire Bulk, have launched Project Cerulean, which aims to develop a new generation of low carbon ships for the Pacific region.
Under a Memorandum of Understanding (MOU) signed yesterday, Project Cerulean aims to eventually develop a new class of small cargo freighter that, once proven to be commercially viable to operate, can be scaled up in numbers to provide a cost-effective solution for currently marginalized communities in the Pacific Island Communities and Territories (PICT).
World oil indexes have been falling during the week. Concerns about demand continue. The trade dispute between the United States and China threatens growth in the world’s two biggest economies and currency weakness is pressuring economies in Asia, including India and Indonesia. On the supply side, oil is ample despite the sanctions against Iran as output from the world’s top three producers – Russia, the United States and Saudi Arabia – is rising.
TRANSPORT is the fastest growing emitting sector yet decarbonisation has lagged behind other energy sectors.
This was one of the issues that were discussed at the Pacific Islands Transport Forum that started at the University of the South Pacific Japan-Pacific ICT Centre today.
DELAYS in incorporating the transport sector into Pacific nationally determined contributions will not only delay the decarbonisation process, but could also undermine the diplomatic leverage of the Pacific Island countries in demanding action from nations responsible for much larger shares of carbon emissions.
This was highlighted by the University of the South Pacific as it announced that it will be hosting the Pacific Islands Transport Forum and Expo from November 8 – 10, 2018 to mark its 50th anniversary and to further the discussion on decarbonisation of the transport sector in the Pacific in support of the 1.5 degree climate g