Decarbonizing Shipping
Last updated
Last updated
One implementation of Green Proofs is the Maritime Book and Claim (MBC) registry created by the Energy Web Foundation in collaboration with and . The MBC registry brings transparency and credibility to claims about the carbon impacts of maritime shipping voyages that use lower-carbon shipping fuels.
Decarbonizing maritime shipping is a critical effort because the sector accounts for some three percent of global emissions.
The registry includes the following main functionalities:
Issuance: The operator or owner of a ship can register the usage of low-emissions fuel. Multiple admins verify the request and approve the issuance of a ceritifcate representing the carbon impact of the fuel.
Transfer: The certificate can be transferred to any actors involved in shipping, including freight forwarders or cargo owners.
Retirement: actors can retire the certificate, which means that they can claim in their sustainability reporting that low-emission fuels have been used in transportation.
Transparency: After actors have retired the certificates, the information becomes public (after sensitive information is removed).