{"id":4562,"date":"2023-10-24T11:22:48","date_gmt":"2023-10-24T11:22:48","guid":{"rendered":"https:\/\/stxgroup.com\/strive\/?p=4562"},"modified":"2025-01-28T17:50:45","modified_gmt":"2025-01-28T16:50:45","slug":"marine-insetting-a-game-changer-for-green-shipping","status":"publish","type":"post","link":"https:\/\/stxgroup.com\/strive\/latest-news\/marine-insetting-a-game-changer-for-green-shipping\/","title":{"rendered":"Marine Insetting: A Game-Changer for Green Shipping\u00a0"},"content":{"rendered":"\n

Have you ever reflected on the vital role the maritime industry plays in transporting 90% of the world’s trade?<\/strong><\/p>\n\n\n\n

While the industry is undeniably crucial, the question remains pressing: how can it become more environmentally sustainable?<\/p>\n\n\n\n

An innovative solution, known as maritime insetting, has the potential to significantly reduce or eliminate the additional costs associated with low-carbon fuels for shippers. It also offers a compelling avenue for global cargo owners, including industry giants such as Amazon and IKEA, to effectively address the intricate carbon footprints associated with their extensive global shipping operations. As the world grapples with growing concerns over decarbonization, the introduction of stricter regulations and an ever-increasing need for sustainable practices, it is no wonder that this innovative concept is generating widespread interest.<\/p>\n\n\n\n

What are Marine Insets?<\/strong> <\/h3>\n\n\n\n

Shipping, responsible for 2-3%<\/a> of global emissions<\/strong>, faces a formidable challenge in reducing its carbon footprint. <\/strong>As regulations and societal expectations continue to tighten around emissions, the industry seeks innovative solutions. <\/p>\n\n\n\n

Marine insetting is as a key mechanism to accelerate the decarbonization of the shipping sector<\/a>. Companies like Strive By STX are leading the way by supplying physical biofuels and verified emission reduction rights through marine insetting. Unlike carbon offsetting, which involves verified emission reductions through projects that are unrelated to a company\u2019s own operations and footprint (e.g. afforestation), insetting focuses on reducing emissions within the a company\u2019s extended supply chain. <\/strong>Therefore insets contribute more directly to the decarbonization a company\u2019s scope 3 footprint.<\/strong> Biofuels<\/a> (e.g. FAME, HVO, bioLNG) are a practical way, and the only short-term lever, to reduce emissions in shipping at scale. But they come at a cost. Insetting allows these costs to be shared or transferred to organizations willing to invest in verified emissions reduction that are related to their supply chains.\u00a0<\/p>\n\n\n\n

Key terms associated with marine insetting include: <\/p>\n\n\n\n