The Panama Canal has launched its Emissions Calculator, an innovative new tool which will offer shippers the most accurate assessment of their carbon emissions, rank those who have reduced the most emissions by transiting the Canal versus alternate routes, and encourage action to reduce carbon footprints.
The Canal says that, with this launch, it is reaffirms it is commitment to reduce the impact of greenhouse gases (GHG) and demonstrates its support of the global efforts at the International Maritime Organization (IMO) to set the new IMO Strategy on GHG reduction.
“The Panama Canal has always been committed to reducing its carbon footprint and impact on the environment,” said Panama Canal Administrator Jorge Quijano. “This new tool allows us to bring that same commitment to our customers, giving them the information needed to make a more informed and environmentally conscious decision when planning their routes.”
Panama Canal Environmental Specialist Alexis Rodriguez explained that the Emissions Calculator will work by leveraging technology already aboard the world’s maritime fleet to capture an array of data on ships (e.g. vessel type, size, capacity, speed, fuel consumption and route) and provide the most accurate measurement of the GHG they emit, including the total emissions saved by choosing the Panama Canal over other routes
Data will then be centralized in the CO2 Emissions Reduction Ranking, a specially designed platform which ranks customers by those with the fewest emissions each month. The Panama Canal hopes to incentivize customers to demonstrate strong environmental stewardship and adopt more sustainable itineraries. Already, the Panama Canal has received encouraging feedback from its preliminary conversations with the industry.
The calculator will help the Panama Canal reduce its own carbon footprint as well. The waterway will use the Emissions Calculator to measure and track emissions from its domestic day-to-day operations and support the planning of a low carbon strategy that will be used to establish a roadmap for the Panama Canal to become a “Carbon Neutral” entity.