One of the car carriers operated by Japanese shipping company Mitsui OSK Lines (MOL) made a carbon offset trip for shipping complete cars from Japan to Europe using voluntary carbon credits.
This initiative was carried out as a pilot case to study the specific use of carbon credits in maritime transport to offset carbon dioxide (CO2) emissionsdifficult to reduce with currently available technologies.
The completed Mazda Motor Corporation cars were loaded onto the MOL-operated Beluga Ace vessel which left the port of Hiroshima on April 18 and arrived at the port of Bristol, UK, on May 28.
CO2 emissions during the trip between Japan and Europe reached around 4,000 tonnes, including all processes from production to fuel oil consumption. The volume calculation method has been properly verified by the third-party verification organization Bureau Veritas. The entire process, from calculating CO2 emissions, including the verification process, to offsetting all CO2 emissions with carbon credits, has also been certified by third-party certification body Climate Neutral Commodity.
MOL used carbon credits generated from afforestation and reforestation projects in Ghana and China for this initiative. Both projects are certified by the international carbon credit standards management body Verra and the credits have been generated within the last five years.
Furthermore, these projects not only contribute to absorbing and removing CO2 from the atmosphere, but also several co-benefits such as biodiversity conservation and job creation for local communities, according to the MOL.
In March, MOL also confirmed its participation in carbon offsetting using “J Blue Credit” which uses blue carbon emitted by Japan Blue Economy Association (JBE).
MOL Group aims to achieve net zero greenhouse gas (GHG) emissions by 2050 in the “MOL Group Environmental Vision 2.1” announced in June 2021. The company is committed to achieving zero net GHG emissions by maximizing emission reduction efforts, such as research and development of zero-emission fuels and the replacement of ships with low-carbon ships, and also by using carbon credits and creating natural negative emissions and technologies through co-creation with various stakeholders.