Panama Canal Authority (ACP) has unveiled a new tool "Emissions Calculator" which will help operators assess their carbon emissions, rank those who have reduced emissions by transiting the Canal versus alternate routes, and encourage the decarbonization of vessels.
The tool boosts ACP's Environmental Recognition Program (ERP) by centralizing shippers’ emissions data and creating an incentives around best performances to encourage more actions in cutting emissions.
Jorge L. Quijano, Panama Canal Administrator, said “The Panama Canal has always been committed to reducing its carbon footprint and impact on the environment,”.
“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,” He added.
The Emissions Calculator will work by leveraging on existing technology on board ships to capture an array of data on shippers.
Data collated will be sent to the CO2 Emissions Reduction Ranking, a platform that ranks vessels with the least emissions in each month, according to Alexis Rodriguez, Panama Canal Environmental Specialist.
Panama Canal Authority plans to use the tool to reduce its own carbon footprint by tracking its domestic day-to-day operations as well as plan a low carbon strategy that will be used to establish a road map to becoming a “Carbon Neutral” entity.