What is the Emissions Calculator?
The Emissions Calculator is an innovative new tool that will collect, hub and provide access to an array of data on the carbon emissions of its customers’ vessels – and on the operations of the Canal. The tool aims to give customers – and the Canal – clear insight into their carbon footprint to incentivize environmental stewardship and reduce greenhouse gases (GHG).
Why did the Canal create this tool?
As part of its ongoing commitment to sustainability, the Panama Canal created this tool to enhance its Environmental Recognition Program, encourage customers to adopt more sustainable itineraries and reduce their carbon footprints. Ultimately, the Panama Canal will use this tool to incentivize environmental stewardship and reduce GHG in the international maritime community and within the Canal’s day-to-day operations.
How will the Emissions Calculator estimate customers’ carbon emissions?
Leveraging technologies that already exist aboard the world’s maritime fleet, the Emissions Calculator will input an array of data, including vessel type, speed, route, size, capacity and fuel consumption, into proprietary algorithms. These calculations will provide the most accurate measurement to-date of the GHG vessels are emitting, including the total emissions they save by choosing the Panama Canal route.
The data will then be centralized in the specially designed CO2 Emissions Reduction Ranking.
What is the CO2 Emissions Reduction Ranking?
The Emissions Calculator will centralize data and make public a CO2 Emission Reduction Ranking, which will be updated monthly and rank shippers by the total amount of emissions they save by using the Panama Canal.
The CO2 Emissions Reduction Ranking will be updated on a monthly basis.
Can customers opt in to the Emissions Calculator? Will the information be public?
The CO2 Emissions Reduction Ranking will serve as the public facing platform of the Emissions Calculator. However, the specific data powering it can be made available to shippers upon request by emailing email@example.com.
How does the Emissions Calculator differ from other emissions reductions tools?
While similar tools may estimate a vessel’s carbon output, the Panama Canal’s Emissions Calculator will provide the most accurate measurement to-date of the GHG emitted by a specific vessel using the Canal instead of alternative routes.