Joe Biden focuses on clean energy for shipping

Splash 247

Sam Chambers

 

January 28, 2021

 

 

 

Eight days into his presidency and there’s already a host of initiatives signed by Joe Biden that will have enormous ramifications for shipping and offshore.

Yesterday the 46th president of the United States focused on climate change.

An executive order signed by Biden called for “enhanced climate ambition” with focus on shipping as well as aviation, the Arctic, ocean sustainable development among other topics.

John Kerry, Biden’s, special presidential envoy for climate, will now promote “innovative approaches, including international multi-stakeholder initiatives” to resolve climate issues, including in shipping, the order stated.

With both the Congress and the Senate in Democrat hands, the discussions, which started last year on pushing shipping towards a European style emission trading scheme, are expected to accelerate.

Other key announcements yesterday include the decisions to freeze new oil and gas leases on public lands and double offshore wind-produced energy by 2030.

Since coming to power, Biden has also axed plans for the Keystone XL pipeline with Canada, while his new Buy American order is seen as an endorsement of the Jones Act, a law that ensures domestic shipments have to be carried on US-built vessels.