As Superyachts’ Popularity Grows, So Is Their Supersized Climate Impact
The title is taken from a recent Bloomberg article from Jessica Nix to whom I provided some background information, so I thought I should respond to some of the issues raised by this piece. The yachting industry offers significant economic and experiential benefits, but in the face of a climate emergency, were the IPCC state […]
The Superyacht Hydrogen Primer
There is a great deal of hope that Hydrogen is the answer to our dependance on fossil fuels. Unfortunately, this has led to a lot of hype about its use. Many use cases simply gloss over the very real challenges of this molecule and, judging by many of the concepts, yachting has not been immune to […]
Superyacht Carbon Tax
There has been some confusion in the superyacht industry over the application of the EU Monitoring Reporting and Verification (MRV) and the Emissions Trading System (ETS). The response I received from the Commision is that it applies to yachts, provided they are 5000 GT and above, and are transporting passengers for commercial purposes (charter) and […]
2023 IMO GHG Strategy – a call to action for the superyacht industry?
Superyachts are but a small part of the wider maritime industry and although they are exempt from many of the regulations related to energy efficiency and reduction of Green House Gas (GHG) it is clear that yachts will need to align with the ambitions of the IMO if it is to be seen as a […]
Let’s Talk About HVO!
Original version published on the Monaco Capital of Advanced Yachting (MCAY) website – here There has been a lot of focus on new technologies and green fuels such as Hydrogen and Methanol as a means of decarbonising the superyacht industry. While these may provide the solution for new-builds, what about the large fleet of recent […]