Glossary

Equinox Maritime Utilizes Marsoft’s GreenScreen in its Ongoing CO2 Reduction Investments

Equinox Maritime Utilizes Marsoft’s GreenScreen in its Ongoing CO2 Reduction Investments

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Nancy Marshall, SVP, Marketing
+1 484.415.7603 or nmarshall@climeco.com

Equinox Maritime Utilizes Marsoft’s GreenScreen in its Ongoing CO2 Reduction Investments


BOYERTOWN, Pennsylvania (July 25, 2023) – In a new collaboration, Equinox Maritime and Marsoft will quantify and certify the CO2 savings from retrofit initiatives made by Equinox in the company’s continuing efforts to minimize its CO2 footprint.

GreenScreen makes a strong business case for installing best practice energy-saving devices. The program helps secure an audited and documented statement of reduced CO2 emissions that delivers incremental revenue and return on investment. The first GreenScreen project has been listed on the Gold Standard website and the first carbon credit issuances will be made before the end of 2023. 
“Equinox has long been committed to decarbonization,” says the Director of Equinox Maritime. “At Equinox we are continuously focused on the performance improvement of our fleet and meeting the environmental expectations of our clients. We are therefore extremely excited about this new step forward.  We have already jointly reviewed GreenScreen’s confirmation of the carbon savings made from four of our ships and are looking forward to working with Marsoft and ClimeCo to originate the credits, and to our industry’s continued efforts to reduce its CO2 footprint.” 
Four of Equinox’s vessels have been screened to confirm the significant fuel-saving benefits from the retrofits installed. Equinox’s technical manager commented, “The project was for four of our Supramaxes – and the GreenScreen analysis verified that the savings from the Schneekluth ducts and spoilers were performing as expected, even a little better. We are very proud of our technical team and yard partners and this important commitment to the environment.”
Dr. Arlie Sterling, President of Marsoft, added, “Despite the many environmental and financial advantages of installing energy-saving devices, the investment can still be difficult for owners to finance. We help owners overcome that financing barrier by addressing some of the risks around the retrofit decision, and by making the business case more attractive. The industry is beginning to see the real value of the carbon markets to accelerate the pace of decarbonization today,” 
Marsoft’s GreenScreen program complements Equinox’s longstanding environmental commitment by accurately assessing the emission reductions from the retrofits – a requirement to enroll the ships in a Gold Standard program. Marsoft’s collaboration with ClimeCo, a leader in the carbon markets, secures premium pricing for Equinox’s carbon credits in the voluntary carbon markets.

 

 
About Marsoft

Established in 1984, Marsoft provides expert, objective, and timely support for investment, chartering, and financing decisions.  Marsoft’s quantitative models and expert judgment have improved the quality of decision-making for almost four decades.  Marsoft decision support systems integrate data and analysis to enrich our client’s decision-making process, including the integration of climate-focused initiatives such as the Poseidon Principles.

The analytical platform underpinning Marsoft’s GreenScreen services was developed in collaboration with the MIT SeaGrant Design Laboratory.
 
Marsoft is committed to working with the shipping industry to minimize CO2 emissions and support the UN Sustainable Development Goals while meeting all stakeholder requirements.  Marsoft is a founding member of the  Blue Sky Maritime Coalition, whose mission is to accelerate the decarbonization of North American waterborne trade. 

For more information, press only: Lorraine Parsons; LParsons@marinemoney.com 
For more on Marsoft and GreenScreen: www.marsoft.com 

 

About ClimeCo

ClimeCo is a global company focused on offering a full range of sustainability advisory with a balance of industrial and nature-based carbon solutions that meet the diverse needs of clients’ climate programs. We also provide specialized technical solutions for hard-to-decarbonize industries. From developing methodologies to support GHG reduction innovation to advising on solutions for optimal sustainability impact to reach Environmental, Social, and Governance (ESG) goals, ClimeCo is the right partner to help address environmental challenges.

For more information or to discuss how ClimeCo can drive value for your organization, contact us through our website climeco.com. Follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
+1 484.415.7603 or nmarshall@climeco.com  

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping


Boston, Massachusetts (July 14, 2022) – Marsoft Inc., the leading maritime consultancy, and ClimeCo LLC, a leader in the carbon credits market, announce a collaboration to expand the range and value of Marsoft’s GreenScreen carbon credit services (GreenScreen), removing financial barriers to the shipping industry’s commitment to achieve material CO2 emissions reductions.

Marsoft’s GreenScreen services enables Shipowners to issue Gold Standard carbon credits based on the CO2 emissions reduction they create by retrofitting their ships. Sold, these credits help overcome the hurdles that now limit investments in retrofits, reducing risks and increasing the profitability from the reduction in CO2 attributable to the retrofits. 

“Carbon credits can be an important source of funding for retrofits that reduce fuel consumption and CO2 emissions. Gold Standard certification of those reductions gives owners access to the rapidly expanding voluntary carbon market. By collaborating to simplify, accelerate, and cut costs from the carbon credit verification, issuance, and monetization process Marsoft and ClimeCo will make carbon credits part of the industry-wide solution to the challenge of decarbonization,” said Arlie Sterling, President at Marsoft Inc.

Bill Flederbach, CEO and President of ClimeCo, highlighted the value of this newly formed team: “We will deliver substantial cost and time savings while enhancing value to those customers who take advantage of GreenScreen. ClimeCo is putting its 17 years of experience and unmatched carbon trading scale and expertise behind shipowners and their determination to decarbonize their business. ClimeCo’s deep carbon market expertise and relationships will maximize the value of their carbon credits.”

Erika Schiller, VP of Project Development at ClimeCo, emphasized the powerful benefits from the collaboration. “Leading shipowners have already signed up for GreenScreen and have already budgeted a million-tonne reduction in CO2 emissions over the next five years. The Marsoft/ClimeCo team will establish a high value/high liquidity presence in the carbon markets for credits from shipping. GreenScreen is proven and unique, and we are committed to making it even better by teaming with Marsoft.”

With Marsoft’s shipping knowledge and GreenScreen breakthrough technology, and ClimeCo’s carbon solution development and market reach, the shipping business will finally have the solution it needs to reduce emissions today. Together, Marsoft and ClimeCo provide a path by which ship owners can act now to reduce their CO2 emissions at minimum cost and maximum revenue potential.

Marsoft and ClimeCo have committed to offering an effective and efficient industry-level solution to the CO2 emissions reduction verification, credits issuance, and monetization challenges. The combination of ClimeCo’s environmental solutions track record and Marsoft’s breakthrough management tools for the shipping industry ensures that the shipping industry can benefit from the state-of-the-art and critical mass. Marsoft and ClimeCo have invested substantial resources and are willing to invest alongside the shipowner to reduce CO2 emissions.

 


About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at +1 484.415.0501, info@climeco.com, or through our website climeco.com. Follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.


About Marsoft Inc. 

Established in 1984, Marsoft provides expert, objective, and timely support for investment, chartering, and financing decisions. Marsoft’s quantitative models and expert judgment have improved the quality of decision-making for almost four decades. Marsoft decision support systems integrate data and analysis to enrich our client’s decision-making process, including the integration of climate-focused initiatives such as the Poseidon Principles. The analytical platform underpinning Marsoft’s GreenScreen services was developed in collaboration with the MIT SeaGrant Design Laboratory. Marsoft is committed to working with the shipping industry to minimize CO2 emissions and support the UN Sustainable Development Goals while meeting all stakeholder requirements. Marsoft is a founding member of the  Blue Sky Maritime Coalition, whose mission is to accelerate the decarbonization of North American waterborne trade.

For more information, press only: Lorraine Parsons; lparsons@marinemoney.com

For more on Marsoft and GreenScreen: www.marsoft.com

Sources

The definitions in this glossary have been reprinted or adapted from the EPA Climate Change Glossary and the Climate Action Reserve Dictionary.

 

Additional Resources

Energy Information Administration’s Energy Glossary

EPA Overview of Greenhouse Gas Emissions

FEMA Extreme Heat Glossary

IPCC Fourth Assessment Report Working Group 1: The Physical Science Basis

IPCC Fourth Assessment Report Working Group II: Impacts, Adaptation, and Vulnerability

National Weather Service Glossary

NASA’s Earth Observatory Library

UNFCCC glossaries