ABOUT THE CARBON INSET PROGRAMME
DP World UK are launching an innovative Carbon Inset Programme Trial, providing importers into the UK the ability to reduce hard to abate Scope 3 carbon emissions from their containerised supply chains.
This initiative will run for an initial six months from 1st January 2025. Registered importers moving cargo through DP World UK ports at Southampton and London Gateway will earn a 50 kg CO₂e inset certificate per import laden container.
REDUCING SCOPE 3 EMISSIONS
Certificates can be used by customers to demonstrate improvements in the carbon intensity of marine fuel consumption in their supply chain. The 50 kg CO₂e saving was chosen based on import laden container volume, emissions from vessels moored alongside during container operations at our UK terminals and the cost of implementing lower carbon fuel on the Unifeeder network.
The inset credits are generated by the injection of incrementally lower carbon fuel to container ships on the Northern European network of Unifeeder, a subsidiary of DP World.
If 50% of import volume participates in the trial at DP World’s UK ports, we estimate that it will replace over 11,000 tonnes of traditional fossil fuel with lower carbon marine fuels within the global shipping industry, equivalent to the reduction of 10,000 tonnes of carbon dioxide.
HOW DOES IT WORK?
The carbon insets in this trial are generated by Unifeeder’s GreenBox platform. GreenBox records the deployment of incremental lower carbon fuel usage in Unifeeder’s Northern European container vessel network, and generates tokens for each ton of carbon saved via the independent 123Carbon platform.
Inset credits are generated according to the Smart Freight Centre methodology, and independently certified by Bureau Veritas.
By registering in the Carbon Inset Programme Trial, customers will automatically receive independently certified carbon inset credits from DP World at no additional cost. Funds generated from the existing Energy Transition Contribution will enable this trial.
WHAT YOU WILL RECEIVE
The carbon inset credits, managed on the 123Carbon platform, will be directly assigned to the registered import cargo owner.
As the carbon inset credits will be retired prior to issue, confirming the emission reduction has been realised, the certificates cannot be transferred or resold.
Certificates will be issued to customers on a quarterly basis. To receive these free credits and participate in the programme, we recommend organisations register by 31st December 2024.
Please direct any enquiries to [email protected]
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