This week, Houston-based technology company FuelTrust announced the launch of its new digital solution – Carbon Baseline. The technology aims to help the marine sector achieve the International Maritime Organization (IMO) goal of reducing global carbon emissions by 50% by 2050 (since 2008).
For Carbon Baseline, FuelTrust has created a cloud-based solution, which uses an AI “Digital Chemist” and blockchain technology. The requirement for carbon reduction in this industry is pressing, as maritime cargo currently produces 3% of global greenhouse gas (GHG) emissions – more than aviation.
FuelTrust Carbon Baseline uses its patent-pending AI Digital Chemist, which uses historical data to calculate GHG emissions for the lifetime of a ship. Calculating past data is necessary because the 50% emission target is from a 2008 baseline.
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