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Insetting moves up the agenda for Stena

[ December 9, 2024   //   ]

Stena Line is reporting a significant increase in customers considering insetting options in their carbon emissions reduction strategies for 2025.

Carbon insetting means creating initiatives to reduce carbon emissions throughout the entire supply chain and can vary from transitioning to renewable fuel alternatives, improving energy efficiency or contributing to other key areas of emissions reduction. They are paid for as part of a flexible pricing arrangement between Stena Line and its customers.

To date, carbon offsetting has been the most used approach, through external projects or initiatives that are not directly related to a company’s business such as promising to plant trees to compensate for carbon emissions.

The major benefit of insetting is that it can leverage initiatives being delivered by a particular company across its business and doesn’t specifically have to be in the region a particular customer of that business operates in, said Stena Line’s group manager strategic commercial development, Emelie Åström.

She explained: “A good example of insetting is Stena Line’s current pilot project on the Stena Jutlandica, which operates on the Gothenburg-Frederikshaven route where 20% biofuel has been mixed with 80% conventional fuel. Although this route is not used directly by customers based around Stena Line’s Irish Sea routes, these customers can nonetheless derive carbon emissions benefit for their carbon footprint through insetting which can contribute to a reduction in their scope 3 emissions.”

Irish Sea based customers can claim insets from Stena Line’s wider consumption of certified biofuels or other low-greenhouse gas fuel vessels as part of their own strategies to reduce their carbon footprint. Insetting customers will be issued with a certificate and statement by Stena Line which serves an official assurance that the emissions reductions are genuine and auditable.

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