The global shipping industry accounts for over 80% of world trade and more than one billion tons of greenhouse gas emissions (2.5% of global GHG emissions) per year.
Global warming and climate change is an existential threat to our planet and businesses need to make an effort to transition to a low carbon environment with much reduced GHG emissions.
A challenge for the Shipping Industry
© International Council on Clean Transportation, 2017
According to IMO guidelines, vessels need to lower greenhouse gas emissions and switch to more sustainable fuels and practices.
The BytEdge platform offers solutions to help monitor, analyze and predict emissions and energy efficiency as well as the health of the assets based on real time data.
The Advantages of Real-time monitoring for the Industry
Besides the obvious contribution to the environment, reductions in carbon emissions can be monetized through Carbon Credits on the ETS.
Price of CO2 in the EU Emissions Trading System
- Phase I
- Phase II
- Phase III
Improving the remaining useful life (RUL) of batteries in EVs by optimizing the charging cycle using machine learning and AI.