New Report Details How to Reduce Carbon Emissions by 22% in Global Supply Chain by Adopting a Freight Data Exchange Standard
- Written by Reporters
The Coalition for Reimagined Mobility calls for global policy action, including defining how to share critical information among freight sector stakeholders as a condition for port access
LONDON, UK - News Direct - 28 June 2022 - The Coalition for Reimagined Mobility (ReMo), a global initiative created to shape policy and ideas for more equitable and sustainable movement of people and goods around the world, today released a report that details the impact of freight sector data sharing to improve the sustainability and reliability of the global supply chain. The report includes new modeling from the International Transport Forum (ITF), which found that the adoption of an open freight data exchange standard would not only improve operational efficiencies across the supply chain, reducing the unprecedented level of goods stuck at global ports, it will also result in an estimated 22% reduction in carbon emissions by 2050 and eliminate 2.5 billion barrels of oil per year. Freight data exchange standards are open or freely available technical specifications that define how to share critical information to seamlessly facilitate global freight logistics. Standardizing the exchange of freight data will support a transition to widespread software-enabled communication forming the backbone of better stakeholder coordination across the global supply chain. Clean Fuel and Electrification Are Not Enough to Decarbonize the Freight Sector “We need a comprehensive plan of action to decarbonize our global freight sector,” said Mary Nichols, co-chair of the Coalition for Reimagined Mobility. “Business as usual is not an option. As we transition to increasingly lower carbon fuels, vessels and vehicles, we must also rapidly deploy technology solutions that will drive operational efficiencies - and critically needed climate benefits - across the global supply chain.” ReMo partnered with the ITF to use its globally renowned freight emissions model to quantify emissions reductions that could be generated by data exchange to share logistical data in near real-time and streamline the supply chain. The impact is significant, including:- A reduction of sea freight emissions by 280 million tons of carbon per year and road freight emissions by 360 million tons of carbon per year;
- Elimination of 2.5 billion barrels of oil per year; and
- A 6-percent cost savings per ton-kilometer.
- Require the use of freight data exchange standards as a condition for accessing ports.
- Deploy freight data exchange standards that communicates near real-time operational data.
- Allocate authority to national governments and ports to require the use of freight data exchange standards.
- Allocate seed funding to ports and industry stakeholders to deploy data exchange standard pilots and projects.
- Initiate and fund targeted intermodal exchange and smart steaming programs to realize near-term emissions reduction benefits.
Contact Details
Coalition for Reimagined Mobility (ReMo) Ashley Simmons +1 202-341-9508 asimmons@reimaginedmobility.orgInternational Transport Forum (ITF) Michael Kloth +33 6 15 95 03 27 Michael.KLOTH@itf-oecd.orgRacepoint Global Paul Rechichi +1 617-624-3221 CoalitionReMo@racepointglobal.comCompany Website
https://reimaginedmobility.org/The issuer is solely responsible for the content of this announcement.
Source https://www.media-outreach.com/news/united-kingdom/2022/06/28/145854/