BPA and Korea Maritime and Ocean University Institute Sign Agreement on External Greenhouse Gas Reduction Project

Busan Port Authority (BPA) signed a business agreement with the Korea Maritime and Fisheries Training Institute on the 6th at the BPA headquarters for an external greenhouse gas reduction project.

This agreement aims to reduce greenhouse gas emissions within the pier by using the onshore power supply system (AMP) installed on the pier quay instead of operating fuel-powered generators while the training institute's vessels are docked at the pier, and to secure emission allowances corresponding to the reduction amount.

Busan Port Authority announced that by switching the fuel power generation to onshore power for two vessels, Hanmireu and Hanuri, used by the training institute at the North Port, it is expected to reduce approximately 153 tons of CO2 annually.

Busan Port Authority President Kang Jun-seok (left) and Korea Maritime and Ocean University President Kim Min-jong are signing an agreement.

BPA and the training institute voluntarily decided to promote the reduction project despite having no legal obligation to reduce greenhouse gases by using the onshore power supply system.

BPA will invest the revenue from selling the secured emission allowances into eco-friendly and carbon-neutral projects, thereby establishing a virtuous cycle for greenhouse gas reduction and realizing social value.

It is also expected to contribute to achieving the national greenhouse gas reduction targets by supplying liquidity to the emission trading market.

Kang Jun-seok, President of BPA, stated, “We will actively identify vessels eligible for the external greenhouse gas reduction project using onshore power, continuously expand the project, and make various efforts to create an eco-friendly Busan Port and realize a carbon-neutral port by 2050.”

This content was produced with the assistance of AI translation services.