Norwegian Cruise Line Holdings has unveiled its long-term climate action strategy and carbon neutrality targets.
It has committed to offset three million metric tons of carbon dioxide equivalent (MTCO2e) over a three-year period beginning in 2021, in collaboration with World Kinect Energy Services.
Additionally, NCLH has partnered with CLIA and other maritime organizations to propose a shipping research and development fund dedicated to finding solutions to eliminate CO2 emissions from international shipping.
Funding for this would come from a contribution per ton of marine fuel purchased and is expected to amount to $5 billion over a 10-year period.
The company plans to gradually increase voluntary offset purchases in future years to reach its goal of carbon neutrality.
"We have developed a long-term strategy with the goal of reaching carbon neutrality through three action areas including reducing carbon intensity, identifying and investing in technology and implementing a carbon offset program," said Frank Del Rio, President and CEO of Norwegian Cruise Line Holdings Ltd.
Through World Kinect, NCLH is investing in trusted carbon offsets that have been independently verified.
