Following months of debates across the industry, the European Parliament voted to include CO2 emissions from the maritime sector in the EU Emissions Trading System, eyeing a 40% reduction in CO2 by 2030.
In the main scenarios of this year’s BP Energy Outlook, global energy demand continues to grow for at least part of the period to 2050. However, over this time, the structure of energy demand fundamentally shifts, with a declining role for fossil fuels offset by an increasing share for renewable energy and a growing role for electricity. Decisive policy measures, such as significant increases in carbon prices, are needed to deliver a lasting reduction in emissions from energy use.
In maritime shipping, biofuels, ammonia and hydrogen meet more than 80% of fuel needs in 2070, using around 13% of the world’s hydrogen production, while energy efficiency also makes a significant contribution, according to latest IEA analysis.
Following two long and costly decades of carbon capture and storage (CCS) studies and test centers, Europe has now reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035, a new analysis by Norwegian consultant Rystad Energy shows.
Norwegian Kongsberg Maritime and Massterly -a joint venture between Kongsberg and Wilhelmsen- have signed with the Norwegian grocery distributor ASKO to equip two new vessels with autonomous technology, and to manage their operations at sea. The fully electric ships will replace 2 million km of truck transport, saving 5,000 tonnes of CO2 every year.
A Japanese consortium is working to conduct test operations and measurements for a small scale ship-based CO2 capture demonstration plant. Under the name “Carbon Capture on the Ocean” (CC-Ocean), the project seeks to achieve CO2 capture at sea in a world’s first.
Technology giant Rolls-Royce with its Power Systems business has set up a new organisational unit ‘Power Lab’ to focus on innovative and net zero carbon drive and energy solutions for the marine and infrastructure sectors.
Shipping’s climate impact has increased 10% in just six years, according to a study released by the IMO. If no measures are taken, the study estimates that carbon pollution from ships could increase by up to 50% by 2050.
Maersk Drilling has entered an agreement to invest USD 1 million in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy, aiming to pave the way for carbon-neutral drilling.
The Greek container company, Danaos, achieved to reduce its CO2 emissions by 41.5% in 2019, compared to the base year in 2008, meeting IMO 2030 carbon reduction targets 11 years ahead of schedule.
