BP Energy Outlook 2020: Energy consumption shifts away from fossil fuels by 2050

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.‎

Europe could see $35 billion in carbon capture and storage spending till 2035

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 partners to develop autonomous zero emission Ro-Ro vessels

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.

Japanese consortium working on world’s first CO2 capture at sea

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.

Maersk Drilling invests in carbon-negative energy

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.

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