Wärtsilä and Lappeenranta-Lahti University of Technology LUT, a Finnish public university, signed a research agreement on strategic power system modelling aiming to understand and develop ways towards 100% renewable energy systems. The agreement was signed in March.
Global energy investment stabilised in 2018, totaling more than USD 1.8 trillion and ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to IEA’s latest annual review.
Finnish technology group Wärtsilä’s EnergoProFin, an energy saving propeller cap, which delivers average fuel savings of 2%, has been listed in the 2019 Vancouver Fraser Port Authority’s EcoAction Program. The Program provides harbour dues discounts for vessels calling on the Port of Vancouver that meet environmental best practices.
BP published its Energy outlook for 2019, exploring key uncertainties that could impact global energy markets up until 2040. The greatest uncertainties over this period regard the need for more energy to support rising global economic growth and prosperity, along with the need for faster transition to a lower-carbon future. The Outlook also analyzes the possible impact of an escalation in trade disputes and the consequences of a tightening in the regulation of plastics.
During 2017, Europe’s energy consumption increased by 1%, for a third year in a row, causing the EU to keep moving away from the energy efficiency targets. Primary energy consumption amounted to 1.561 million tonnes of oil equivalent (Mtoe), whereas final energy consumption reached 1.222 Mtoe. In comparison to 2018, both levels rose by around 1%. The EU has committed itself to binding energy efficiency target of reducing energy consumption by 20% by 2020.
The US Department of Energy selected $25 million in research projects for next-generation marine energy devices. These 12 projects will reduce capital costs and promote the innovation cycle by testing new concepts. Marine energy includes ocean wave power, tidal, and river/ocean current devices that convert movement of water into electricity.
ECOPRODIGY addresses both the environmental and economic challenges posed by increasing eco-efficiency at all stages of the vessel lifecycle from design and building to the use, maintenance, stowage as well as conversion processes. DFDS was the most recent addition to the project.
The European Parliament signed new rules on renewables, energy efficiency and the governance of the Energy Union. This enables the European Union to move towards clean energy transition, and follow on the already adopted 2030 climate legislation, as well as meet the Paris Agreement goals.
Global energy investment totaled USD 1.8 trillion in 2017, a 2% decline in real terms from the previous year, according to IEA’s World Energy Investment 2018 report. The electricity sector attracted the largest share of investments in 2017, exceeding the oil and gas industry for the second year in row.
A group of companies, including the Port of Rotterdam Authority, made a number of recommendations for the smarter use of biomass on 20 June. The partners presented a report on this issue to Ed Nijpels, Chair of the Klimaatberaad (Climate Debate), which is responsible for the future Climate Agreement.
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