During his speech at Nor-Shipping 2019, IMO Secretary-General Kitack Lim delivered a strong reminder regarding the ever-increasing importance of balanced and sustainable development. Mr. Lim also highlighted moves to reduce greenhouse gas emissions from the shipping industry.
Getting closer to 2020, our industry is under pressure to innovate sustainably and show its change-ready profile to the strict climate-alerting regulations. While remarkable progress has been made, it is of much interest to look where the inefficiencies lie as well as how close we are to properly manage CO2, SOx & NOx challenges and meet the goals and aspirations set by IMO.
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.
Italian shipbuilder Fincantieri has entered into a preliminary collaboration agreement with financial institution Cassa depositi e prestiti (CDP) and natural gas infrastructure company Snam, aiming to implement medium-term strategic projects for the innovation of port facilities in Italy and of sustainable technologies applied to maritime transport.
IRENA, the Assembly of the International Renewable Energy Agency, launched ‘A new World’ report, according to which, the Global Commission on the Geopolitics of Energy Transformation supports that the geopolitical and socio-economic consequences of a new energy age may be as profound as those which accompanied the alter from biomass to fossil fuels two centuries ago. These include changes in the position of states, the importance of new leaders, more energy actors, alter in trade relations and the emergence of new alliances.
The European Investment Bank (EIB) launched a new public consultation on energy financing to better reflect energy industry trends and to enhance its support for the European Union’s 2030 energy and climate targets. The next three months, EIB will engage with stakeholders, including shareholders, industry associations, civil society and the private sector to develop a new energy lending policy that supports EU targets.
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.
support by smart data is said to totally transform power systems in the near future. Besides, by 2050, the world’s primary energy mix is expected to be split equally between fossil and non-fossil sources. However, which are the challenges and opportunities that data and IT systems are bringing to the energy era?
American energy major ExxonMobil announced greenhouse gas reduction measures, including a 15% decrease in methane emissions and a 25% reduction in flaring. The company also revealed its intention to improve energy efficiency in refining and chemical manufacturing facilities.
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