Eleven major players from the oil, gas and shipping industry, shake their hands and formed an international coalition in order to develop and accelerate the energy transition.
Following COVID-19 outbreak and the significant affects on the energy supply and demand that has brought, DNV GL claimed that the pandemic will have lasting impacts once it dissipates.
Following the DNV GL annual report for 2019 and its improved market conditions, the Norway-based company announced that is fully prepared for the ‘2020 decade of transformation’ and the short-term challenges that brings.
DNV GL recently launched a venture fund to invest on the energy transition and the fourth industrial revolution challenges. Specifically, the Norwegian classification will build a portfolio of between 15-20 startups in the following four years, taking stakes of up to 20% in the companies.
British oil major BP announced that it will leave three US-based organisations, following a review examining the alignment of their climate-related policies and activities with BP’s positions. This comes as BP unveiled ambition to become a net zero company by 2050, earlier this month.
DNV GL recently defined three new technologies, concerning the energy transition. In fact, new battery storage chemistries, high-temperature heat pumps and green hydrogen have among others the potential to reduce CO2 emissions until 2030, as the company reported.
Many climate experts predict that the next ten years are crucial, thus our actions within this decade will decide whether we are able to reach the ambitious goals of the Paris agreement limiting the global temperature increase to 1.5°C until 2050. Yet, recent studies show that G20 nations are currently failing to reach their climate goals.
The decline in coal-fired power, together with the rise in renewable energy leads to the cleanest energy year on record for the UK. For the first time, the amount of zero carbon electricity used by the UK’s homes and businesses surpassed that from fossil fuels for a full twelve months.
The demand for natural gas in Spain has closed with an estimated 14% increase in 2019 compared to last year, reaching 398 TWh, the highest figure since 2010, according to data provided by Spanish LNG terminal operator Enagas.
On 9 December the classification society Bureau Veritas Marine & Offshore officially announced its join in the “Coalition for Maritime Environmental and Energy Transition” as a founding partner. The singing ceremony was held during the leading annual gathering for the French maritime community, known as Assises de l’Economie de la Mer.
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