During the International Energy Agency (IEA) conference on 11 February, representatives from COP host countries were presented at its Paris headquarters and reviewed ways to achieve climate and sustainability goals in the maritime industry.
In spite of expectations indicating that energy-related carbon dioxide emissions would increase, they have stopped growing in 2019, according to IEA data. As a matter of fact, after two years of growth, global emissions remained at 33 gigatonnes in 2019 even as the world economy grew by 2.9%.
Speaking with DNV GL’s narrator, Mathias Steck, IEA’s Keisuke Sadamori, Director of Energy and Security Markets explores energy security in the age of renewables, explaining that the extreme weather conditions taking place today are impacting renewable energy systems and infrastructures around the world, most likely becoming a major energy security concern for the future.
Reuters reports that global supplies of marine fuel compliant with the new environmental rules are increasing fast as concerns over quality remain marginal. Despite initial concerns about availability of very low-sulphur fuel oil (VLSFO) late last year, the preferred compliant marine fuel supplies at key hubs now seem adequate, according to the International Energy Agency (IEA). What is more, concerns that the VLSFO, which is a blend of high-sulphur and low-sulphur fuel, could damage engines are now less prominent.
After three years of stability, global CO2 emissions from fuel combustion started rising again in 2017, reaching 32.8 billion tons, according to data provided by IEA in late 2019. Provisional data show they grew even faster in 2018.
IEA published the “Putting CO2 to Use” report focusing on the new opportunities of carbon dioxide use in the development of products and services. Specifically, those opportunities attract governments, industry and the investment community to pay attention in the issue, using CO2 to boost the yields of biological processes.
The International Energy Agency (IEA) has recently issued its Renewables 2019 report with the aim to analyse and forecast renewable energy and technologies from 2019 to 2024; providing global trends and developments for renewable energy in the electricity, heat and transport sectors.
IEA launched its Offshore Wind Outlook 2019 noting an increase of 30% in the wind market between 2010 and 2018, which was achieved from technological developments and from the growth of offshore wind projects. The report highlights that Europe is leading the offshore wind development, with the UK, Germany and Denmark being the highlight of these developments. Yet, China added more capacity than any other country in 2018.
IEA launched its World Energy Outlook 2019, exploring a number of today’s issues that challenge the industry, as the dissonance amongst well-supplied oil markets and developing geopolitical tensions, the gap between the rapidly-increasing GHG emissions and the lack of stated policies to deal with those emissions, and the promise of “energy for all”, in comparison to the lack of electricity access for 850 million people in the globe.
IEA recently launched its “Energy Efficiency 2019” report, focusing on the important role of energy efficiency in today’s world that can boost the economic developments and help prevent GHG emissions; Yet, the report highlights that the global progress rate is slowing down.
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