In the most recent Energy Transition Outlook, DNV GL presents its timeline of the next 30 years of the energy transition, which shows many astonishing milestones. Namely, the one of the key takeaways of the timeline is the peak of energy supply and demand, but there are other significant milestones as well. According to the timeline oil will peak at 2022, while 4 years later transport energy demand will peak.
In light of DNV GL’s Energy Transition Outlook 2019 launch, this infographic describes 10 measures that aim to help close the emissions gap to well below 2°C. However, DNV GL added that policies must also be developed in order to mitigate at least three fronts at the same time: higher energy efficiency, more renewables, and industrial-scale CCS.
DNV GL issued its Energy Transition Outlook for 2019 examining the energy future through to 2050. The forecast says the technology available is able to deliver the Paris Agreement climate goals, but only with strongly enforced policies aimed to enhance Nationally Determined Contributions.
Carbon Tracker highlighted that oil and gas companies are not in line with the Paris climate goals given their projects and the investments. The oil and gas in projects that have already been sanctioned will take the world past 1.5ºC, assuming carbon capture and storage remains sub-scale.
A new research discovered that a warming planet could change ocean waves in more than 50% of the world’s coastlines. If this happens, it could lead to significant impacts to coastal flooding and erosion. The pattern that is discovered from this research is that changes in wave heights are expected in some areas, with increases in the Southern Ocean and the tropical eastern Pacific, but reductions in the North Atlantic Ocean and portions of the northern Pacific Ocean.
EU and Canada entered into an agreement aiming to tackle illegal, unreported and unregulated (IUU) fisheries, marine pollution and climate change. The agreement will enable the easy implementation of the 3030 Agenda for Sustainable Development, mostly focusing on Goal 14, while also will facilitate the sustainable development of marine and maritime sectors.
The decarbonisation of global energy supplies to mitigate climate change will have significant implications for the global shipping industry. If the Paris Agreement goals are met, the fossil fuel cargo base that shipping serves would experience an aggressive and prolonged transformation, according to a report from Maritime Strategies International.
Following months of assessing the possibility of offshore wind hubs in the North Sea, the international consortium partners of the North Sea Wind Power Hub (NSWPH) confirmed technical and economical feasibility of smaller ‘energy islands’ in the North Sea, but within a reformed regulatory landscape.
The United Nations launched their UN Climate Change Annual report that reflects the key achievements of the UNFCCC process and the activities of the secretariat, particularly their impact in relation to the implementation of the Convention, the Kyoto Protocol and the Paris Agreement, while it also presents the outcomes of COP 24 and a look ahead.
The European Commission launched its assessment of Member States’ draft plans, to implement the EU’s Energy Union goals, focusing on the agreed EU 2030 energy and climate goals. The assessment highlights that although the plans represent significant efforts, there’s still room for improvement, concerning individual policies to be sure of the efficient delivery of 2030 targets.
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