The board of the European Investment Bank (EIB) agreed on November 14 a new energy lending policy and confirmed the EIB’s increased ambition in climate action and environmental sustainability. The new energy lending policy sets out five principles that will govern future EIB engagement in the energy sector.
Ten ports in the Nordic Region have agreed upon a declaration focusing on sustainable port management. Notably, the joint declaration shows a regional commitment to collaborate on environmental challenges related to UN Sustainable Development Goals (SDGs).
Christopher J. Wiernicki, ABS Chairman, President and CEO, highlighted the future of marine fuels in the shipping industry, stating that in order to achieve the 2050 goals the industry needs better and improved technology.
Jan De Nul Group announced that it will partner with the Flemish government to implement a minimum CO2 reduction obligation of 15% for 80% of the maintenance dredging contracts in Flanders by 2022 at the latest. The option for an 100% renewable fuel is in line with the company’s effort towards a greener and more sustainable future in the shipping industry.
The Carbon Tracker Initiative launched a report according to which in order to “deflate” the carbon and protect investors, oil and gas companies have to shrink, meaning that they have to combine their production by more than a third by 2040 to limit emissions, in line with the international climate targets.
The Former UN Secretary General, Ban Ki-moon, highlighted that the shipping industry has to focus on achieving the targets set in the United Nations Sustainable Development Agenda and fight climate change, going against unilateralism.
According to a study, a significant share of premature deaths due to air pollution can be attributed to shipping, in particular in Europe, Japan and Oceania; The study highlights the urgency of setting regulations in reducing shipping emissions.
Krishna Achuthanandam, Business Development Manager DLNG, Shell, talks about LNG, during a DNV GL webinar, explaining what LNG can offer, and why it is a viable solution for shipping to achieve decarbonization. Mr. Achuthanandam mentioned that regarding the environmental benefits LNG is the only scalable, low-carbon fuel available today, that helps us head towards carbon neutrality in shipping.
A global movement of 87 companies have joined forces on the ‘Business Ambition for 1.5°C — Our Only Future’ campaign, promising to scale up their climate ambitions by setting science-based targets aligned with limiting global temperature rise to 1.5°C above pre-industrial levels.
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.
US Navy testing exoskeletons to reduce load for sailors18/11/2019
Geospaces company wins 'largest ever' 4D survey in Asia Pacific18/11/2019
- Women in shipping
IMO trains African women to face search and rescue operations18/11/2019
Asia tops child labour, human trafficking in global supply chains, report finds18/11/2019
EU to investigate Italian ports on tax exemption18/11/2019
ABS sets the way for lower-carbon emission shipping18/11/2019
11 US sailors injured after fire onboard the warship USS Iwo Jima18/11/2019
Cyprus implements new fees in commercial ships18/11/2019
Study shows antifouling and fouling coatings improve vessel’s speed and performance18/11/2019
Japan to deploy US-made autonomous underwater vehicle for survey18/11/2019