Paris Agreement

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EU Bank presents new climate strategy

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.

10 Nordic ports issue declaration on sustainability

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).

Jan De Nul commits to 100% renewable fuels use

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.

How oil and gas companies become Paris-Agreement compliant

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.

Shipping emissions contribute to the increase of death burden

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.

Can LNG be a viable solution towards decarbonization?

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.

87 major companies join forces for a 1.5°C future

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.

The road to 2050 energy transition

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.

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