Global energy investment stabilised in 2018, totaling more than USD 1.8 trillion and ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to IEA’s latest annual review.
The Australian government announced launch of the largest ever Cooperative Research Centre (CRC) to drive an evolution in marine-based industries, unlocking economic, environmental and technological benefits for a Blue Economy.
The report ‘Powering Homes Today, Powering Nations Tomorrow’, was launched by ETIP Ocean and analyses the challenges faced by the sector on the route to industrial roll-out and proposes four actions to overcome them. The ocean energy industry forecasts that 100GW of wave and tidal energy capacity can be deployed in Europe by 2050, meeting 10% of Europe’s current electricity needs.
A consortium of Dutch companies, universities and knowledge institutions have teamed up on the ‘Gigawatt Electrolysis Factory’ project, recently kicked-off at the Institute for Sustainable Process Technology, aiming to investigate what it takes to build a gigawatt-sized electrolysis plant in the Netherlands around 2025-2030.
Total, Ørsted and Elicio issued a joint bid for the Dunkirk offshore wind farm project in France, aiming to a power capacity up to 600 MW, on February 18. The bid is Total’s first official entrance in offshore wind and an additional step to sustainability.
Canada Pension Plan Investment Board (CPPIB) issued its first Euro-denominated Green Bond. The sale of €1 billion in 10-year fixed-rate notes will enable CPPIB to invest further in eligible assets such as renewables. Among the Green Bond-eligible investments recently made by CPPIB is a joint venture in renewable power and offshore wind assets.
As the global community becomes more interested in- and aware of- the devastating impacts of climate change, more and more industries have shown a shift towards environmentally-friendly solutions. In this regard, Finnish technology group Wartsila presented some of the trends awaited in 2019 and significantly impacting the energy transition.
The Autonomous Operator of Parisian Transports published a press release according to which sixteen among Europe’s major companies initiate to push forward the development of sustainable finance, setting up the Corporate Forum on Sustainable Finance, ‘The Forum’. It is designed as a permanent network based on exchanging ideas and views and unites crucial ‘Green Issuers’.
The CMA CGM Group, a worldwide leading shipping group, has decided to support the financial and industrial development of Agricool, specializing in urban agriculture, based on recycled containers, in order to enable it to launch its industrialization phase. Several containers are currently being tested. The Group is now the main supplier of containers and the primary logistics and supply partner of this young company.
IRENA, the Assembly of the International Renewable Energy Agency, launched ‘A new World’ report, according to which, the Global Commission on the Geopolitics of Energy Transformation supports that the geopolitical and socio-economic consequences of a new energy age may be as profound as those which accompanied the alter from biomass to fossil fuels two centuries ago. These include changes in the position of states, the importance of new leaders, more energy actors, alter in trade relations and the emergence of new alliances.
Sailors participating in Golden Globe Race19/05/2019
- Women in shipping
More opportunities will arise for African women in the maritime sector19/05/2019
DNA scan identifies microbes' origin from ballast water19/05/2019
ITF discusses fatalities from lashing operations19/05/2019
Deepest submarine dive in history recorded18/05/2019
- Women in shipping
WMU: Key actions to achieve gender balance in maritime18/05/2019
Ship detentions in Paris MoU region during April17/05/2019
Dutch maritime technology sector reports cautious progress17/05/2019
Watch: Conveyor belt collapses on bulk carrier17/05/2019
New agreement eyes autonomous system on SAR vessels17/05/2019