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.
The European Investment Bank (EIB) launched a new public consultation on energy financing to better reflect energy industry trends and to enhance its support for the European Union’s 2030 energy and climate targets. The next three months, EIB will engage with stakeholders, including shareholders, industry associations, civil society and the private sector to develop a new energy lending policy that supports EU targets.
The European Parliament signed new rules on renewables, energy efficiency and the governance of the Energy Union. This enables the European Union to move towards clean energy transition, and follow on the already adopted 2030 climate legislation, as well as meet the Paris Agreement goals.
support by smart data is said to totally transform power systems in the near future. Besides, by 2050, the world’s primary energy mix is expected to be split equally between fossil and non-fossil sources. However, which are the challenges and opportunities that data and IT systems are bringing to the energy era?
‘Energy Observer’, the world’s first ship powered by renewables and hydrogen, arrived at Flisvos Marina in Athens. The Greek capital is the 20th stopover of its world tour, which aims to raise awareness on energy transition. Because it is powered by renewables, and due to its double storage composed of batteries and hydrogen, the vessel can achieve energy autonomy.
The transition to a more sustainable energy system is too slow. A sustainable development path, consistent with the Paris Agreement target, does not allow for further delays in policy, industry and consumer action to reduce emissions, according to Equinor’s new Energy Perspectives report.
Finnish cargo handling company Cargotec has set sustainability targets for 2018, focusing on increasing safety awareness, setting a new sustainability standard for the supply chain, as well as increasing the usage of renewable electricity.
Renewable energy, such as bioenergy, geothermal and hydropower projects, has head-to-head on costs, with power from fossil fuels. A new report claims that renewable energy will be consistently cheaper than fossil fuels by 2020.
DNV GL says that the world energy system undergoes a major transition towards 2050 and this will have significant implications for shipping. Overall the demand for seaborne transport will increase with 60% by 2050, with the pace of growth being highest up to 2030, and with notable differences between the various shipping segments.
According to a new World Bank report, an increasing number of developing countries – Mexico, China, Turkey, India, Vietnam, Brazil, and South Africa – are emerging as leaders in sustainable energy, with robust policies to support energy access, renewables and energy efficiency.
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