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.
The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’, has been emphasizing on use of renewable sources of energy to power Major Ports across the nation. When completed, the projects will help in the reduction of carbon dioxide emission by 136,500 MT annually.
France has issued its first green bonds with a record seven billion euro sale, becoming the second country to do so, after Poland. This move aims to pave the way for the establishment of a genuine market in renewable energy bonds.
The US Energy Department has announced the award of up to $40 million, subject to appropriations, to design, permit, and construct an open-water, grid-connected national wave energy testing facility. The facility will be constructed in Newport, Oregon and will support innovations in wave energy technologies capable of harnessing the significant wave energy resources along US coastlines.
Holland Renewable Energy Technologies, based at the RDM site in Rotterdam’s port area has offered an alternative for the port; by using its system to convert all the gas flared around the world into electricity, the company claims it could provide every household in a country the size of Germany or France with free power.
The Port of Long Beach said that solar panels have been installed in the port area to prevent 1,127 tons of carbon dioxide annually from polluting the environment. The port commits to sustainability with the installation of a 904.75kW Mitsubishi Electric photovoltaic (PV) system at the second-busiest seaport in the United States.
India’s largest container port, Jawaharlal Nehru Port Trust will now harness solar energy and reduce its dependency on conventional electricity from the grid. JNPT is installing solar power plant on several rooftops in its township and commercial premises.
One year after the SDGs’ launch, businesses, governments, organizations and individuals everywhere have started to work towards the global goals. However, the DNV GL Future of Spaceship Earth forecast shows that none of the goals will be met in all regions of the world.
Port of Rotterdam hosts the largest EU biorefinery19/02/2020
Dos and Dont’s when writing business e-mails19/02/2020
Marine contractors board ghost ship grounded in Ireland19/02/2020
Port of Hamburg seaborne cargo throughput increases by 1.1% in 201919/02/2020
Why soft skills are more important than ever19/02/2020
ECSA issues position paper on EU Green Deal19/02/2020
Falkland Islands to develop new port infrastructure19/02/2020
BP evacuates workers from platform after power generation issue19/02/2020
Ammonia could cut GHG emissions, says UK's Royal Society19/02/2020
Operations start for Italy's Vado Gateway terminal19/02/2020