According to Bloomberg, the European Union plans to give a boost to some of the world’s biggest wind farms. Namely, the support came under the new strategy Green Deal package, which goals to reduce greenhouse emissions by 2050.
A recently published report by the International Council on Clean Transportation (ICCT) and commissioned by the environmental lobby group Stand.earth, aimed to ‘examine the lifecycle GHG emissions from marine fuels, including a previously poorly understood source of climate emissions from LNG-powered ships- the unintentional releases of the climate super-pollutant methane from ship engines, known as methane slip.’
Norway’s Prime Minister, Erna Solberg, discussed the challenges climate change poses to the transatlantic alliance in the Arctic during the “NATO Engages: Innovating the Alliance” in London.
The European Environmental Agency launched the “European environment – state and outlook 2020” providing information on dealing with the climate change, biodiversity loss and air and water pollution.
During the World Economic Forum in Davos, Antonio Guterres, the Secretary General of the United Nations, highlighted the challenges the planet faces today and stated that climate change is running faster than the people trying to tackle it.
During an interview with CNBC, Maersk’s CEO, Soren Skou, provided his thoughts on the US-China trade war, and the recently-signed Phase 1 deal. He also commented on the slowed trade, as well as the problematic situation at the Strait of Hormuz.
A recent study carried out in the Laboratory of Industrial Management at Åbo Akademi University indicates that improved ship utilization rates and investments in environmentally sustainable technologies for enhanced energy efficiency would not only significantly reduce carbon dioxide emissions within navigation but would also contribute to lowering freight costs.
Following the trend of decarbonizing the shipping industry, the world’s largest lender to global shipping, BNP Paribas and leading wealth manager, Credit Suisse joined the Poseidon Principles, becoming the 15th and 16th financial institutions to sign in.
According to a recent statement, foreign ministers discussed climate diplomacy and restated the political centrality of climate action for the European Union. The Council adopted conclusions on climate diplomacy, constituting that climate will be one of the priorities in the EU’s external policy in 2020.
Now that the talks for the update of the 1982 United Nations Convention on the Law of the Sea (UNCLOS) have begun concerning protected marine environments, a group of scientists proposed new techniques to allow protected zones to change, as species move under the climate change.
