Tag: World Bank

Not for profit coalition SEA LNG opposed to a recent report by the World Bank which found that LNG cannot form a large proportion of the bunker fuel mix in 2050 due to its carbon intensity, in line with Paris Agreement and Initial IMO GHG Strategy. 

“Green” ammonia, closely followed by “green” hydrogen, is likely the most advantageous bunker fuel for ships, in terms of the lifecycle GHG emissions, broader environmental factors, the scalability, the economics, and the technical and safety implications of each fuel, according to a new report from World Bank.

IAPH conducted a survey during October 2020 to all ports concerning the use of data under the FAL Convention and the role of digitalization within the port sector, revealing that the majority of respondents struggle with the mandatory requirement on electronic data exchange.

The World Bank announced in November its first Sustainable Development Bond in Norwegian krona to raise awareness for water and ocean resources. The NOK 2.5 billion 1.75% bond matures on 6 November 2024. Nordea Bank Abp was the sole underwriter and distributor for the transaction.

The World Bank issued its “World Development Report 2020” focusing on the development of the global value chains, the changes that have come and are about to come and the effects of the value chains in global trade.

Improve the analytics and knowledge base on marine pollution and water quality is key for restoring damaged ecosystems and protecting the Caribbean’s marine resources, said the World Bank in a recent report, examining how marine pollution in the Caribbean threatens the region’s resilience to climate change. 

Mozambique is expected to become the world’s third largest natural gas exporter by 2023, bringing a projected $39 billion to the Mozambican economy over the next 20 years and creating over 700,000 jobs by 2035, according to data provided by UN Environment.

The World Bank Group announced a new program to advance the adoption of offshore wind energy in developing countries. The World Bank and IFC will help these markets evaluate their offshore wind potential and provide technical assistance to develop a growing pipeline of projects that are ready for investment by renewable energy developers.

The 49th World Economic Forum Annual Meeting closed Friday, marking further steps to addressing the complex challenges brought about by the Fourth Industrial Revolution. Among the key outcomes was that climate change risks wipe out one-quarter of global GDP and inflict immeasurable suffering.

According to the World Bank, the January 2019 edition 'Darkening Skies' focuses on the economic growth that has weakened, the trade tensions remain high, several developing economies have experienced financial stress, and risks to the outlook have increased. As the report stresses, emerging market and developing economies, EMDEs, face great challenges but are expected to remain flat in 2019.