The shipping industry and its regulators are drafting tentative pathways to reaching net-zero emissions by 2050. But the emission reduction efforts in the hard-to-decarbonize sector are slowed down by unclear regulation and uncertainty about which cleaner marine fuel would be the most cost-efficient and effective alternative to the oil-derived bunkering …
Read More »South Africa won’t Ditch Coal anytime soon
If you’re expecting South Africa will make a quick shift away from coal-fired power in favor of green energy, prepare to be disappointed. Expecting South Africa to quickly give up on coal-fired power would be “very wrong,” South Africa’s energy minister Gwede Mantashe told Bloomberg this week. Instead, South Africa …
Read More »The EU Wants Fossil Fuel Firms to Contribute to Climate Fund
Oil and gas companies could be a source of additional funding for a UN climate financing to help developing economies cope with the consequences of climate change, according to a draft EU document seen by Reuters. After failing so far to establish a clear-cut framework of how much wealthy developed …
Read More »Egypt Signs 7 Green Energy Deals with Global Developers
Egypt has signed seven memorandums of understanding (MoUs) with international developers and government entities in the fields of green hydrogen and renewable energy, the Egyptian State Information Service said Wednesday. Prime Minister Mostafa Madbouly and a number of ministers attended the signing ceremony for the agreements at the government headquarters …
Read More »China at Risk of Missing 2025 Climate Targets, Needs Steep CO2 Cuts
China is at risk of missing key climate targets for 2025 and needs to cut fossil fuel use and maintain record renewable energy investment to get back on track, a study published on Feb 22 shows. The country is the world’s top greenhouse gas polluter. Beijing has relied heavily on …
Read More »China’s Coal Expansion Starts to Slow down
The growth in coal power generation in China is beginning to slow down as regional authorities seek to redirect investments to low-carbon energy, Bloomberg reports. The report notes the continual increase in coal production and coal-powered generation in China over the past seven years, with generation reaching a record in …
Read More »India Calls for $1 Trillion Annual Climate Funding from Developed Economies
Developed economies need to provide at least $1 trillion per year to climate finance for developing countries to meet the national and global climate targets, one of the biggest developing economies and a major carbon polluter, India, said in a proposal to the United Nations. Developed countries have pledged to …
Read More »French Unveil Large Hydrogen Carrier Design
A French quartet with huge gas expertise have unveiled a preliminary design of a 150,000 cu m liquefied hydrogen carrier. Unveiled at the Hyvolution Summit 2024 trade show in Paris, gas containment system specialist GTT, along with TotalEnergies, naval architect LMG Marin and Bureau Veritas have provided details of a …
Read More »China Overtakes Europe in Clean Energy Tech Research
China has become a powerhouse in clean energy, and has overtaken the EU on clean technology research, a paper prepared for the European Commission has shown. “China has caught up with the EU in R&D expenditure. While Chinese R&D intensity more than doubled since 2000, EU R&D intensity grew much …
Read More »Global Coal Exports and Power Generation Hit New Highs in 2023
Worldwide electricity generation from coal hit record highs in 2023, while thermal coal exports surpassed 1 billion metric tons for the first time as coal’s use in power systems continues to grow despite widespread efforts to cut back on fossil fuels. Coal-fired electricity generation was 8 295 terawatt hours (TWh) …
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