By Nina Chestney LONDON, July 2 (Reuters) - A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday. The 2015 Paris Agreement set a target to curb global warming and reach net zero emissions in the second half of the century. In a special … [Read more...]
Norway’s $2.6 Billion Carbon Capture Bet Could Help Save the Planet
By Akshat Rathi (Bloomberg) -- Plentiful reserves of fossil fuels and rich seams of valuable minerals are no guarantee of national health, wealth or happiness. The “resource curse” has blighted many countries: Venezuela and the Democratic Republic of Congo, for example, have suffered from years of graft, civil unrest and poverty. After discovering oil in the 1960s, Norway … [Read more...]
Europe’s Rhine River Faces Low Water Heading into Dry Season
By Jack Wittels and William Wilkes (Bloomberg) --Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway. After spring showers failed to show in Germany, the official water level at Kaub — a key chokepoint near Frankfurt — dropped to around 1 meter … [Read more...]
Danish Transport Companies Embark on Ambitious Sustainable Fuel Project
A group of Denmark's leading transport companies have joined forces on an ambitious project to develop an industrial-scale production facility for sustainable fuels for road, maritime and air transport in the Copenhagen area. The companies - Copenhagen Airports, A.P. Moller - Maersk, DSV Panalpina, DFDS, SAS and Ørsted - envision a first-of-its-kind hydrogen and e-fuel … [Read more...]
Norwegian Shipowners Commit to Carbon Neutrality by 2050
Norwegian shipowners are committing an ambitious plan for the entire Norwegian fleet to be carbon neutral by 2050. The commitment, made under the umbrella of the Norwegian Shipowners’ Association, is a multi-tiered strategy consistent with Paris Agreement goals of limiting global warming to 1.5 degrees celsius. The commitment is comprised of four specific goals; cutting … [Read more...]