Last year the International Maritime Organization, recognising the slow progress the sector had made, set ambitious targets to reduce shipping emissions by at least 50% by 2050 compared to 2008. Companies started lining up to face the challenge. But the shipping sector is very energy intensive. Bunker fuel costs can account for 24 - 41% of total shipping costs, so any clean fuel transition must be competitively priced. The fact that alternatives … [Read more...]
Advanced Aviation Biofuels: ready for take-off?
A survey by the International Renewable Energy Agency (IRENA) of leading biofuel investors and producers worldwide reveals that they are still struggling to get governments to deliver the right regulatory framework – and carbon pricing – to ensure biojet fuel’s rapid growth. Scaled up, the fuel also needs to come down in price to compete with jet fuel’s 50 eurocents per litre. Technological progress is being made. But biofuel investment has … [Read more...]
Africa and renewables: the international partnerships bringing 300GW potential to life
Gaining access to energy is vital for Africa's people and national economies so tapping their vast potential for renewables is the obvious solution both for them and the climate. The challenge, as ever, is funding. To solve this, African nations are striking up international partnerships in a bid to unleash the full power of their phenomenal natural assets. … [Read more...]
Report maps out the new geopolitical power dynamics created by renewables
A new report by the Global Commission on the Geopolitics of Energy Transformation says the new energy age will profoundly reshape relations between states and regions. It will bring “A New World” of power, security, energy independence and prosperity. It will also reshape the geopolitical map, just as fossil-fuels have done over the last 200 years. No nation will be unaffected. … [Read more...]
