Monday, July 15, 2024

United Nations News

Stepping on the Gas: Rochester Researchers Team to tackle Methane Emissions

Dr. John Kessler (right) and Dr. DongJoo Joung (Pusan National University) collecting methane for radiocarbon analysis. All images: University of Rochester/John Kessler

With global temperatures rising, oceans warming and ice caps melting, carbon dioxide attracts the bulk of the blame throughout media, public discourse and academia. All too many—save some scientists and researchers—neglect methane, the second biggest greenhouse gas that’s influenced by human activity. Often associated with livestock production and ruminant flatulence, methane has both…

Energy @ Sea: Powering Up in the Blue Desert

A graphic rendering depicting C-Power’s SeaRAY autonomous offshore power system as configured for the demonstration at the U.S. Navy’s Wave Energy Test Site in Hawaii. © C-Power

Last year marked the beginning of the United Nations Decade of Ocean Science for Sustainable Development, lasting from 2021 until 2030. With 10 years comes 10 challenges—goals for regional, national and global participants to work towards for positive, collective impact on our oceans. Included in the 10 are ocean-based solutions for climate change, expanding the Global Ocean Observing System…

Carbon Dioxide Removal (CDR) ... To Clear the Air, Look Beneath the Waves

While ocean-based carbon dioxide removal can take a multitude of forms, there are at least six prominent methods (represented here) considered in the recently released NASEM report. © Woods Hole Oceanographic Institution, illustration by Natalie Renier

Participants at the 26th United Nations Climate Change Conference (better known as COP26) late last year in Glasgow reiterated humanity needs to accelerate change in the coming decades to limit global warming to 1.5°C (or even to the 2°C as agreed up in the Paris Agreement). Meeting this goal by 2050, the formidable deadline agreed upon across environmental sectors to prevent dooming the planet, will require more than electric cars and veganism.

HMP Buys Two 'Eco-friendly' VLCCs

(Photo: APICORP)

The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral development financial institution, and the National Bank of Fujairah (NBF) signed a five-year $108 million debt finance facility with Hartree Maritime Partners, LLC (HMP), the shipping affiliate of Hartree Partners, a global energy and commodities firm, with the aim to help boost maritime sustainability.The facility…

Investors on Board as U.S. Oil Majors Dismiss Wind and Solar Projects

Credit: Mike Mareen/AdobeStock

Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said they prefer oil firms to generate returns…

IEA: World Must Triple Renewable Energy Spending by 2030 to Curb Climate Change

Credit: chungking/AdobeStock

Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Wednesday."The world is not investing enough to meet its future energy needs ... transition‐related spending is gradually picking up, but remains far short of what is required to meet rising demand for energy services in a sustainable way…

Methane Emission Reduction takes Center Stage of UN GHG Report

© VectorMine/AdobeStock

In four decades of climate negotiations, the world has focused intensely and exclusively on the most abundant climate-warming gas: carbon dioxide. This year, scientists are urging a focus on another potent greenhouse gas – methane – as the planet's best hope for staving off catastrophic global warming.Countries must make "strong, rapid and sustained reductions" in methane emissions in addition to slashing CO2 emissions, scientists warn in a landmark report by the U.N.

Oil Slides 4% on China Virus Curbs, Climate Warning

© Sodel Vladyslav/AdobeStock

Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations panel's dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suffered deadly floods last month.Brent crude futures fell by $2.82…

Back to the Drawing Board: Analyzing Social Impact of Sustainable Energy

Photo: Martin & Ottaway

The future could be bright for small island nations. Cheap sustainable energy is the core component of the United Nations Sustainable Development Goals.Engineers like making things, but rarely think of the social impact that flows from their creations. Today, while we are standing at the threshold of sustainable energy, we should take a moment to reflect on the social impact of sustainable energy.

Opinion: Egypt Banks on Renewables to Meet Expected Energy Demand Surge

Photo courtesy: Wärtsilä Energy Business

To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?Egypt’s population has now passed 100 million. As one of the most populous and fastest-growing nations on the African continent, providing electricity to all its citizens is a matter of priority…

Libya says Probe of Seized Tanker to Start After Quarantine

Libya's internationally recognized government will start an investigation into a tanker over alleged sanctions-breaking after a period of quarantine ends in two weeks, the coast guard commander who seized the vessel said on Wednesday.The coast guard at Misrata seized the Gulf Petroleum 4 three days ago, Rida Issa said, after the National Oil Corporation (NOC) said the tanker had broken…

Total CEO: Governments Not Oil Firms Must Drive Carbon Curbs

© eaumstocker / Adobe Stock

It is up to governments to drive decarbonisation and consumers will have to pay more to achieve carbon neutrality, Total's chief executive said, adding the French firm has no intention of moving away from oil and gas production.Oil firms should not be seen as "villains" amid growing pressure from investors and climate activists, chief executive and chairman Patrick Pouyanne told Reuters…

NOC Condemns Calls for Oil Export Terminals to be Shut

© Juozas55 / Adobe Stock

Libya's state oil firm NOC on Friday condemned calls to shut oil export terminals in eastern Libya controlled by military commander Khalifa Haftar ahead of a summit in Germany where he will face pressure to halt his campaign to take the capital.Tribal leaders in eastern and southern Libya called on Thursday to shut the terminals in protest at what they called the internationally-recognized…

Venezuela Alters Oil Royalty Formulas, Driven by IMO 2020

© Parilov / Adobe Stock

Venezuela has changed the formulas for calculating royalties energy companies pay the government to remove references to fuel oil and some crude grades, driven by stricter rules governing marine fuel emissions, according to a document seen by Reuters.A ban by the United Nations shipping agency, the International Maritime Organization (IMO), on the use of fuels with a sulfur content above 0.5%…

Britain's Zero-carbon Power Outstrips Fossil Fuels in 2019

© alpegor / Adobe Stock

Britain, the birthplace of coal power, produced more electricity from zero-carbon sources such as wind, solar and nuclear than from fossil fuel plants for the first time in 2019, National Grid said on Wednesday.Having built the world's first coal-fired power plant in the 1880s, coal became Britain's dominant electricity source and a major economic driver for the next century. But last…

Schlumberger Commits to Emissions Reductions

© Art Konovalov / Adobe Stock

Oilfield services firm Schlumberger announced its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions, in line with the goals of the Paris Agreement to reduce climate change.Schlumberger has submitted its commitment to the Science Based Targets initiative (SBTi), and it will define its reduction target by 2021, the company said in a press release.Schlumberger CEO Olivier Le Peuch said…

Energean Targets Net Zero Carbon Output by 2050

(Photo: Energean)

Mediterranean-focused oil and gas producer Energean has joined a U.N.-backed initiative and committed to reducing its net carbon emissions to zero by 2050, its chief executive said on Monday.Oil and gas producers have come under heavy pressure in recent years to tackle greenhouse gas emissions as the world battles climate change.Energean's pledge came as the 25th annual United Nations Climate Change Conference — also known as COP 25 — begins in Madrid.The company said in a st

German Shipping to Use LSFO

The vast majority of ships in the German fleet will run on the new sulfur-reduced fuel (Low Sulfur Fuel Oil, LSFO) from 1 January at the latest. This is one of the findings of a survey conducted by the German Shipowners’ Association (Verband Deutscher Reeder, VDR) among its member companies.While the body of data obtained through the survey is not representative of the German shipping industry as a whole…

USA to Make Paris Climate Exit Official

AdobeStock / © DB Vigaro

The Trump administration will file paperwork with the United Nations as early as Monday to withdraw the United States from the Paris Agreement, marking the first formal step in a one-year process to exit the global pact to fight climate change.The move would finalize a decision President Donald Trump promised early in his term to unfetter America’s domestic oil, gas and coal industries."What we won’t do is punish the American people while enriching foreign polluters…

EU/IMO Project Drives Energy Efficiency

A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping.Five regional Maritime Technology Cooperation Centres (MTCCs) have been established under the Global Maritime Technology Cooperation Centers (GMN) Project…