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South Korea Revises 2030 Target For Greenhouse Gas Emissions

Credit: christian-lue-unsplash

South Korea revised its 2030 targets for greenhouse gas emissions April 11 under which major polluters of energy-intensive manufacturers, such as oil refiners, chemical companies and steelmakers, are given reduced burdens on the back of a bigger role of nuclear to power Asia’s fourth-biggest economy, reports SP Global.

About the plan

The final version adjusted targets for two sectors — lowering the target for the industrial sector while raising the target for the...

https://mfame.guru/south-korea-revises-2030-target-for-greenhouse-gas-emissions/

China Opens Consultation For Updating Voluntary Carbon Market Methodologies

Credit: christian-lue-unsplash
  • Signals revival of domestic voluntary carbon market in near future
  • New methodologies emphasize on additionality
  • CCER revival to ease supply of credits, lower prices

China’s environment ministry on March 30 launched public consultations, seeking revisions on existing methodologies and the introduction of new ones to generate voluntary carbon credits under the nation’s China Certified Emission Reduction scheme, it said in a notice on its website, reports SP Global.

Re...

https://mfame.guru/china-opens-consultation-for-updating-voluntary-carbon-market-methodologies/

Greener Maritime Power Will Be Cheaper Than Fossil Fuel Soon

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The relative price of greener fuel, particularly methanol, will dip below the cost of fossil fuels by 2025, according to the latest report by UK-based Longspur Capital, reports The Loadstar.

Cost of fuels

Attention All Shipping, published last week, says the EU Emissions Trading System (EU ETS), the FuelEU Maritime initiative and the Energy Taxation directive will have a significant impact on the cost of fuels by 2025.

The report calculates the costs of the...

https://mfame.guru/greener-maritime-power-will-be-cheaper-than-fossil-fuel/

Algal Biofuel: The Next Energy Revolution?

Credit: ckstockphoto/Pixabay
Carbon Neutral Fuel

To reduce carbon emissions, the favored road has been to replace combustion engines and thermal power plants with alternatives like EVs and renewable energies. But this is not always easy.

For example, airplanes have for now no realistic pathway to run on electric power, as batteries are too heavy to fly. And even if we finally reach this point, it will take decades for the existing fleet to be renewed.

Other advantages stem from the practicality of...

https://mfame.guru/algal-biofuel-the-next-energy-revolution/

North America’s Decarbonization Progress Has ‘Blind Spots’

Credits: Thenamaris

North American progress towards a full decarbonization of its energy systems is slow and “should be stepped up” if the region is going to be a net-zero role model for the rest of the world, a Jan. 23 Siemens report said, says an article published on SP Global.

The 5 categories

Regions were grouped into five categories: Europe, North America, Latin America, Middle East and Africa, and Asia Pacific. North America achieved the top mark with an energy transition readiness score of...

https://mfame.guru/north-americas-decarbonization-progress-has-blind-spots/

Is Hydrogen “Not A Panacea” For Emissions Problems?

Credits: Ronan Furuta/Unsplash

Hydrogen is “not a panacea” for cutting carbon emissions and plans to require all new boilers to be hydrogen-ready in four years time are unrealistic, warned a leading Westminster Committee, reports Yahoo.

Limitations

MPs on the Science and Technology Committee argued that the challenge involved in producing the energy source at scale meant its role was likely to be limited in the UK’s future energy system.

In its latest report, the committee highlighted “conflicting...

https://mfame.guru/is-hydrogen-not-a-panacea-for-emissions-problems/

Torm Looking At Methanol, Ammonia As Pathway To Decarbonization

  • Torm rules out LNG bunker fuel for its fleet
  • Shipowners to continue scrubber installations on favorable Hi-5 spread
  • Product tanker outlook positive, reflecting geopolitics, limited shipyard capacity

After installing scrubbers on majority of its fleet to tackle sulfur emissions in response to the International Maritime Organization’s global low sulfur mandate, product tanker firm Torm is gearing up for impending decarbonization rules with alternative fuels, reports SP Global.

Methanol as a...

https://mfame.guru/torm-looking-at-methanol-ammonia-as-pathway-to-decarbonization/

This Carbon Platform To Immediately Reduce Emissions!

UK software platform Signol has partnered with compatriot provider of integrated shipping services Clarksons as part of its new carbon platform to immediately reduce emissions in the maritime industry, reports Offshore Energy.

 ‍More efficient operation

As explained, Signol uses existing maritime data, such as noon reports, to nudge mariners into executing more efficient behaviours in the operation of their ship – lowering fuel consumption, operating costs and emissions. ‍

Signol and Clarksons’...

https://mfame.guru/this-carbon-platform-to-immediately-reduce-emissions/

DNV Rules Out Pure Hydrogen As A Future Long-Distance Shipping Fuel

Green hydrogen-derived fuels such as ammonia and methanol, however, are far more likely to be significant players in the maritime fuel mix by 2050, says standards firm, reports Recharge.

Is pure hydrogen a clean fuel?

Pure hydrogen will not be used as a clean fuel for intercontinental shipping due to its relatively poor energy density by volume, according to maritime standards firm DNV.

In fact, pure H2 will barely play any role in the shipping industry’s 2050 fuel mix, losing out to biofuels,...

https://mfame.guru/dnv-rules-out-pure-hydrogen-as-a-future-long-distance-shipping-fuel/

How To Avoid An ’Overshoot’ Of The 2050 Net Zero Target?

The shipping community must factor in and urgently address additional energy needs driven by future fleet growth in order to avoid an ’overshoot’ of the emissions reduction timeline, warned MAN Energy Solutions strategist Anders, reports Riviera.

The fuel mix

In his Shipping enroute to Paris Agreement Overshoot presentation to the media at SMM Hamburg, MAN ES’ principal strategist gave an overview of the company’s expectations of fuel growth, the fuel mix it expected, implications and...

https://mfame.guru/how-to-avoid-an-overshoot-of-the-2050-net-zero-target/

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