The shipping industry is set to agree to its first global emissions target, with a plan to cut greenhouse gas emissions by at least 50 per cent by 2050 – a goal that will require the shipping industry to completely redesign their fleets around new types of fuel. The measure is expected be formally adopted on Friday by the International Maritime Organization, the UN shipping regulator, and marks the first time that shipping – which accounts for more than 2 per cent of global emissions – has adopted an emissions plan. However, the final compromise is much weaker than had been wanted by delegations such as the European Union, which had called for a cut of at least 70 per cent and even threatened to implement its own rules if the IMO did not move fast enough. Shipping and aviation are two sectors that are not covered by the UN climate agreement, and while the aviation sector reached an emissions plan two years ago, the shipping industry has taken much longer due to the difficulty of cutting carbon from long-distance ships that run on bunker fuel. To reach a 50 per cent cut in emission by 2050 compared with 2008 levels, shipping groups said that heavy investment in new fuel types would be essential, and that marginal improvements in efficiency would not be enough.
FT 13th April 2018 read more »
Methane leaking from oil and gas facilities around the world – a major contributor to global warming – is set to be spotted from space. The Environmental Defense Fund (EDF) has announced it aims to launch a satellite called MethaneSAT by 2021 to scan the globe and make major leaks public. That information will then enable governments to force action, EDF hopes. Building and launching the satellite will cost tens of millions of dollars, but EDF says it has already raised most of the money. Methane is a potent greenhouse gas, 80 times more powerful than carbon dioxide in the short term, and is responsible for about a fifth of human-caused climate change. The oil and gas industry is to blame for about a third of anthropogenic methane emissions, from fracking and other exploration sites, and from leaky pipelines.
Guardian 12th April 2018 read more »
FT 12th April 2018 read more »