Showing posts with label fossil fuel. Show all posts
Showing posts with label fossil fuel. Show all posts

Friday, February 18, 2022

Shell supplies first sustainable aviation fuel to Singapore customers

 Shell has become the first supplier of sustainable aviation fuel (SAF) in Singapore, and plans to start blending the fuel at its plant in the aviation hub, the company said on Thursday during an event at the Singapore Airshow.

Aviation, which accounts for 3% of the world's carbon emissions, is considered one of the toughest sectors to tackle due to a lack of alternative technologies to jet fueled-engines.

Full detail here https://www.reuters.com/business/sustainable-business/shell-supplies-first-sustainable-aviation-fuel-singapore-customers-2022-02-17/


Thursday, June 24, 2021

New Tanker Demonstrates Potential to Exceed IMO’s Emissions Targets

 Acclaiming their newest vessel as “an international flagship concerning the environment and climate,” the Swedish shipowner Furetank reports that through the use of advanced systems they were able to achieve a very low environmental score, helping the company to already meet the IMO’s emission targets for 2050. The tanker incorporates a range of technologies building on current vessel designs, including dual-fuel gas propulsion, batteries, and shore power.

Source: https://www.maritime-executive.com/article/new-tanker-demonstrates-potential-to-exceed-imo-s-emissions-targets

Thursday, May 13, 2021

Elon Musk: Tesla will no longer accept bitcoin over climate concerns

 "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Mr Musk wrote.

"Cryptocurrency is a good idea... but this cannot come at great cost to the environment."

Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped.

Continue Reading https://www.bbc.com/news/business-57096305

Thursday, January 2, 2020

Sulphur 2020 – cutting sulphur oxide emissions

The main type of “bunker” oil for ships is heavy fuel oil, derived as a residue from crude oil distillation. Crude oil contains sulphur which, following combustion in the engine, ends up in ship emissions. Sulphur oxides (SOx) are known to be harmful to human health, causing respiratory symptoms and lung disease. In the atmosphere, SOx can lead to acid rain, which can harm crops, forests and aquatic species, and contributes to the acidification of the oceans.

Limiting SOx emissions from ships will improve air quality and protects the environment.

IMO regulations to reduce sulphur oxides (SOx) emissions from ships first came into force in 2005, under Annex VI of the International Convention for the Prevention of Pollution from Ships (known as the MARPOL Convention). Since then, the limits on sulphur oxides have been progressively tightened.

From 1 January 2020, the limit for sulphur in fuel oil used on board ships operating outside designated emission control areas will be reduced to 0.50% m/m (mass by mass). This will significantly reduce the amount of sulphur oxides emanating from ships and should have major health and environmental benefits for the world, particularly for populations living close to ports and coasts.

Below you will find answers to some of the frequently asked questions about the sulphur limit.

Source: http://www.imo.org/en/mediacentre/hottopics/pages/sulphur-2020.aspx

Monday, December 2, 2019

EU bank to focus solely on clean energy sources starting in 2022

(CNN Business)The European Investment Bank (EIB) announced Thursday that it will end financing for fossil fuel energy projects at the end of 2021, adding in a statement that future financing will focus on accelerating innovations in clean energy.

"We will stop financing fossil fuels and we will launch the most ambitious climate investment strategy of any public financial institution anywhere," EIB President Werner Hoyer said Thursday.
The EIB is the European Union's lending arm. Its new energy lending policy will "unlock 1 trillion euros of climate action and environmental sustainable investment" in order to enable energy decarbonisation, and meet a 32% renewable energy share throughout the European Union by 2030.
"Climate is the top issue on the political agenda of our time...The EU bank has been Europe's climate bank for many years. Today it has decided to make a quantum leap in its ambition," Hoyer added.

Continue reading at https://edition.cnn.com/2019/11/14/intl_business/eu-funding-fossil-fuel-projects/index.html