The two organizations have struck a deal to markedly increase the world's offshore wind expansion ahead of 2030. The current outlook is that 270GW will be established by 2030, with this capacity now set to jump by 110GW.
The US offshore wind industry will need both increased public favor and more European experience in order to accelerate in earnest, says Joshua Bennett, vice president at Dominion Energy, which is heading a 2.6GW project in Virginia.
US power utility Dominion Energy is in the process of developing the US' largest offshore wind project via a unique model for financing offshore wind, but that method will not necessarily remain in use, says offshore VP to EnergyWatch.
Biomethanol could be a transition fuel for Maerk's new vessels until the production of green methanol reaches a scale that enables it to satisfy the demand, said Maersk exec Berit Hinnemann at conference on decarbonizing shipping.
With a new proposal for the IMO's climate committee, the European Commission is kicking off a discussion that is still in its nascence: that carbon emissions from new alternative fuels need to be measured from the point of extraction or the start of production and include the entire value chain.
By way of a cease-and-desist letter, German environmental group DUH demands that the German oil and gas company halts its production, but Wintershall Dea has rejected the demand. DUH has targeted the automotive industry with similar demands.
LNG must be eliminated from the list of future alternative fuels, FuelEU, says the spokesman of green parties in the European Parliament, Michael Bloss, to ShippingWatch. Further, ETS must be much more ambitious.
Current high prices of energy in Europe, both on gas and electricity, continue to inflate costs for a range of associated commodities. The fertilizer industry, dependent on gas-powered ammonia production, is being hit hard and the squeeze could trigger higher food prices.
Scorching hot prices on gas and power in Europe are impacting many continental businesses and putting "inflationary pressure on every other cost", even leading some UK factories to halt operations to avoid being slapped with incapacitating utility bills.