Page 10 - AfrElec Week 31

AfrElec EMISSIONS AfrElec

Shipping emission rise 10%

GLOBAL GREENHOUSE gas (GHG) emissions from “We urge IMO to include all greenhouse
maritime shipping rose 10% from 2012 to 2018, gases, including methane, in the next phase of
accounting for 2.89% of the world’s emissions in the EEDI to limit emissions from new LNG-fue-
2018. led ships.”
There is global pressure on the shipping CO2 emissions grew to 1,056 million tonnes
industry to reduce its emissions, with shipping’s in 2018 versus 962 million tonnes in 2012, the
share of global CO2 emissions increased to study showed.
2.89% in 2018 from 2.76% in 2012. The report said emissions in 2020 and 2021
The International Maritime Organisation’s would be significantly lower due to the impact of
(IMO) published its final report of the Fourth COVID-19 and that emissions over the next dec-
IMO Greenhouse Gas Study this week, which ades may be a few percent lower than projected
warned that so-called short-lived climate pollut- depending on the recovery trajectory.
ants, also known as climate super pollutants saw The study highlighted that much work lies
the most striking increases. There was a 12% rise ahead if the sector is to meet IMO’s goal of cut-
in black carbon emissions and a 150% increase in ting GHG emissions from international shipping
methane emissions. by at least 50% from 2008 levels by 2050.
Methane, which traps 86 times more heat in Demand for shipping grew twice as quickly as
the atmosphere than the same amount of CO2 fuel efficiency improved between 2012 and 2018.
over a 20-year time period, represents a small but In the future, business-as-usual GHG emissions
rapidly growing share of GHG emissions from from shipping are projected to increase by up to
shipping. 50% above 2018 levels by 2050.
The 150% growth in methane emissions from “It’s notable that improvements in fuel effi-
2012 to 2018 was largely due to a surge in the ciency have slowed since 2015, with annual
number of ships fueled by liquefied natural gas improvements of only 1% to 2%,” says Dan
(LNG), many of which have engines that allow Rutherford, ICCT’s marine program director.
unburned methane to escape into the atmos- “Policies are needed to accelerate innovative
phere. The study highlights the need to include fuel-efficiency technologies like wind-assist and
methane in future phases of the IMO’s Energy hull air lubrication, along with new, low-emis-
Efficiency Design Index (EEDI) regulations. sion and zero-emission fuels.”
Currently, only CO2 emissions are limited under The IMO commissioned the report to serve
the EEDI. as a key resource as it works to revise its GHG
“Methane is not yet regulated by the IMO, strategy.
but it should be because it has a much stronger To achieve IMO’s goal of phasing out GHGs
global warming potential than CO2,” said sen- from the sector as soon as possible, regulations
ior marine researcher Bryan Comer, who led that spur innovation and widespread adoption
the review and revision of the study’s bottom-up of the cleanest, most advanced technologies are
methodology. needed.™

POLICY

BP aims for 50GW by 2030

GLOBAL BP now aims to increase its green power gener- transforming markets, bp can compete and cre-
ating 20-fold to 50GW by 2030. ate value, based on our skills, experience and
The company released its zero emissions relationships. We are confident that the decisions
strategy this week, committing itself to a 10-fold we have taken and the strategy we are setting out
increase in low carbon investment to $5bn per today are right for bp, for our shareholders, and
year by 2030, with up to 8-fold increase by 2025. for wider society,” said Helge Lund, chairman.
In terms of emissions, the strategy calls for This means that its oil and gas production
emissions from its operations to fall by 30-35 by will decline by 40% by 2030, 1 million boepd,
2030, while emissions associated with carbon in as the company pursued a policy of active port-
upstream oil and gas production is to be 35-40% folio management. This managed decline stip-
lower by 2030 . ulates no exploration in new countries, while
The carbon intensity of products bp sells is to the remaining production will be more cost and
fall by 15% by 2030. carbon resilient.
“Energy markets are fundamentally chang- The company aims to focus on low carbon
ing, shifting towards low carbon, driven by technologies, including renewables, bioenergy
societal expectations, technology and changes and developing early positions in the emerging
in consumer preferences. And in these hydrogen and CCUS sectors.

P10 www. NEWSBASE .com Week 31 06•August•2020