Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review.
The findings of the World Energy Investment 2019 report signal a growing mismatch between current trends and the paths to meeting the Paris Agreement and other sustainable development goals.
The International Chamber of Shipping (ICS) – which represents the world’s national shipowner associations – remains confident that shipping will improve its carbon efficiency by at least 40% by 2030 compared to 2008, in line with the UN International Maritime Organization (IMO) targets to reduce greenhouse gas (GHG) emissions. This follows important decisions made by the IMO Marine Environment Protection Committee (MEPC 74) which met in London last week.
Peter Jackson from BLUE Communications looks at the narrative aspects of the Extinction Rebellion protests outside the International Maritime Organization headquarters in recent days, suggesting this is an interesting example of what happens when shipping doesn’t ‘tell its own story’, despite the fact that it’s urged to do this at pretty much every conference Peter’s been to.