Market-based emissions reduction policies are found to be insufficient, so binding requirements for shipping companies to reduce their annual average CO2 emissions per transport work, for all their ships, by at least 40% by 2030 have been called for.
The IMO, has held informal virtual discussions in which MCST has participated over the past week.
IMF forecasts the coronavirus pandemic to shrink World GDP by 6% in 2020. The lingering effects are expected to reduce World GDP in 2050 by 9%, relative to its potential in pre-pandemic forecasts, but still reaching double its current size.
The pandemic will reduce energy demand through to 2050 by 8%, according to model run for the linked report. Improvements in energy intensity will remain the most important factor in reducing energy demand in the coming decades, and the contraction due to COVID-19 comes on top of this. It is expected transport energy use will not reach 2019 levels again due to behavioral changes in light of travel restrictions and shifts in employment/commuter practices. It is projected oil has also reached a supply plateau, and reduced return on capital and the increased volatility in fossil fuel prices is creating more skepticism in the market for fossil fuel futures.
However, the key to reaching the Paris goals remains policy, which represents the main uncertainty as to whether the pandemic will speed up or slow down the energy transition.
https://www.dnvgl.com/energy-transition/impact-of-covid19-on-the-energy-transition.html
Posted on - 2020-07-06Tonga has launched a Joint Maritime Coordination Centre funded under Australia's Defence Cooperation Program. This Centre is intended as the main point for staging all maritime patrols and operations including His Majesty's Armed Forces (HMAF), Customs, Fisheries, and Police. Australia has also provided a Guardian Class Patrol boat and aerial surveillance capacity through its Pacific Maritime Surveillance Program. Information from the Forum Fisheries Agency, Marine and Ports, Tonga Customs and Police will also be utilised.
https://matangitonga.to/2020/07/06/tonga-s-maritime-coordination-centre-launched
Posted on - 2020-07-06