We are not meeting Paris ambitions; there is a short window of opportunity to close the gap says the new energy transition outlook 2021 report executive summary published by DNV.
Emissions likely peaked in 2019, followed by an unprecedented 6% drop in 2020 due to COVID-19. Emissions are now rising sharply again and will grow for the next three years before starting to decline. While they are being added at great speed, renewables currently often supplement rather than fully replace thermal power generation. By 2030, global energy-related CO2 emissions are likely to be only 9% lower than 2019 emissions, and by 2050 only 45% lower. This is in sharp contrast to ambitions to halve GHG emissions by 2030 and to achieve the net zero emissions by 2050 required to limit global warming to 1.5˚C. Our forecast is that we are most likely headed towards global warming of 2.3˚C by 2100. Continue reading “Energy transition outlook 2021 report published by DNV”
The lockdowns of the past 18 months or so have given us all time to think and readjust our priorities. Like never before yacht owners and potential purchasers have been giving thought to their work-life balance, the risks of travelling and where in the world can a vacation actually take place? All of this has had a knock-on effect on the market, making yacht insurers’ lives busier than expected.
The Marine Management Organisation (MMO) has started its formal consultation on a draft Port of London Authority (PLA) Harbour Revision Order (HRO). The consultation is open until 12 October 2021. HROs amend the existing legislative basis of a port and are consented under the Harbours Act 1964. The MMO has, since 2010, undertaken this process on behalf of the Secretary of State for the Department of Transport.
