article thumbnail

IMO Environment Committee approves draft mandatory regulations to cut ship carbon intensity; technical and operational

Green Car Congress

The International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) has approved draft new mandatory regulations to cut the carbon intensity of existing ships. This builds on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.

article thumbnail

DOE to award up to $88M for oil and natural gas recovery research

Green Car Congress

The Department of Energy’s (DOE’s) Office of Fossil Energy announced up to $88 million in federal funding for cost-shared research and development projects enhancing technologies for oil and natural gas recovery under two separate funding opportunity announcements (FOAs). of total US production in 2008 (0.8 billion barrels.

Oil 306
article thumbnail

Neste Oil and Finnish Environment Institute to begin joint algae research; focus on NExBTL renewable diesel

Green Car Congress

Neste Oil is expanding its algae research ( earlier post ) with the launch of a joint algae research program with the Marine Research Centre at Finnish Environment Institute (SYKE). The program is part of Neste Oil’s efforts aimed at using algae oil as a raw material for producing NExBTL renewable diesel in the future.

article thumbnail

Commentary: Could falling oil prices spark a financial crisis?

Green Car Congress

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

article thumbnail

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

Green Car Congress

in 2008, against 3.3% In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. billion tonnes in 2008. Source: PBL. Click to enlarge.

2008 170
article thumbnail

IMO sets 2020 date for ships to comply with low sulfur fuel oil requirement; 5000 ppm

Green Car Congress

The International Maritime Organization (IMO), the regulatory authority for international shipping, decided to implement a global sulfur cap of 0.50% m/m (mass/mass) (5,000 ppm) on fuel oil starting 1 January 2020 during its Marine Environment Protection Committee (MEPC), meeting for its 70 th session in London.

Oil 150
article thumbnail

EEA finds only mixed progress for Europe’s transport sector in meeting environment, climate goals; GHG emissions up 25% since 1990

Green Car Congress

Europe’s transport sector is making only mixed progress in meeting its environment, health and climate policy targets, according to the latest European Environment Agency (EEA) assessment which tracks the short and long-term environmental performance of this key economic sector across the European Union. in 2015 to 7.1%