• 2020 September 9 18:53

    DNV GL presents Energy Transition Outlook 2020

    The behavioural and economic ramifications of COVID-19 will permanently reduce global energy demand, according to DNV GL’s newly published Energy Transition Outlook.

    Compared to the pre-pandemic forecast, energy demand will be lowered 6-8% each year to the middle of the century. COVID-19 has prompted major behavioural shifts important to energy consumption, as demonstrated by reduction in long distance travel and the increase in home office, both of which are responsible for the peak in transport energy demand and oil demand in 2019. DNV GL believes these trends are likely to have lasting societal effects, which will a have major impact on energy demand from transport and commercial buildings.

    Carbon dioxide emissions are set to fall 8% this year, making 2019 the year of peak carbon dioxide emissions. However, we will still blow past the carbon budget for a 1.5-degree future in 2028, and if we are to meet this target, we must repeat the 2020 emissions saving every year until the middle of the century.

    And despite these significant shifts in the energy system, the transition is affordable; as a proportion of GDP, humanity will be spending less on energy in 2050 (1.6% of global GDP) compared to 2018 (3% of GDP). As the world will spend an ever-smaller share of GDP on energy, it allows policy makers additional room to take the extraordinary actions required to decarbonize the energy mix.

    The rapid rise of electric vehicles is perhaps the shining example of how policymakers can transform an industry. DNV GL forecasts that by 2032 half of new car sales will be electric. This will cause a steep reduction in oil demand from road transport, which DNV GL forecasts will decrease by 56% from 2018 to 2050. The same policy levers must be applied to stimulate other technologies that are vital to reduce energy use and emissions. Carbon Capture and Storage (CCS), for example, is a vital component in decarbonizing natural gas, including the production of blue hydrogen, but a lack of policy coordination means that by 2050 CCS will only capture 11% of carbon emissions despite elements of the technology first appearing in the 1970s.

    About DNV GL

    DNV GL is the independent expert in risk management and quality assurance, operating in more than 100 countries. Through its broad experience and deep expertise DNV GL advances safety and sustainable performance, sets industry benchmarks, and inspires and invents solutions.

    Whether assessing a new ship design, optimizing the performance of a wind farm, analyzing sensor data from a gas pipeline or certifying a food company’s supply chain, DNV GL enables its customers and their stakeholders to make critical decisions with confidence. 

    About the Energy Transition Outlook

    DNV GL’s Energy Transition Outlook is an independent forecast of the world’s energy future through to 2050. Analysing global and regional demand and supply of energy and the competition between and development of the various energy sources, and their interplay with population and economic development, policy and technology, the forecast outlines DNV GL’s view of the most likely trajectory of the energy system. The forecast is delivered by DNV GL’s corporate research unit in combination with more than 100 experts from the company's business areas, and aided by 30 external experts.




2021 July 24

15:02 Union Pacific reports 2Q 2021 results
13:29 Major £10M project aims to unlock untapped potential of ocean renewable energy fuels
12:37 LR: Turning to technology to tackle container ship fires
11:14 Survitec enhances lifeboat inspection solution to deliver savings and flexibility for ship operators

2021 July 23

18:27 EBRD and Ukraine boost low-carbon hydrogen development
18:03 ROSATOM and GDK Baimskaya LLC sign agreement to jointly supply energy to Baimsky plant
17:58 Van Oord signs contract with the Spanish energy company Iberdrola for the Baltic Eagle offshore wind farm
17:50 Chantiers de l’Atlantique completes installation of EGCS on three MSC Cruises vessels
17:41 ROSATOM and Aeon Corporation agree to Arctic shipping cooperation
17:32 RWE, Shell, Gasunie and Equinor sign a declaration of intent on the AquaSector project
17:18 Rosatom and DP World sign Cooperation Agreement
16:55 RosGeo eyes exploration of solid mineral deposits in the Persian Gulf
16:32 Learn the latest global LNG trends with LNGcon 2022
16:30 ROSATOM and Moscow State University’s Marine Research Centre sign cooperation agreement on environmental impact assessment in Arctic
16:07 Rosatom expects transit cargo flow along NSR to reach 20-30 million tonnes per year by 2030
15:39 ROSATOM and Nornickel sign supplementary agreement on icebreaker accompaniment
15:01 Sea Port of Saint-Petersburg handled 4.1 million tonnes of cargo in H1’21, up 12% YoY
14:36 Recovery of investments in offshore geological exploration not expected by RosGeo before 2022
14:14 Wärtsilä to provide thrusters for two Chinese wind farm turbine installation vessels
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13:12 A deep sea mineral riser system reviewed by ABS in an industry first
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12:09 Ningbo Containerized Freight Index rises in July 2021
11:43 Vietnamese Navy ships arrived in Vladivostok to participate in Russian Navy Day celebration
11:11 GTT receives orders for the tank design of two new LNG сarriers
11:07 Integrated drill of emergency response teams conducted at CPC Marine Terminal near Novorossiysk
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10:24 Baltic Dry Index as of July 22
10:06 Crude oil market sees downward price correction
09:48 Russian Maritime Register of Shipping supports the 4th International Conference “Development of Icebreaking and Support Fleet”
09:30 China ports container volume rises 15% in first half of 2021
09:27 Alexei Rakhmanov: USC is set to open up routes that do not depend on foreigners
09:09 Sea Port of Saint-Petersburg handles high-speed train intended for Uzbekistan Railways
08:40 MABUX: Global bunker prices may continue firm upward trend on Jul.23.

2021 July 22

19:00 Northern Sea Route cargo traffic rose by 2.59% to 17,047,282 tonnes YTD
18:35 Equinor Brasil Energia awarded a contract to Floatel Victory
18:05 Solstad Offshore ASA announces new contract for the CSV Normand Jarstein to DeepOcean AS
17:55 Manila Harbor Center aids PH Coast Guard’s substation project
17:25 Suek AG supramax vessel Kumpula to sail through Northeast Passage
17:05 US FMC establishes Ocean Carriers Audit Program
16:25 Survitec enhances lifeboat inspection solution to deliver savings and flexibility for ship operators
16:05 RINA and SWS mark a new era in Cruise shipbuilding in China
15:27 Multipurpose Reloading Complex in Ust-Luga handled 2.24 million tonnes of coal in H1’21, up 4% YoY
15:22 DBS partners maritime players and MPA to complete Singapore’s first live bunker delivery financing pilot with digital bunker delivery note
15:11 Two new hybrid LNG-electric ships join to the Brittany Ferries fleet
15:05 Second batch of oversize equipment for Amur GCC reloaded in De-Kastri
14:42 CMA CGM to launch a new Indian Ocean feeder service
13:21 DCT Gdańsk Welcomes New CEO – Charles Baker
13:20 Port of Rotterdam posts H1 2021 results
12:58 Seven entities interested in investing in Port Gdański Eksploatacja
12:03 Shipping industry announces international decarbonisation conference at COP26
11:03 Boskalis awarded contract for deepening the approach channel to harbor of Harwich, UK
10:29 Transport Canada issues new Ballast Water Regulations
10:24 Rosmorport completes repair dredging at Vostochny seaport
09:53 Crude oil market sees downward price correction
09:36 IAA PortNews opens registration for 4th International Conference “Development of Icebreaking and Support Fleet”
09:22 Baltic Dry Index as of July 21
08:31 MABUX: Global bunker prices may continue firm upward evolution on Jul 22

2021 July 21

18:30 MSC Cruises restart its activity in the Port of València