Fateful date for Earth, G7 to discuss Global Apollo Programme next week
The lower price of using coal to generate electricity, along with the slow pace of green energy technologies is preventing humanity from confronting climate change effectively.
This is why a group of British leaders have devised a plan to change this, according to Recharge News.
The plan, known as the Global Apollo Programme, is founded by UK climate envoy and former chief scientist David King, ex-BP chief executive John Browne and Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment. Its mission statement reads: “A major global research programme to make carbon-free baseload electricity less costly than electricity from coal, and to do it within ten years.” (my italics)
The plan is to ask countries to devote at least 0.02 percent of GDP to renewable energy technology research and development (R&D.)
According to the Programme’s website, the plan “will be modelled on the International Technology Roadmap for Semiconductors which has reduced semiconductor prices year on year for thirty years.”
Countries that volunteer will integrate a Commission which in turn will appoint a Roadmap Committee which “identifies the bottlenecks to cost reduction year on year and co-ordinates international research to unblock the bottlenecks,” reads the website.
The plan’s fate may be decided as soon as next week at the G7 summit in Germany. The Programme is on the agenda of items for discussion. It is hoped that by the end of the year the major countries of the world will have decided to join.
Trafigura and Yara International explore clean ammonia usage
Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050.
How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.
Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:
- The supply of clean ammonia by Yara to Trafigura Group companies
- Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
- Development of new clean ammonia assets including marine fuel infrastructure and market opportunities
Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.
There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.
Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.
Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.
Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.
It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.