The future looks bright for renewables after a successful 2017
Renewable energy output increased by more than a quarter last year.
Output rose by 27% due to weather conditions and newly installed capacity activating online.
According to an Electric Insights Report published by Imperial College London, solar, wind, hydro, and biomass created 96TWh in 2017.
Wind output grew by 45% hitting 45TWh and contributing to 15% of total power generated, and has since reach 19%.
“Generation from coal continues to fall and is now the preserve of colder months as opposed to being the mainstay of generation as it was in 1958,” remarked Dr Iain Staffell, academic at Imperial College London.
“60 years ago, the power system emitted 93 million tonnes of CO2; in 2017 renewables managed to produce the same amount of electricity by emitting just three million tonnes.”
“The share of fossil fuels on the system has fallen from 80 per cent to 50 per cent since 2010 and the effect that shift in the balance of power is having in terms of lowering our carbon emissions is striking.”
The Energy Outlook report, released BP, argues that renewables will increase by five times by 2040, being the fastest growing fuel source.
The firm claims that electric vehicles will account for 15% of the total market, but that carbon emissions will also rise by 10% in the review period.
“We are seeing growing competition between different energy sources, driven by abundant energy supplies, and continued improvements in energy efficiency,” said Spencer Dale, Group Chief Economist at BP.
“As the world learns to do more with less, demand for energy will be met by the most diverse fuels mix we have ever seen.”
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.