New South Wales plans to reach zero emissions by 2050.
The Government of New South Wales has unveiled a policy that could mean the state reaches zero emissions by 2050.
The plans were released on Thursday by Mark Speakman, New South Wales’ environment minister, and show the framework for the goal of reaching zero emissions by 2050. The plans also reveal how it will be put into effect, the funding plans and how to save energy and money.
The state intends that the policy will help vulnerable families, increase investment in the renewable sector and reduce household bills.
Mark Speakman said: “The $500m package represents a meaningful, responsible and measured investment that is consistent with and optimises the federal government’s emissions reduction policy,”
Anthony Roberts, NSW industry resources and energy minister, added: “Attracting up to $3bn of investment and jobs in energy efficiency and advanced energy in NSW, this package will facilitate the acceleration of new technologies, such as battery storage, for a safe, reliable, low-cost transition to guarantee our state’s energy security.”
Chief executive of the Climate Institute, John Connor, spoke of his approval for the plans, by saying: “With NSW now joining Victoria, South Australia and the ACT, over half of national emissions are now covered by governments targeting net zero emissions by 2050.”
The New South Wales government has said the plans are similar to the Paris Agreement; a climate deal between the EU, Canada, Nepal and India, all of whom make up 57 percent of the world’s greenhouse gas emissions. The agreement is that the nations will come up with their own ways to reduce emissions, and is to be activated on the 4th November.
South Australia also had its own plans to reach zero net emissions by 2050, but during the blackout in South Australia in September, the Prime Minister has blasted these targets, calling them ‘completely unrealistic’.
At the time, he said: “I regret to say that a number of the state Labor governments have over the years set priorities and renewable targets that are extremely aggressive, extremely unrealistic, and have paid little or no attention to energy security,”
The policy in New South Wales is currently under public debate, and submissions close in December.
Photo credit: Loic Lagarde
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.