Wärtsilä celebrates 30 years of commitment to the Mexican energy market

Technology group Wärtsilä celebrates 30 years of operations in the Mexican market. An anniversary event was held in Mexico City on 23 November. The event showcases the company’s strong presence in Mexico, and its continued commitment to supporting Mexico’s capabilities in delivering reliable and efficient power. In parallel with the anniversary event, Wärtsilä inaugurated its

DNV awards AiPs to DSIC for two liquefied CO2 concepts

 At the Marintec China exhibition, DNV awarded two Approval in Principle (AiP) certificates to Dalian Shipbuilding Industry Co., Ltd. (DSIC) for the design of a 50,000cbm floating liquefied CO2 (LCO2) storage and injection unit (FSIU) and a 20,000cbm LCO2 carrier. The AiPs confirm the general feasibility of the conceptual designs as reviewed by DNV. They

ABB introduces CO2e Calculator for enhanced transparency

ABB has launched a new digital tool allowing shipowners, operators and designers to estimate the emission-reduction impact of various ABB technologies used on board ships when compared to alternative solutions and in scenarios specified by the user. The CO2e (carbon dioxide-equivalent) Calculator is applicable to five ABB solutions for the maritime industry – Azipod® electric

ERMA FIRST awarded approval in principle from DNV for OCC

ERMA FIRST, a leading sustainable maritime solutions provider, has received Approval in Principle (AiP) from DNV for its amine absorption-based Onboard Carbon Capture (OCC) system. DNV issued the AiP to ERMA FIRST following the successful completion of a technical review, risk assessment and review of the company’s feasibility study for Onboard Carbon Capture (OCC) on

COP28 mobilised over $57 billion so far

COP28 Day 5: Among “landmark commitments” was a pledge by the UAE Banking Federation to mobilize $270 billion by 2030. Here’s all that happened COP28 summit on December 4, 2023. “COP28 has mobilised over $57 billion so far,” said a post by COP28 UAE. It added that governments, businesses, investors and philanthropists have delivered “an

India refrains from signing COP28 health and climate declaration

India refrained from signing the COP28 Declaration on Climate and Health, with sources pointing out that curbing greenhouse gas use for cooling in the health sector, which is one of the points in the document, may not be practical or achievable within the country’s healthcare infrastructure in the short term. The declaration calls for climate

India advocates nuclear power amid storage challenges

Union power minister R K Singh emphasised the need to build a suitable ecosystem in response to current challenges in storing renewable energy and acknowledged the importance of coal and nuclear energy as interim solutions, given their continuous power generation capabilities India has the potential to generate upto 100 Giga Watts of power using nuclear

Cop28 president says there is ‘no science’ behind fossil fuels phase out demand

The president of Cop28, Sultan Al Jaber, has claimed there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C. Al Jaber also said a phase-out of fossil fuels would not allow sustainable development “unless you want to take the world back into caves”. The comments were

IMF chief makes the case for carbon pricing as ‘writing on the wall’

The head of the International Monetary Fund underlined the case for carbon pricing at the COP28 climate summit, saying that the oil and gas industry recognizes “the writing on the wall.” A long-time proponent of carbon pricing, IMF Managing Director Kristalina Georgieva said this approach creates an incentive for polluters to rapidly decarbonize. Carbon pricing

PM Modi pitches for green credit initiative

Prime Minister Narendra Modi today pitched for a ‘pro-planet, proactive, and positive initiative’ to combat carbon emission at the 28th Conference of Parties being held in the UAE. PM Modi also urged world leaders to join the initiative and work towards a green future. PM Modi also thanked the world leaders for their continous support