The transition to a low-carbon economy could occur faster than investors may think. Climate change has already become one of the most prominent line items on the world’s agenda. But we believe that its impact on the global macroeconomy is just beginning and increasing in pace. In our view, investors should think of the transition
In 2021, the world got a glimpse of the impacts of climate change, from extreme heat waves on the West coast of the U.S. to unprecedented flooding in New York City. But the world also saw an increased response: more funding went to companies working on climate solutions than in any previous year. As of
The time is right to tap into hydrogen’s potential to play a key role in tackling critical energy challenges. The recent successes of renewable energy technologies and electric vehicles have shown that policy and technology innovation have the power to build global clean energy industries. Hydrogen is emerging as one of the leading options for
The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate-friendly. The European Commission is expected to propose rules in January deciding whether gas and nuclear projects will be included in the EU “sustainable finance
As the OPEC+ group commemorates the 5th anniversary of its founding, oil prices continued to rise despite the ongoing increase in the rate of infections with the Omicron variant, as Brent crude rose 3.3 percent. The cancellation of many flights did not affect the price rise, which amounted during this year to more than 45
Jiangnan Shipyard, located just north of Shanghai, has this week delivered the world’s largest ethane carrier to UK firm Ineos. The 60,000 dwt Pacific Ineos Belstaff very large ethane carrier can carry 99,000 cu m of liquified gas. The vessel features a large B-type tank along with a gas containment system developed by the shipyard
There are 135 districts in India that are dependent on coal, while an estimated 13 million people are directly or indirectly linked to the coal economy. According to a report by National Foundation for India, these people will be impacted due to the impending coal transition with India committing to a phasedown of unabated coal
Suezmax rates from the Mideast Gulf to the west coast of India have been rising on account of higher demand from Indian state-controlled refineries. Indian state-controlled refiners continued to operate at higher capacities this month in anticipation of an increase in fuel demand in 2022. “Indian charterers have been quite active over the past few
Asian industrial and beverage grade ethanol import prices may rise in 2022 as key exporter Brazil sees higher domestic prices and strong sugar valuations. Brazilian hydrous ethanol values, FOB Santos, closed at $612/cu m on Dec. 23, higher than $416/cu m on Jan. 4, S&P Global Platts data showed. Ethanol prices have been climbing toward
Criticism has been heaped on the International Maritime Organization-approved Annual Efficiency Ratio (AER), the key measure to define how ships fare when the Carbon Efficiency Indicator (CII) starts in just over a year time. The December in-depth feature looks at the demands of tomorrow’s workforce. Company culture needs to change dramatically in order to attract