Ahead of the release of the final part of the ‘Europe on the Move’ package focusing on the future of transportation and following meetings on the European Battery Alliance, mobility in Europe is on the edge of a critical transformation. This debate will explore the future of mobility, highlighting the evolving, prominent, conflictual but also complementary role electrification and hydrogen will play.
The European Investment Bank (EIB) and ING today signed an agreement to support green investments for the European shipping market for a total value of EUR 300m. ING and EIB will each contribute EUR 150m to the facility. This agreement will ensure that sponsors of green and sustainable projects in the maritime transport sector can benefit from advantageous financial terms.
PARIS – Mexico officially became the International Energy Agency’s 30th member country on 17 February 2018, and its first member in Latin America. The membership came after the signed IEA treaty (the IEP Agreement) was deposited with the government of Belgium, which serves as the depository state, following ratification by the Mexican Senate.
No one likes being misled by airlines, not on price, or where their luggage ends up. But fliers face a new risk: being misled on how sustainable their flights are. In a few years, fliers could be told that some of their ticket price is being used to prevent deforestation when in reality those forests had been cut down years ago. That’s because in 2016 countries meeting at the UN’s aviation agency (ICAO) agreed to establish a scheme to offset aviation emissions above 2020 levels, but left it uncertain as to whether they would deliver on this promise. The scheme, known as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), means airlines won’t have to cut their CO2 emissions but instead pay other actors (the “offsetting” bit) to reduce theirs.
CANBERRA – Dr Fatih Birol, the International Energy Agency’s Executive Director, met with Australian Government to discuss energy security, and the role of renewables, natural gas and clean-energy technology in the transformation of Australia’s energy system.
Light commercial vehicles, or vans, are a neglected area of EU road transport policy as they are often exempt from safety and environmental policy such as driving regulations or tolls, compared to their direct competitors, trucks. This enhances their attractiveness and in part explains why their use and emissions are growing. CO2 standards for van makers are much weaker than for cars, as a result van makers do not deploy the same efficient and innovative technologies to vans to lower their emissions.
Today, the Commission adopted the report on the mid-term evaluation of the Connecting Europe Facility (CEF). The evaluation assessed the programme’s overall performance in light of its objectives, and what has been achieved to date. Regarding transport financing, the report recognises that CEF has brought a clear added value, in particular for the completion of the TEN-T core network by 2030 and for the low-emission mobility ambition.
Almost every Christmas gift you gave or received two months ago was transported vast distances across the ocean, spending weeks inside a shipping container. What powers these epic journeys across the globe? Unfortunately, it’s not reindeers. It’s the black, sludgy dregs of the refining process known as heavy fuel oil. Each tonne, when burned, releases several thousand times the amount of sulphur and tiny lung-damaging particles that petrol or diesel cars do, while also contributing to dangerous climate change.