Global orderbook: Shipping industry signals support for fossil fuels
The shipping industry is largely reliant on fossil fuels, with a significant majority of new ships being constructed to run on oil or LNG rather than green alternatives.
Global orderbook: The shipping community votes for fossil fuels
The global ship orderbook reveals that fossil fuels continue to dominate shipping, with around 93%-97% of new vessels still set to rely on oil or LNG.
Orders for ships with alternative fuels decline
Recent data reveals a significant decline in orders for ships using alternative fuels, with the majority of the global fleet still reliant on conventional fuels.
Hold on orders for 'green' ships
Recent data indicates a decline in orders for ships using alternative fuels, highlighting a growing fatigue in the green orderbook.
BP to take hit of up to $5bn on green energy as it refocuses on fossil fuels
BP anticipates up to $5 billion in writedowns on its green energy sector as it shifts focus back to fossil fuels under new leadership, although it claims this will not impact overall profits for the year.
Energy Consumption: Photovoltaics Grow, But Overall Green Power Stagnates
Despite a growth in photovoltaics, overall green energy consumption in Germany remains stagnant with fossil fuels making up nearly 80% of primary energy use.