Reflections from Davos 2025
By Jason Bordoff I spent last week at the Annual Meeting of the World Economic Forum in Davos, and, as in prior years, am writing to offer a...
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Reports by Antoine Halff • April 21, 2016
By the International Maritime Organization’s (IMO) reckoning, some 5.5 million barrels of oil — 6% of world demand — get burned daily as bunker fuel on the high seas. Those bunkers are the world’s last big sink for high sulfur residual fuel oil (HSFO), the “bottom of the barrel,” as air-emission rules for ships have to date remained relatively loose. Tighter sulfur regulations may soon change that, with far-reaching impacts for the shipping industry, energy markets and air emissions from ships.
On February 8, 2016, the Center on Global Energy Policy at Columbia SIPA, in partnership with Axelrod Energy Projects and the Royal United Services Institute (RUSI), hosted a roundtable with Dr. Edmund Hughes, head of air pollution and energy efficiency at the IMO, to discuss the new rules. During the discussion Dr. Hughes said that the IMO may decide by October 2016 – sooner than a previously set deadline of end-2018 — whether to maintain a January 2020 target date for implementation of the new standard, or postpone it by up to five years. Participants discussed the various paths to compliance with the rules and the challenge of enforcement on the high seas. This Dialogue Report report provides a summary of the roundtable discussion.
Slow Steaming to 2020: Innovation and Inertia in Marine Transport and Fuels
President Donald Trump has made energy a clear focus for his second term in the White House. Having campaigned on an “America First” platform that highlighted domestic fossil-fuel growth, the reversal of climate policies and clean energy incentives advanced by the Biden administration, and substantial tariffs on key US trading partners, he declared an “energy emergency” on his first day in office.
While he hasn’t released an official plan, Trump’s playbook the last time he was in office and his frequent complaints about clean energy offer clues to what’s ahead.
November’s election for president of the United States will have crucial implications for the nation’s and world’s energy and climate policies.
Full report
Reports by Antoine Halff • April 21, 2016