Marine energy demand to fall if IMO introduces more policies to meet 2050 goal: IEA

Marine energy demand will fall in the long run if the International Maritime Organization provides more policy incentives to reach its net-zero target by 2050, the International Energy Agency said Oct. 16, even as shipping disruptions in the Red Sea have boosted short-term bunker demand. In its latest annual World Energy Outlook, the Paris-based energy watchdog said energy consumption by…Marine energy demand will fall in the long run if the International Maritime Organization provides more policy incentives to reach its net-zero target by 2050, the International Energy Agency said Oct. 16, even as shipping disruptions in the Red Sea have boosted short-term bunker demand. In its latest annual World Energy Outlook, the Paris-based energy watchdog said energy consumption by…Read More