‘Shadow fleet’ oil tankers pose growing risk in SEA

southeastasiaglobe.com

An armada of poorly regulated, scrapyard-ready tankers is hauling sanctioned oil through the region’s bustling shipping lanes. With that, they’re carrying an ever-present threat of environmental catastrophe

IAN HOLLINGER AUGUST 29, 2023

‘Shadow fleet’ oil tankers pose growing risk in SEA
Smoke rises from the oil tanker Pablo after it suffered from multiple explosions on 1 May off the coast of Malaysia. The ship was registered to Gabon and was part of the so-called “ghost fleet” of little-regulated tankers. Photo courtesy of the Malaysian coast guard.

On the morning of 3 May, residents of Batam, Indonesia, the largest city of the country’s Riau Islands, woke up to beaches black with oil. 

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Renewables Competitiveness Accelerates, Despite Cost Inflation

IRENA.org

Abu Dhabi, United Arab Emirates, 29 August 2023 – The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity.

Renewable Power Generation Costs in 2022, published by the International Renewable Energy Agency (IRENA) today shows that the renewable power added in 2022 reduced the fuel bill of the electricity sector worldwide. New capacity added since 2000 reduced the electricity sector fuel bill in 2022 by at least USD 520 billion. In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up to USD 580 billion. 

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