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Integrating local content

Local content has emerged as a key priority for many resource-rich developing countries, including Trinidad and Tobago. Its role in deepening and widening linkages and sustainably boosting value between the energy sector and other productive sectors of the Trinidad and Tobago economy has been a topic of continuing discussion.

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Macroeconomic impacts of carbon pricing: Case of energy subsidies phase out and the introduction of a carbon price in Tunisia

As a coastal country experiencing vulnerability from climate change with environmental degradation due to an increase in average temperatures, a reduction in precipitation, a rise in sea level, water scarcity and desertification, Tunisia is no stranger to the threat that climate change can, and already poses to its people and economy. Indeed, the national constitution, passed in 2014, recognizes the threat of climate change, promising its citizens the right to a healthy and balanced environment.

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Carbon markets and carbon pricing: an explainer

The need for addressing the climate crisis through the transition to decarbonised economies is gaining precedence throughout the world. Several countries have set ‘carbon neutral’, ‘net zero’, or ‘net negative’ targets and the number of private enterprises doing the same is also on the rise. The timeline and scope (types of gases) covered varies by country; for example Sweden has committed to greenhouse gas neutrality by 2045, while China is focusing on becoming primarily carbon dioxide neutral by 2060. The consensus by scientists, however, is that in order to meet the Paris Agreement goal of limiting global warming to 2˚C or lower, the global community needs to increase climate ambition reach net zero emissions by no later than 2050. Carbon neutral or net zero implies that any emission of the type(s) of greenhouse gas covered by the policy is matched or netted off by an appropriate mix of direct emissions reductions, emissions avoidance, and emissions removal and sequestration.

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Understanding the relationship between wages and immigrant Venezuelan workers in TT

There are many estimates of the number of Venezuelans in Trinidad and Tobago. The government of TT registered some 16,523 Venezuelan by June 2019 in an attempt to start to formalize the process by which these immigrants participate in our labour market. In 2020 though, R4V put the number of Venezuelans in T&T at 33,400.

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Let’s dance

Political winds have shifted.

Populists are on defence. Liberals everywhere overwhelmingly see climate change as a central issue. The US will rejoin the Paris climate accord and climate plans will stress the need for the complete and rapid decarbonisation of the global economy. It will take trillions of dollars in spending to get it done and Trinidad and Tobago is super-positioned to take advantage of the spend. Carbon pricing, no longer viewed as politically toxic, is primed for the aggressive and costly climate plans under consideration. Welldesigned carbon pricing systems will save money rather than cost taxpayers.

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Nutrien launches carbon programme to drive sustainability

Nutrien announced the launch of the agricultural industry’s most comprehensive carbon programme, providing end-to-end support for growers to drive improved sustainability and boost profitability. As the world’s largest provider of crop inputs and services to growers, Nutrien is uniquely positioned to create the only programme at scale. It is ready to partner directly with growers to plan, plant and track sustainable farming practices and improve carbon performance.

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Rystad: Hydrogen opens a prolific service industry as coming project spending bakes a $400b pie

A wave of green and blue hydrogen projects that are poised to be developed in coming years could unlock about $400 billion worth of spending for the service industry between 2020 and 2035, a Rystad Energy industry analysis reveals. The figure excludes separate carbon capture and storage (CCS) development contracts, which could reach almost $35 billion for Europe alone.

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Proman Stena Bulk to promote a greener shipping future with additional methanol-ready vessel

Proman Stena Bulk has finalised an agreement to build an additional vessel under its joint venture partnership. The methanol-powered Stena Prosperous will join the Stena ProPatria and the Stena ProMare in the Proman Stena fleet in Q2 2022. Each vessel will use 12,500 tonnes per annum of methanol as a marine fuel, significantly reducing emissions in their normal commercial operations compared to conventional marine fuels.

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RBC Trust commits USD 10m to MPC Capital’s Caribbean renewables platform

MPC Capital AG (Deutsche Borse Scale, ISINDE000A1TNWJ4) has announced that RBC Trust (Trinidad and Tobago) Limited, a subsidiary of RBC Financial Caribbean Limited, has committed USD 10 million into its Caribbean listed feeder-vehicle to further grow the portfolio of renewable energy assets.

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EnergyNow Issue 34

EnergyNow is available online.

Featured Stories:
Ortoire block continues to deliver
Lightsource reveals details about renewable energy projects in TT
Predator moves forward with CO2 injection project in partnership with Massy Gas Products
Maersk secures two rig contract with Total for Suriname drilling

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