Articles
Companies’ Climate Pledges: A New Report Unveils the Reality
While no company is perfect, there are clear leaders that others should strive to follow. In the end, decarbonisation should be a common goal that can only succeed through collective efforts. And there is no sector better positioned to lead the global efforts in addressing climate change than the tech industry.
Renewable Energy May Provide South Asia Relief From Energy Price Shocks
Imported fossil-fuel-dependent South Asian economies, India, Bangladesh and Pakistan, have not been able to escape the perils of volatile and elevated prices of oil, gas and coal in the international energy market. However, renewable energy promises to ensure affordable energy and shield the foreign currency reserves of South Asian countries.
Go Clean ICBC: Fossil Fuels Continue to Dominate the Investments of Chinese Banks
China and its state and privately owned banks' continued support for coal projects are the main lifeline for the dirtiest fuel. However, with global decarbonisation efforts underway, supporting projects like these can also bear massive financial and reputational risks.
Bangladesh Grapples With Adani Over One-sided Power Deal
Bangladesh finds itself in an expensive coal-fired power plant deal with Adani. Not only is the deal not in the best interests of Bangladesh, it needs to be replaced by cleaner and cheaper renewables development.
South Korea’s Energy Mix and Its 10th Basic Energy Plan
South Korea's decarbonisation progress so far makes hitting its 2030 and 2050 targets unrealistic. In its current form, the 10th Basic Energy Plan that will come into force this year is unlikely to change that. The country needs more ambitious renewable energy targets, a sentiment also echoed by South Korea's biggest businesses.
The Pros and Cons of Hydrogen Energy
Hydrogen energy has many pros. It can be made sustainably with few emissions. However, it has several significant cons, like high production costs and a lack of infrastructure. If the world can provide more financial and political support for the technology, it will play a major role in the global energy transition.
Coal Price Forecast 2023 and Outlook
The latest coal price forecasts suggest that the fossil fuel is losing momentum after gaining traction over the past two years. What factors are at play and what might coal usage look like in 2023?
Is Apple Sustainable?
Apple's 2030 net-zero goals for its products and supply chain are the focus of its sustainability efforts. So far, the company has been making progress toward this goal, yet there is still a long way to go. Additionally, while net-zero is important, it is not the only facet of sustainability. Topics like waste generation and resource use are also critical for limiting impacts on the planet.
Clean Energy Technologies 2023: Opportunities and Risks of the New Energy Economy
The clean energy revolution is well and truly underway and, China alone won't be able to satisfy the demand for renewable energy technologies. At the same time, investors are hungry for investments. By shaping carefully crafted industrial strategies and welcoming regulatory policies, Asian countries can position themselves for sustainable growth while decarbonising their economies.
Why Is Renewable Energy Important?
Renewable energy has one of the most critical roles to play as the world feels the effects of climate change. It must replace fossil fuel infrastructure to reduce ongoing emissions and help countries build resilient energy grids.
India-Australia Free Trade Agreement’s True Impact on India’s Coal Imports
With the India-Australia bilateral trade agreement (IAFTA) coming into force, will coal from Australia really be 2.5% cheaper and entice India to up its imports?
The Impacts Of the Electricity Price Increase On Asian Countries
While the electricity price hikes across developing and developed Asian nations started in 2022, they are expected to extend into 2023. This risks impeding economic growth, fueling inflation and affecting the poorest the most. On the bright side, it is the perfect moment for a long-needed energy system overhaul.
Indonesia’s Coal Dependence and the New JETP
The launch of the JETP at the G20 summit in Bali last November offers new hope for Indonesia’s clean-energy transition. Under this deal, the G7 nations plus Denmark and Norway will mobilise USD 20 billion to support Indonesia’s decarbonisation efforts.
Big Oil Stalled Climate Action: What Now?
Big oil companies has known about climate change since at least the 1980s. Yet, it hasn't changed its business practices. Instead, it has worked to keep the knowledge secret and continued to promote fossil fuel use. Now, the world is suffering the consequences of long-term greenhouse gas production, and fossil fuel companies are generating record profits.
