COP26

COP26: How Lack of Climate Finance Derails Coal Phase-out Agenda

The chaos around the last-minute change in the coal declaration by India, China and South Africa at COP26 has certainly made it harder to reach the 1.5-degree target. At the Glasgow UN climate summit, nations pledged to phase-out coal, reduce methane, end deforestation and support the energy transition, etc. With the USD 100 billion pledge of climate finance still not being fulfilled, small and developing countries called for climate justice. Many nations now plan to revisit their commitment by the end of 2022.

COP26: The Glasgow Climate Pact Has Been Adopted

China, India, EU, US undermine global fossil-fuel phaseout pledge, as rich nations refuse climate crisis support for poorest.

The End of Internal Combustion Engine at COP26: The Glasgow Accord

The Glasgow Accord on Zero Emissions Vehicles is one of the major pieces of policy to come out of COP26. It unites governments, auto manufacturers, and fleet vehicle owners to phase out ICE vehicles by 2035. Signed by 34 countries, India is the lone signatory from Asia and will need to be a role model for the region.

COP26 – With No Financing to Go Around, Cancelling All New Coal Power Plant is a Practical Move for Host Countries

China’s recent pledge solidifies a global financial trend away from coal, as several private and governmental institutions, most notably from Japan and South Korea followed by all G20 countries, have made similar announcements. Recent announcements at the COP26 climate talks from national governments also raises questions about the future of new coal plants. With several countries pledging to phase-out coal in 2040 – or the equivalent conditional on financial support – building new coal capacity will be incompatible with these carbon neutral pledges and other climate commitments.

COP26 and the Future of Hard-to-Abate Sectors in Asia

The announcements during the COP26 can be a turning point in the global energy policy. Not only because of all the new initiatives and targets for renewable energy development and coal phase-out, but also thanks to commitments to decarbonise hard-to-abate sectors.

COP26: Clean Energies Finally Ready To Break Through

As decarbonisation accelerates the world over, clean energy is taking centre stage. Since the Paris Agreement, the rate of growth for solar and wind capacity has increased every year. Dramatic cost reductions have rewired the economics of electricity. Renewables are entering a golden age. Seizing the opportunities they provide, including cheap, robust and secure energy for all, will be crucial over the coming decade.

Vietnam Coal Pledge at COP26 – A New PDP8 and Net-Zero by 2050

Over the past year, Vietnam has been going back and forth in its energy roadmap. However, the country used the stage of COP26 to announce ambitious renewable energy targets and a commitment to phase out coal - a clear sign that it is getting back on the right track.

COP26: Glasgow Marks The Beginning Of The End Of Coal

At the COP26 in Glasgow, President Alok Sharma declared, “we finally kicked coal in the past where it belongs,” underlining deals to end international coal financing and phase out coal power.

Samsung Renewable Energy and the Squid Game Protest at COP26

CSOs call upon Samsung to power all of its worksites on 100% renewable energy during a Squid Game-themed protest at COP26. This is in response to the global semiconductor manufacturer's failure to show sufficient progress in reducing emissions, despite claiming to be an eco-friendly leader in sustainability and smart technology.

Cheap Green Hydrogen and its Impacts on Asia’s Oil and Gas Industry

Much has been said about the trouble in decarbonising sectors like shipping and aviation, but...

Global Methane Pledge COP26: Its Impact on Asia’s Oil and Gas Industry

In the build-up to the COP26 conference in Glasgow, all eyes were set on global leaders to make meaningful progress in addressing methane emissions, the second leading cause of climate change. While the Global Methane Pledge is a necessary first step, governments and the fossil fuel industry will have to do more if we are to remain on track to meeting the Paris Agreement goals. In the meantime, the oil and gas landscape in Asia will have to change.

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