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Pathway to Zero Emissions for Hard-To-Decarbonise Industries
Decarbonisation of hard-to-abate sectors will be among the most essential tools to empower the world's emission reduction targets. While the progress had so far been stalling and challenges remain, the opportunities for a rapid transformation of hard-to-decarbonise sectors are there for the taking.
Asia’s Role in Defining the Pace of Renewable Energy Transition
The talk about the renewable energy transition often revolves only around the need for new clean energy capacity to replace the existing global fossil fuel fleet. If the world is to maximize the results of its net-zero aspirations, the scope of the renewable energy transition dialogue and action should widen to also include critical aspects like the need for better policies, equal electricity access, reskilling, and more.
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.
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.
Vietnam’s 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.
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.
Why Asia’s Transition to Sustainable Energy is Critical
Over the past decade, the renewable energy progress across Asia has started to pick up pace. However, due to how important the continent is for the global decarbonisation efforts, the world doesn't only need Asia to progress. The world needs it to lead the sustainable energy future.
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...
Fossil Fuel Industry and the Media’s Role in Greenwashing
The fossil fuel industry has long relied on greenwashing. And in the last decade social media and increased internet use has made it much easier for this misinformation to reach consumers. Now it can be challenging to interpret true claims from greenwashed facts. It falls on the shoulders of consumers, regulators, and industry to clamp down on these tactics.
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.
Asia’s Pathway to a Sustainable Future
As the biggest energy consumer and leading CO2 emitter, Asia is the continent in the biggest need of tangible and collective action in the fight for a net-zero future. While the progress hasn't been on par with the EU and the US so far, experts are unequivocal - Asia is the continent that will experience the biggest renewable energy boom in the upcoming decades. For financiers, this means unrivalled opportunities.
Greening Urban Transport in Asia to Meet Net-Zero Goals
Most Asian countries have some form of net-zero goal. Reaching these goals is critical but only possible if transportation emissions significantly decline. Unfortunately, throughout Asia, many countries are seeing a steady increase in personal car ownership. It will fall on the government and private sector to develop sustainable forms of urban transport that increase transportation efficiency and decrease emissions.
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