Fossil Fuel
The Power Sector in Bangladesh Is Slowing Its Economic Growth
Bangladesh's energy crisis rocked the country in the second half of 2022. Brought on by record-high LNG prices, the country – which is heavily reliant on natural gas – had to limit local energy consumption. Rolling blackouts, power-shedding and other energy-saving measures have been significant roadblocks for the country's growing manufacturing sector.
Asia’s Role in the Russia-Ukraine War: One Year Later
A little over a year after the start of the war in Ukraine, CREA's data reveals that countries continue actively buying Russian fossil fuels, with Asian nations among the leading contributors to Russia's state budget.
China’s Fossil Fuel Addiction and the Green Transition
China's renewables development leads the world by a more than a two-to-one ratio, but its fossil fuel usage still accounts for more than 50% of its power production needs, creating the world’s highest GHG emissions.
Greenwashing Ads: Fossil Fuel Giants Dominate Social Media
Social media platforms are proving the perfect environment for the oil and gas industry to run greenwashing campaigns. Without swift and adequate action, tech companies risk becoming complicit partners in delaying and derailing necessary climate action.
Japan’s Hydrogen Plans: A Closer Look
Japan is basing much of its 2050 net-zero goals on hydrogen development without clearly defining what it considers "clean hydrogen". As such, its hydrogen plans mostly rely on blue hydrogen, which still involves burning fossil fuels.
Carbon Capture and Storage: Pros and Cons
Carbon capture and storage (CCS) provides a pathway towards reducing fossil fuel-related emissions and bolstering hard-to-abate carbon intensive industries. Additionally, it provides benefits like economic growth and job creation and can be crucial to the global low-carbon shift. However, questions remain regarding its high costs and varying effectiveness.
Global LNG Outlook 2023: Is There a Future for LNG?
Global LNG markets will remain volatile for the rest of the decade, negatively impacting Southeast Asia. The region's carbon emissions-intensive gas-to-power build-out exacerbates the problem. With a myriad of problems from LNG and gas-to-power usage, energy economics dictate that renewables development is the best path for Southeast Asia.
Japanese Technology Expansion: Southeast Asia Pays the Price
This year's G7 meeting, which Japan will chair, remains an important moment for its international credibility in the battle against the climate crisis.
Facebook’s Renewable Energy Progress: Is It Enough?
Facebook reached 100% renewable energy and net-zero for operational emissions in 2020 – goals that were set in 2018. These are good stepping stones, but they make a small impact based on the scale of the business. Scope 3 emissions are still high and will be Facebook's new carbon-neutral target in the coming decade.
Ammonia: Fuel of the Future?
Ammonia acts as an energy carrier similar to hydrogen. However, ammonia has several traits that make it more promising than hydrogen for the global energy transition. Regardless, green ammonia production costs remain prohibitively expensive for widespread adoption.
What Will It Take For Japan To Achieve Carbon Neutrality by 2050?
Japan prepares to host this year’s G7 meeting in light of public criticism for its lack of decarbonisation progress and a continued obsession with fossil fuels. However, the country is now uniquely positioned to prove its critics wrong. Doing so will unleash various positives, both for Japan and the region.
The Pros and Cons of Ethanol: Does It Have A Place In The Future?
Ethanol is a renewable alternative to gasoline and diesel. However, its production and use have significant negative impacts on the environment that will become more pronounced as climate impacts increase. Understanding these pros and cons is crucial to effectively growing and using the biofuel as part of the energy transition.
Samsung’s Journey To Carbon Neutral: How Does It Stack Up?
Samsung aims to be carbon-neutral by 2050, and its public-facing messaging shows progress towards this goal. However, the company's net-zero target takes place 10 to 20 years later than Apple, Google and Amazon. This, among other concerns, raises the question: Is Samsung doing enough for sustainability?
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.
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