South Korea
Debunking Net-Zero in Asia: Is It Even Possible?
Net-zero by 2050 in Asia is the desirable scenario, but, judging by the current progress,...
The Future of Energy Transition Under S. Korea’s New President Yoon Suk-Yeol
President-elect Yoon Suk-yeol appears to be a wild card for South Korea's energy transition. On the one hand, he has blatantly stated that it is impossible to reach 100% renewable energy by 2050. On the other hand, he believes the country should strengthen its current renewable energy target for 2030. So where is South Korea headed for in the clean energy transition?
South Korean Green Taxonomy Declared ‘Gas is Green’
The government's decision to include gas in the Korean green taxonomy risks jeopardising the country's net-zero plans. Investors and environmental groups were quick to raise concerns, stating that, as a fossil fuel, gas carries high financial and climate risks. The question is will the Korean government listen?
South Korea’s Industrial Giants Respond to Government’s Net-Zero Goals
South Korea aims to achieve net-zero by 2050. The key to succeeding lies in enabling its world-leading industry to decarbonise at scale. While some companies are already making progress on that front, others hesitate. But the time for this is long gone.
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.
Energy Transition in Oil and Gas Sector: A Dilemma
Asia will account for an estimated share of 43% of the global energy demand by 2040. Whilst fossil fuel projects are under pressure owing to climate commitments, renewables are not yet fully developed. Will the Asian countries bank upon oil and gas to fulfill the future energy demand?
The Risks of the Continued Reliance on Oil and Gas in South Korea
South Korea's green commitments are a breadth of fresh air for a world, strangled in carbon emissions. But the country still isn't ready to abandon oil and gas.
Innovation as the Driving Force Behind the Transition to Renewable Energy in South Korea
Compared to other countries, the pace of South Korea's renewable energy transition leaves a lot to be desired. However, the latest Green New Deal shows the officials' determination to change the country's course, but will it be enough?
South Korea Prepares for Net-Zero by 2050. But Is It Enough?
While others run, South Korea seems to stroll towards its net-zero by 2050 goal. However, with the latest green deals, the local government shows ambition to change the country's trajectory and notably speed up its renewable energy transition.
Clean Energy in Asian Cities: Who is Leading the Way?
Asia is home to many of the world’s mega-cities and several are already harnessing substantial...
Asia’s Growing Renewable Energy Capacity is a Bullish Sign for Investors
Asia makes up the lion’s share of global renewable energy (RE), which will continue to...
The Corporate Hunt for Renewable Energy Investment
Large corporations can be powerful drivers for change. This is becoming more and more evident...
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