South Korea
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.
Green Transportation in South Korea – a Key Enabler for the Net-Zero Revolution
South Korea is facing an uphill battle to make notable progress towards clean energy in line with the Paris Agreement commitments. Green transportation appears to be one of the most powerful tools in the government's arsenal. The opportunities in the industry are huge, while the challenges are solvable.
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...
Why Asian Financiers Are Still Financing Coal
Global banks have funneled trillions of dollars in coal financing since the Paris Climate Agreement...
How Biden Wants to Lure Smaller Nations Away from China’s Coal Grip
With his ambitious renewable energy plan, US President Joe Biden has found a fresh field...
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