Renewable Energy
Asia-Pacific’s Role in Climate Diplomacy
Fossil fuel rich countries have historically controlled climate diplomacy. As the world transitions to renewable energy, these countries will lose their global pull. This opens the door for countries to dictate their own future without the risk of damaging relationships with energy exporting allies.
How the Oil and Gas Sector Can Drive Renewable Energy Growth
The oil and gas sector currently employs over 12.6 million people, but demand is shrinking. On the other hand, demand for renewable energy workers is increasing.
Can Governments Implement Behavioural Change for Energy Transition?
While governments and big business are often held responsible for emissions, consumers also play a role. Behavioural change of consumers can influence change in both businesses and governments. These changes can drive impacts like subsidy swaps, fossil fuel funding restrictions, and global policies.
Innovative Energy Distribution Systems for a Fair and Just Energy Transition
Historically large vertically integrated energy providers have dominated the market. Lack of competition from energy providers has created a stagnant industry with minimal competition and interest in innovation. With the adoption of distributed energy systems, the major utilities are being challenged, spurring innovation. Energy providers will have to look to new business models to remain relevant.
How Banks Are Making It Hard to Fight Climate Change
While banks are increasingly looking to diversify into climate-friendly portfolios, many institutions continue to back coal. Due to their increased responsibility and influential role in fighting climate change, banks should aim to end support for coal expansion and redirect financing towards renewable energy projects.
The Reality Behind China’s Net-Zero Target: Can It Be Achieved?
China's 2060 net-zero target is starting to appear in question. Their recent increase in coal production, combined with lacklustre commitments at COP26, are not good signs. This raises several red flags, as China has significant influence over the region, and their climate actions will have trickle-down effects that dictate regional net-zero progress.
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?
Are Prosumers the Future of the Renewable Energy Transition?
Prosumers result from decentralized energy systems - they generate and use their own energy. This model is a crucial strategy for increasing electrification in remote areas, and the implementation of local microgrids allows prosumers to work in sync. Excess power generated can be sold throughout the community. Asia is ready for the rise of prosumers.
How to Achieve UN Sustainable Development Goals and Targets [Part II]
The following years will have to make up for the lack of significant progress in the implementation of the SDG goals and targets since their introduction in 2015. The key to succeeding is in collaboration and striking a harmonious balance involving governments, companies, stakeholders and society.
SDG Targets: Collaboration is the Key to Asia’s Energy Transition [Part I]
The successful implementation of the SDG targets is a universal goal. The lack of progress globally presents Asia with the unique opportunity to emerge as the much-needed leader to sustainable development. To do that, it should prioritise collaboration and partnerships.
Global Economic Recovery after COVID-19 Pandemic – What 2022 Holds for the Energy Market
We sit with experts and stakeholders from all parts of the energy market to discuss what 2021 taught us, how will the global economic recovery continue in 2022 and which will be the decisive factors for the energy market and climate finance in Asia going forward.
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.
Geopolitics and the Importance of the Energy Policy Environment for the Net-Zero Transition
The increasing demand for renewable energy and green technologies in the upcoming years will be detrimental to the developments on the global geopolitical stage. To avoid the mistakes of the oil era, this time the focus should be on cooperation.
Stranded Fossil Fuel Assets: A Looming Burden
Stranded fossil fuel assets pose a significant risk for the world. They will affect governments, lenders, and private institutions. The only way to limit this risk is to shift investment away from new fossil fuel projects and develop policies to support the change.
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