cop26
Vietnam’s National Climate Change Strategy to 2050 and the Plan for Meeting Its COP26 Commitments
Vietnam's latest move is proving that despite the growing needs of its energy-hungry economy, it will actively pursue its net-zero commitment and prioritise climate change mitigation and adaptation efforts – a move that other Asian countries should take note of.
The Reality of Oil and Gas Industry’s Net-Zero Commitments
There has been an increase in oil and gas firms committing to achieve net zero by 2050. However, with rising CO2 emissions, the current scenario demands immediate action. Experts stress the need to set an interim target with clear timelines.
After COP26, Towards COP27, Where Are We At Today
COP26 managed to keep the 1.5°C target alive, although with a weak pulse. COP27 would have to instil life in it.
India After COP26: Tackling Coal Dependence Head On
India made five major climate pledges at COP26 culminating with a 2070 net-zero target. Unfortunately, there are many hurdles for the country to reach this target - most significantly the country's reliance on coal and inefficient energy grid. Full adoption of renewable energy hinges on government policy to incentive domestic and international investment.
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.
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.
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...
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.
Net-Zero Pledges – Who’s Walking the Talk?
The transition towards clean energy and net-zero emissions is speeding up, driven by pledges from...
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