energy transition
2024 Trends in the Asian Solar Market: Growth and Opportunities
With China's global leadership in clean power deployment and technological innovation and Vietnam's solar market experience, Asia has the blueprint to champion the green energy transition. Will the region grab the opportunity?
Clean Energy Investment in 2024 Twice Amount for Fossil Fuels: IEA
The IEA’s World Energy Investment 2024 reveals that while clean energy spending is at record levels, the investments still fall short of what is required for a 1.5°C-aligned world. The agency also highlights stark market contrasts and calls for more ambitious policy measures to bridge the financing gap.
G20 Summit 2024: Agenda and Promising Early Signs
The G20 Summit 2024 agenda promises to focus on advancing climate crisis solutions and the clean energy transition, addressing social inclusion, poverty and hunger, scaling up green capital for developing countries, reforming MDBs and discussing taxation on billionaires.
How to Decarbonise Transport: A Challenging But Realistic Mission
Decarbonising the transport sector will be challenging, especially in the air and maritime segments. However, progress in road transport shows that bringing technical, commercial and scalability barriers is possible if there is strong policy support.
Affordable and Clean Energy: How to Achieve?
In a special report, the International Energy Agency notes that accelerated clean energy deployment will...
Global Energy Transition Index – Quantifying Progress
The Energy Transition Index is a score of how well a country is doing in their energy transition. Ultimately, this tool can be used to identify areas that need funding, support, or incentives to speed up change.
South Korea’s Energy Mix and Its 10th Basic Energy Plan
South Korea's decarbonisation progress so far makes hitting its 2030 and 2050 targets unrealistic. In its current form, the 10th Basic Energy Plan that will come into force this year is unlikely to change that. The country needs more ambitious renewable energy targets, a sentiment also echoed by South Korea's biggest businesses.
The Climate Leadership of the G7 Now Hangs on Japan
Without ensuring that all members share the same views regarding the energy transition, the G7 will have difficulty leading global climate policy. Convincing Japan of the urgency of phasing fossil fuels out and accelerating clean energy adoption is integral before the G20 and COP29 meetings later this year.
G7 Ministerial Meetings 2024 – Outcomes
The G7 has sent a clear message that it is moving away from coal. While a good start, the targets are vague and insufficient for a 1.5°C-aligned world. The G20 and COP29 summits and the upcoming NDC updates round provide the perfect opportunities to accelerate progress.
ASEAN Energy Transition: The Role of LNG
While the oil and gas industry insists that LNG demand will continue growing in upcoming decades mainly due to the economic growth of China and Southeast Asian countries, market experts and analysts claim the opposite, stressing the fuel's energy security and environmental, economic and geopolitical risks.
Tripling Renewable Energy Capacity Is Possible, But 2023 Didn’t Help
Despite the record clean energy capacity additions in 2023, leading agencies and market analysts warn that the world is falling short of the trajectory required for a 1.5°C-aligned scenario. Can the G7 and G20 take action to help us change course?
Asia’s Net-zero Transition Outlook 2050: Opportunities and Challenges
Accelerating the net-zero transition across Asia would ensure improved energy security and various economic gains, including cheaper energy, reduced fossil fuel subsidies, green jobs, reduced climate change costs and more.
Hydropower Reliance Is Risky for Asia
Scientists and experts warn that hydropower over-reliance can expose Asian countries to economic, environmental, social and energy security risks. However, hydropower can unlock various gains in a solar and wind-led energy transition.
South Korea’s Energy Mix: Prominent Role of Fossil Fuels
The IEEFA warns that South Korea’s misplaced faith in fossil fuels could create a vicious cycle of spiralling energy costs, derailed decarbonisation progress and loss of opportunities as investors back the transition to renewable energy.
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