Coal divestment plans from three major Japanese banks and South Korea’s pledge for a similar policy proposal are part of a growing investor backlash due to costs of building coal power plants amid sluggish electricity demand.
Sanghun Lee –
In April, South Korea was lauded as “the first East Asian country to pledge net zero emissions by 2050” – but it didn’t. The concept and content of the “Green New Deal” is still being debated.
Christian McCormick and Paul Schofield –
One of the immediate impacts of the coronavirus crisis was a fall in global energy use. While demand will likely rebound to previous levels, the overall energy mix is changing. Renewables are playing a bigger role as traditional sources such as coal become increasingly uneconomic. This trend was already in place when the pandemic hit, but is now proceeding at an accelerating pace.
The Philippines’ Congress and conglomerates confirm backing a shift to Renewable Energy. The country has a rare opportunity to come together in support of clean energy options that will benefit everyone.
Using a coal retirement mechanism, nations could phase out coal power and replace it with renewables more quickly while creating new jobs, improving public health, and changing the trajectory of carbon emissions.
Zafirah Zein –
In the video, environmental law group ClientEarth compares the oil and gas giant's advertisements on its low-carbon investments to a burger chain claiming that they’re vegan because they’ve got salad on the menu.