The ADB unveiled at the climate summit its Energy Transition Mechanism, a private sector-led initiative to retire existing coal power plants. But climate groups call the scheme “premature and unclear.”
Science-based targets will be established in 12 months but the retirement of a coal plant and use of solar energy for its commercial spaces are some significant moves towards its climate ambition, said the Philippines’ oldest conglomerate.
Brunei Darussalam's renewable energy policy is as modest as its hydrocarbon strategy is ambitious. The petrostate is banking on technology to reduce its carbon footprint to preserve its ambitious expansion of oil and gas activities.
Maersk head Søren Skou says more than half of its 200 largest clients are backing technology to reduce pollution, but philanthropist Bill Gates believes the cost of new approaches will have to reduce "dramatically" for mass adoption.
Bertrand Piccard –
While some advocate economic degrowth as an option to achieve climate targets and other environmental goals, adopting efficient clean technologies can promote both economic growth and environmental goals.
Zafirah Zein –
Southeast Asia's largest energy consumer has been slow to transition to renewables, but recent policies point to greater expansion of the country's solar, tidal and geothermal energy production.
About four out of every five people impacted by sea-level rise by 2050 will live in East or Southeast Asia, creating an urgent need climate-smart solutions for cities. This year’s Innovate4Climate summit will look at the climate-smart solutions the region needs.
The Asia Pacific region is in the early stages of a transformational energy transition that requires progressive, widespread switching from fossil fuels to variable renewable energy sources such as wind …