Opinion / #coal
A decade ago, few governments could imagine a future without fossil fuels. But economic realities have changed and developing countries increasingly view the energy transition as a pathway to green growth.
If they are serious about a sustainable future, they must close loopholes and extend coal policies across clients’ entire value chains, denying new financing to companies using coal unless they have credible, time-bound clean energy plans.
Southeast Asian countries have struggled to stick to their promises to reduce coal use in their energy mix. High-level commitments must be translated into enforceable roadmaps, and private demand unlocked to acceelerate clean energy investments.
The world is not on track to meet its climate targets, and the devastating effects of global warming are appearing faster than many anticipated. But the undeniable progress made in the Paris climate agreement's first decade provides reason to hope that more progress can be made.
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