AsiaElec - Asia Power

COP26 sectoral initiatives could close 2030 emissions gap by 9%

An initial assessment by Climate Action Tracker of the impact of the Glasgow sectoral announcements for methane, coal, forests and transport show they would reduce the 2030 emissions gap between current government action and a 1.5C pathway by 9%.

AFrElec: UK funding to support developing cities and regions transition to net zero by 2050

The UK government has announced GBP27.5mn ($37.1mn) of seed funding to support the UK Urban Climate Action Programme in a bid to tackle climate change and reduce emissions in cities in Africa, Asia and Latin America.

Guterres stresses emissions, finance gaps still major barriers to 1.5C

UN Secretary-General António Guterres told the COP26 summit that much work remains to be done to fill the emissions gap and the finance and adaptation gap, despite welcoming the agreements on forests, methane and coal made so far.

China’s coal pledge threatens 43 GW of planned capacity in Asia

Up to two-thirds of the world’s planned coal-fired power plants could be shelved if China follows through on its recent pledge not to build new coal projects abroad.

AsiaElec: Japan’s geothermal energy boost

23 countries make zero-emissions vehicle pledge

November 10 was Transport Day at COP26 in Scotland, and parts of the automotive industry had pledged to end the sale of petrol and diesel cars and vans by 2035 in leading markets and by 2040 across the globe.

First COP26 agreement lacks targets and detail

COP26 has come up with a first draft agreement that calls on governments to improve substantially by the end of 2022 their emissions reduction targets and long-term strategies for reaching net zero.

COP26 still far from comprehensive agreement

The first week of COP26 was dominated by grand statements by governments, and a number of sector-specific targets covering methane, coal and deforestation.

Development banks ADB, EBRD, EDB showcase climate-friendly capital at COP26

The UN’s COP26 climate conference in Glasgow has seen development banks from around the world come together to outline their contributions to a low-carbon future. Robust financial infrastructure is key to a just and efficient transition.

Offshore global wind spending to exceed oil and gas capex in key markets by 2030

Offshore wind is closing the gap on oil and gas investments and is forecast to surpass them in “several key markets” by 2030, according to a new Rystad Energy analysis.