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Greater Mekong taps carbon market growth
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon
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Next government faces the difficult task of balancing decarbonisation ambitions with energy security realities
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Japan has historically been the world’s largest LNG importer
Vietnam Japan South Korea LNG Gas Wind
Tom Young
11 April 2022
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Asian nations must avoid gas infrastructure – Carbon Tracker

Vietnam, South Korea and Japan must invest now in transitioning their power infrastructure away from natural gas to reach net zero by 2050, says think tank

Vietnam, South Korea and Japan must invest now in transitioning their power infrastructure away from a dependence on natural gas if they are to remain on a pathway to reach net-zero emissions by 2050, according to a report from UK-based think tank Carbon Tracker. The three countries currently depend on LNG imports for the bulk of their power supply. Despite all having targets to reach net-zero emissions by 2050, they have a total of nearly 85GW of gas-fired capacity planned—56GW in Vietnam, 18GW in South Korea and 10GW in Japan. These investments do not make sense from a business nor emissions-reduction perspective, the report says. It finds that 86pc of the planned projects will be economic

Also in this section
EU proposes 90% 2050 climate target
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Greater Mekong taps carbon market growth
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon
Namibia eyes diversifying energy mix as oil stalls
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report

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