Asia resists calls for net-zero emissions
Emissions targets have taken centre stage at oil and gas conferences. But Asia has different short-term priorities despite the potential damage climate change may cause in the developing world
Unless Asia radically changes its energy mix, rampant demand growth will offset the world’s efforts to tackle climate change, delegates at IP Week heard yesterday. “Asia is the 800lb gorilla in the room,” says Peter Godfrey, managing director of Energy Institute Asia Pacific. “Economic growth is massive, more than 50pc of energy demand [growth]. Unless we solve the situation in Asia, we will not solve climate change at all.” Yet, the immediate priorities for policymakers in Asia are different from those in OECD nations. Asian governments are understandably focused on local problems, such as reducing local air pollution, nationwide access to electricity and clean cooking. To meet these ambiti
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity