The year 2020 brought us a devastating pandemic and an economic slowdown but also some decisive moments for the global energy transition. Last year ushered in a wave of groundbreaking pledges on carbon and climate neutrality. Meanwhile, clean energy investments have proven resilient to the global economic downturn, further shrinking prices for renewable power generation equipment and the ongoing electrification of many economies. Finally, a potential game changer for the global energy transition occurred last November: After nine years of protracted negotiations, the Regional Comprehensive Economic Partnership (RCEP) was signed by 15 Asian and Pacific countries. Early signs, however, suggest it will prove a mixed bag for efforts to reduce global CO2.
Autumn 2020 has seen a dramatic net-zero shift among the world’s industrial giants, with China and South Korea aiming for carbon-neutrality by 2060 and 2050, respectively, and Japan – for climate neutrality by 2050. East-Asian economies, along with the EU, are leading the global climate efforts in terms of long-term ambitions, but a closer look at energy transition progress and the climate policies reveals another potential global leader – India. Maria Pastukhova investigates.
On September 22 China’s President Xi has delivered the country’s new pledge to reach peak carbon emissions earlier than 2030 and carbon neutrality by 2060 to the UN General Assembly. If pursued, this pledge marks a fundamental shift in China’s global climate ambitions and will have profound long-term impact on the global economy and energy markets. How sustainable will this impact be for the globe? Well, it all depends. Maria Pastukhova has the details.
One-fifth of EU emissions are from road transportation, and they’re rising. The EU is trying to help matters by pushing electric vehicles and batteries – but while this would help with decarbonization, it comes with its own risks, as Radostina Primova explains.
2018 saw temperatures, natural disasters and CO2 emissions hit record highs. Meanwhile, our world leaders are procrastinating, says Michał Olszewski.
As delegates from around the world met in Katowice, Poland at the COP 24 Climate Summit, it’s clear that renewable energy is getting cheaper and being adopted faster than ever before. However, emissions continue to rise as investors keep pouring money into coal and other fossil fuels. L. Michael Buchsbaum takes a look.
The move toward electric vehicles is making steady progress worldwide, as companies and countries align behind aggressive growth targets. But a renewed battle between California and the Trump Administration on vehicle policies is throwing North American plans into turmoil. Ben Paulos takes an in-depth look.
Despite negative media reports, environmental regulation cannot be blamed for the coming upheavals in the automobile sector. It’s the failure of the auto industry to react to the transition to electric vehicles that spells disaster, Daniel Rieger explains.
The Moon Jae-in administration’s nuclear phase-out policy has begun to take shape. The Korean Energy Information Agency explains how citizen concerns are addressed.