A new natural capital accounting law and approved global carbon market trading rules could drive nature-based solutions. Eco-Business examines six key trends in the Philippines' push for decarbonisation and a just transition.
Airlines came under intense scrutiny for suspect green claims this year, as did net zero targets, sustainability-linked loans and the UN-led COP process. Australia led the Asia Pacific region for penalising firms for greenwashing with fines.
Some startups have had to trade clean energy on a smaller scale “behind-the-meter” without the support of government policies. A key barrier is Thailand's centralised energy system which is in need of a reform, say experts.
Investors risk pouring billions into what could soon become stranded assets in countries such as the Philippines. Liquified natural gas is not the future – it’s a financial trap.
Oleh
Kurt Metzger
Carbon capture and storage has been hailed as a potential way to reduce emissions, but it is more likely to increase them by boosting oil and gas extraction. The cheaper and more effective solution is to move to cleaner forms of energy.
Oleh
Kevin Morrison
Bullish gas plans ignore the financial challenges of infrastructure development, renewable energy potential in the region and climate policy restrictions.
Oleh
Ayumi Fukakusa and Lidy Nacpil
Australia’s gas future must involve energy security and climate security. The new government strategy fails to strike this balance.
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Samantha Hepburn
The oil and gas sector needs to cut operational emissions faster, Charlotte Wolff-Bye tells the Eco-Business podcast. But slashing fuel output won’t do for the Asian supplier, and it welcomes respectful debate at the climate summit.
The Philippines has ended new coal development as it pursues a low-carbon future. Don Paulino of non-profit Philippine Energy Independence Council and boss of Shell's exploration arm, argues why natural gas should remain in the energy mix.