Nearly 60 countries have drastically scaled back their plans for building coal-fired power plants since the Paris Agreement in 2015, according to figures released by Global Energy Monitor (GEM).
The Philippines, Vietnam, Malaysia, and Thailand have named extreme weather as their top concern, putting it ahead of issues like unemployment and economic recession, a study by the ISEAS-Yusof Ishak Institute finds.
The draft of its new Corporate Net-Zero Standard proposed the separation of Scope 1 and 2 reporting and expects companies to commit to using cleaner energy by 2040. It also addressed the use of carbon credits to address residual emissions.