As the planet’s number one emitter, there are hopes that renewed policies and reporting guidelines will pave the way for China to realise its 2030 carbon neutrality ambitions. While 2025 signals greener progress ahead, experts say the need to balance energy security interests, however, may see fossil fuels firmly in the grid for longer.
The new Partnership for Carbon Accounting Financials guidance goes beyond the dominant financed emissions metric and could be used to quantify avoided emissions from financing the early phase-out of coal, which has gained momentum in Asia.
EB Studio
Amid escalating climate losses and no net zero goal in sight, a newly proposed Low Carbon Economy Investment Act and ambitious private sector-led initiatives only way for Philippine industries to decarbonise.