Sizeable coal power projects are costly and heavily reliant on foreign capital, but international investors are increasingly hesitant to finance coal projects.
The current pace of renewable-energy adoption still falls short of what it will take to hit the Paris agreement’s mid-century net-zero targets, and to meet the immediate development needs of those living in energy poverty.
As the frontrunner for green hydrogen projects in Southeast Asia, Sarawak’s success or failure in the next two years will serve as a bellwether for Malaysia’s hydrogen economy goals, Asean’s hydrogen future and global clean hydrogen demand.
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.