Asia is now responsible for the majority of global greenhouse gas emissions, and decarbonizing the continent is critical for the world to keep temperature increases below 1.5°C. But one major loophole isn’t just holding back progress — it could doom global net zero goals.
Following the COP27 climate summit in 2022, G7 nations unveiled plans to help countries including Southeast Asia’s most coal-dependent nations, Indonesia and Vietnam, retire their coal plants earlier than scheduled, while a growing number of major Western banks and Asian countries announced they will no longer finance coal-fired energy.
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