CLIMATE CHANGE CONFERENCE
·
SUBSCRIBERS

Climate urgency will push South-east Asia to confront fuel subsidies, LNG, offsets

Wong Pei Ting
Janice Lim

Wong Pei Ting &

Janice Lim

Published Mon, Sep 18, 2023 · 05:00 AM
    • Besides tried-and-tested renewable energy options such as solar and wind, the transition focus could lead to greater acceptability around liquefied natural gas as a transition fuel.
    • Besides tried-and-tested renewable energy options such as solar and wind, the transition focus could lead to greater acceptability around liquefied natural gas as a transition fuel. PHOTO: EPA-EFE

    HEIGHTENED debate over fossil-fuel subsidies, liquefied natural gas (LNG) as a transition fuel and the role of carbon offsets lie ahead for coal-dependent South-east Asia, observers told The Business Times (BT) in the wake of a key climate “stocktake” report.

    The recently released synthesis report for the Paris Agreement’s first global stocktake found that global greenhouse-gas emission curbs are far short of mitigation pathways to avert catastrophic temperature levels. The report, which will set the tone for negotiations at the upcoming 28th United Nations Climate Change Conference (COP28) in Dubai in late November and early December, called for urgent climate action.

    Policy changes

    Fast-tracking policymaking on energy transition plans, increasing climate ambitions and targets, and ensuring ambitions translate to actions are some important policy moves that governments need to make, observers told BT.

    Copyright SPH Media. All rights reserved.