At the end of October 2021, in one of the biggest annual climate gatherings, COP26 aimed to secure global net-zero emissions by mid-century. This would be done through keeping the global temperature rise within 1.5 degrees Celsius, encouraging adaptation to protect communities and natural habitats, mobilising finance and accelerating actions through collaboration between governments, businesses and civil society.
On the fourth day of the United Nations Climate Change Conference of the Parties (COP26), host United Kingdom, which has already almost entirely phased out its coal power fleet, announced that forty-six countries had pledged to close their coal power plants, with richer countries committing to doing so in the 2030s and developing countries in the 2040s. This follows on the agreement last week by the Group of Twenty (G20) nations to stop financing overseas coal plants and the existing efforts of the Powering Past Coal Alliance, which has expanded to forty-eight countries with the addition of twelve new members mainly from Europe. Although the significance of Thursday’s announcement was limited by the non-participation of China, India, the United States, and other key coal-consuming and producing countries, several other key coal-burning countries did join.
Around 16 million new jobs could be created in clean energy, energy efficiency, engineering, manufacturing and construction industries in the Asia-Pacific region, more than compensating for the estimated loss of five million jobs by downscaling industries.
The Asia-Pacific Trade and Investment Report 2021 was jointly launched on Monday by the UN Economic and Social Commission for Asia and the Pacific (ESCAP), the United Nations Conference on Trade and Development (UNCTAD), and the UN Environment Programme (UNEP).
Climate-smart policies have a significant cost, particularly for carbon-intensive sectors and economies, but the cost of inaction is far greater. Some estimates are as high as $792 trillion by 2100, if the Paris Agreement targets are not met.
NATO member states have been frequently deploying aircraft to the Asia-Pacific region but the region doesn’t welcome military bloc, major-power confrontation, or Cold War instigators, Chinese State Councilor and Foreign Minister Wang Yi said in a video meeting with NATO Secretary-General Jens Stoltenberg on Monday.
Gas consumption in China is growing faster than in any other country of the Asia-Pacific region, Gazprom CEO Alexey Miller said on Friday.
He was speaking at the 24th annual general meeting of the International Business Congress, which took place on September 14-17 in a mixed format.
“The Chinese market is the most dynamic and fastest in terms of growth. Every year it simply stuns us with the growth rate of consumption and 2021 is no exception. In the first half of the year, the volume of natural gas consumption in China increased by 15.5%, and the volume of imports by 23.8%. This means that by the end of 2021the forecast estimates of consumption in China will amount to 360 billion cubic meters and the volume of imports will be 160 billion cubic meters, “Miller said.
He added that by 2035, China’s natural gas imports are seen at 300 billion cubic meters per year.
According to Miller, in general, gas consumption in the Asia-Pacific region is expected to grow by 1.5 trillion cubic meters by 2040. Moreover, 60% of this volume will be imported.
“For the Asia-Pacific region, it is very important to ensure that the energy balance of these countries is environmentally friendly. This means that natural gas should play a significant role in it because it is natural gas that is the cleanest, most reliable and accessible natural resource. It Most importantly, in terms of development of technological consumption, it is difficult to find an alternative to it,” Miller added.