News Commentary | July 22, 2020
In a recently unveiled "National Steel Strategy" roadmap, Germany pledged to decarbonize its steel sector by 2050, which it estimates would cost $34 billion, but failed to commit to financial incentives for the industry to reach that goal. The pledge comes on the heels of the unveiling of its ... To read more, click here.
News Commentary | September 23, 2020
China has established itself as global leader in key new energies, but its emissions have grown significantly in the past two decades, making up nearly 30% of the global share. Very few details were unveiled, but China highlighted that a green strategy in a post‑COVID world is important for global ... To read more, click here.
News Commentary | January 11, 2021
Last year, we predicted that in the aftermath of COVID‑19, countries will make use of domestic resources an even greater priority, though not at the sacrifice of decarbonization efforts. Indonesia is emerging as one country looking to favor its domestic coal and palm oil resources over the shift ... Not part of subscription
by Runeel Daliah
The pledge was made by Japan's newly appointed prime minister, Yoshihide Suga – previously, the country only targeted CO2 emissions reduction of 80%. Details on how to reach this goal remain vague, but the country is already at the forefront of the hydrogen economy, in particular hydrogen imports, which will be essential to decarbonizing its economy, as Japan does not have enough capacity for renewable energy production. With this pledge, Japan joins the likes of the EU, China, and South Korea, which recently made similar commitments.
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