• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Renewed Push for Renewable Energy in Asia: An aerial view of a wind turbine and solar panels.

Asia Faces Renewed Push for Renewable Energy Expansion Following COP28 Pledge

12/05/2023
US Reduces Tariffs on Japanese Cars to 15%

US Reduces Tariffs on Japanese Cars to 15%

09/05/2025
Sow Property Consult Limited Nominated for Go Global Awards 2025 in London

Sow Property Consult Limited Nominated for Go Global Awards 2025 in London

09/04/2025
Esusu Africa Nominated for Go Global Awards 2025 in London

Esusu Africa Nominated for Go Global Awards 2025 in London

09/04/2025
KRIEGER Worldwide: Delivering Reliable Global Logistics and Supply Chain Solutions

KRIEGER Worldwide: Delivering Reliable Global Logistics and Supply Chain Solutions

09/04/2025
Trump Says India Offered to Remove Tariffs on U.S. Goods

Trump Says India Offered to Remove Tariffs on U.S. Goods

09/03/2025
Modi-Xi Meeting Highlights Tariff Disputes

Modi-Xi Meeting Highlights Tariff Disputes

09/03/2025
Parcel ABC Launches Free Tariff Analysis Tool

Parcel ABC Launches Free Tariff Analysis Tool

09/03/2025
Golden scales of justice on a wooden surface. Trade debate. - Supply Chain News

Trump’s Tariffs on India Spark Legal Uncertainty and Trade Debate

09/02/2025
How the U.S.-India Tariff Clash Strengthened China

How the U.S.-India Tariff Clash Strengthened China

09/02/2025
Two Great Nations Will Get This Solved": Team Trump Amid India Tariffs

Two Great Nations Will Get This Solved”: Team Trump Amid India Tariffs

09/02/2025
Cracked wall displaying the US and Indian flags, symbolizing a fractured relationship. - Supply Chain News

Trump calls India-U.S. trade relationship ‘a totally one-sided disaster’ after Modi visits China

09/02/2025
Trump says India offered to remove tariffs on US goods

Trump says India offered to remove tariffs on US goods

09/02/2025
supplychainreport
Friday, September 5, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Asia Faces Renewed Push for Renewable Energy Expansion Following COP28 Pledge

by Richie
12/05/2023
in Green Supply Chains, Sustainability & Ethics

YOU MAY ALSO LIKE

Hachiko Efficiency Services Nominated for Go Global Awards 2025

Zoni American High School Expands Global Opportunities Through U.S.-Based, Student-Centered Education

Asian economies are set to face increased pressure to reduce coal usage and enhance their renewable energy targets following a pledge by nearly 120 nations at the United Nations Climate Change Conference (COP28) to triple global renewable energy capacity by 2030. This agreement, described by the International Energy Agency as a crucial step to reduce carbon emissions, was supported by countries including Australia, South Korea, Japan, Malaysia, Singapore, and Bangladesh.

While participating nations are not mandated to individually triple their domestic renewable power, they are expected to take substantial actions contributing to this global goal. The initiative aims to accommodate varying starting points, national circumstances, and regional realities.

Notably, India and China, two significant coal-dependent nations, did not sign the agreement. However, they have separately declared intentions to commit to global targets aligning with the 2015 Paris Agreement’s goal to limit global temperature rise to 1.5°C above pre-industrial levels.

To reach the set target of tripling renewable energy, the world needs to achieve 11,000 gigawatts of renewable energy, with solar and wind power contributing the majority of the additional capacity. A report by climate think tank Ember indicates that this target is achievable, though it requires an average annual growth rate of 17% in renewables deployment.

Countries like Australia, Japan, and South Korea have been urged to increase their efforts to meet ambitious renewable targets. However, transitioning away from coal, the most carbon-intensive fossil fuel, remains a challenge for these economies.

China is on track to double its renewable capacity by 2030, and countries like India, Indonesia, and the Philippines are aiming to more than triple their renewable capacities by the same year. Southeast Asian countries are also expected to surpass the 2030 target due to their currently low capacity and untapped potential.

For developing economies with ambitious targets, the focus is on accelerating the deployment and construction of necessary infrastructure. Expanding and modernizing domestic power grids is crucial to manage the variable output of renewable sources. Additionally, the global financial architecture must be reformed to support the energy transition in developing countries, with increased development finance and a shift of public capital from fossil fuels to renewable sources.

Regulatory measures to incentivize the adoption of green energy, building resilient supply chains for equipment, and developing a skilled workforce are also essential. This global pledge is seen as a call to action for Asian governments to facilitate a just and comprehensive transition to renewable energy compatible with the 1.5°C target.

Breaking supply chain news is just a click away at The Supply Chain Report. Enhance your knowledge of international trade at ADAMftd.com with free tools.

#COP28 #RenewableEnergyAsia #CleanEnergyTransition #NetZeroAsia #ClimateAction2030 #SustainableAsia #RenewablesGrowth #CoalReduction #ParisAgreementGoals #EnergyInfrastructure #GlobalEnergyPledge #GreenFinance #AsiaRenewableTargets #ClimateGoals #CarbonNeutralAsia

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.