Get rid of coal in Asia by 2035 for clean energy.

By Oliver Townsend Jun 4, 2024
Phase out coal in all of Asia by 2035 in order to transition to clean.jpegOrginal image from: https://www.eco-business.com/opinion/phase-out-coal-in-all-of-asia-by-2035-in-order-to-transition-to-clean-energy/

Transitioning to clean energy is crucial for the future of our planet, and phasing out coal is a significant step in that direction. As the Asian Development Bank hosts its annual Asia Clean Energy Forum, the focus is on accelerating the clean energy transition in the region. However, the urgency of the situation demands more than just acceleration; it requires a rapid and just transition to clean energy with clear targets and timelines.

Accelerating the Clean Energy Transition

The devastating impacts of climate change are already being felt globally, emphasizing the need for immediate action. To meet the Paris Agreement’s goal of limiting global warming to below 1.5°C, a rapid reduction in greenhouse gas emissions is essential. This involves phasing out fossil fuels and embracing renewable energy sources like solar and wind on a large scale.

Phase out coal in all of Asia by 2035

Coal consumption in Asia has been on the rise, posing a significant challenge to climate mitigation efforts. To align with the Paris Agreement and achieve ambitious climate goals, a total phase-out of coal in Asia by 2035 is necessary. This transition will enable the region to pursue climate-resilient development and sustainable growth.

Shift energy finance from fossil fuels to renewables

Financing plays a crucial role in facilitating the transition to clean energy. Public financial institutions and private banks must redirect their investments from fossil fuel projects to renewable energy initiatives. By aligning financial support with sustainable energy goals, the transition to renewables can be accelerated, paving the way for a cleaner and greener future.

Wind and solar must supplant fossil fuels

Renewable energy sources like wind and solar offer a cleaner and more sustainable alternative to fossil fuels. By prioritizing the growth of renewables and phasing out dirty energy sources, countries in Asia can meet their energy needs while reducing their carbon footprint. The rapid deployment of renewable energy technologies is essential to achieving a 100% clean energy mix by 2050.

Conclusion

The shift towards clean energy is an urgent necessity, and phasing out coal in Asia by 2035 is a critical step in that direction. By accelerating the transition to renewables, shifting energy finance, and prioritizing wind and solar energy, countries in the region can work towards a sustainable and climate-resilient future. It’s time to take bold and decisive action to secure a cleaner and brighter tomorrow for generations to come.

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