More jarringly, Asia Pacific will not hit net zero by 2050 unless India, Indonesia and Vietnam reach peak emissions 12 to 18 years earlier, according to the Asia Pacific’s Energy Transition Outlook by BloombergNEF and GenZero, released Oct 16.
In 2019, Singapore announced its “four switches” strategy — comprising solar energy, regional power grids, low-carbon alternatives and natural gas — to reach net zero by 2050. Of these, natural gas is Singapore’s main source of energy currently.
Net zero by 2050 is rapidly approaching, and countries are scrambling to decarbonise. The urgency has never been greater; in Southeast Asia, where coal-fired power plants average less than 14 years old, fossil fuels will be expected to account for about 70% of the region’s energy mix until the end of the decade.
