These projections are based on Bloomberg’s economic transition scenario (ETS), which is BloombergNEF's base case scenario. This scenario assumes a 2.6°C warming outcome this century, and it assumes no further policy support for the energy transition beyond existing measures that are currently in place.
Asia Pacific will not hit net zero by 2050 unless India, Indonesia and Vietnam reach peak emissions 12 to 18 years earlier. This is according to a new report by BloombergNEF and GenZero, released Oct 16.
The report, titled “Asia Pacific’s Energy Transition Outlook”, finds that the window to reach net-zero emissions by 2050 is “rapidly closing”, but immediate and accelerated action could still put Asia Pacific on track. The findings were presented by BloombergNEF’s Ali Izadi-Najafabadi, head of Asia Pacific; and Sahaj Sood, Australia senior associate.
