WoodMac: Asia Needs To Invest More In Gas To Lower Emissions

Despite the call from the International Energy Agency (IEA) that no new funding for fossil fuels is necessary if the world wants to get on the net-zero 2050 pathway, Asia is the region where investments in gas are necessary to cut its reliance on the more polluting coal, Wood Mackenzie said on Thursday. “With coal still accounting for around two-thirds of China’s primary energy mix and coal demand continuing to rise across many other markets, switching to natural gas is seen as critical to emission reduction goals,” Gavin Thompson,…