The Transition Pathway Initiative Centre (TPI Centre) at the London School of Economics and Political Science (LSE) has released new research evaluating the emissions reduction targets of coal mining companies. The analysis reveals that a significant majority of coal mining companies are failing to align with the goals of the Paris Agreement. In the short term (2028)\, 72% of companies are misaligned or lack sufficient emissions disclosure to be assessed. This proportion worsens over time\, rising to 90% in the medium term (2035) and 96% in the long term (2050).
Emerging markets and developing economies (EMDEs) have a critical role in the global coal transition\, as many of these countries remain heavily dependent on coal for energy security and industrial growth. However\, TPI Centre’s sovereign research also shows significant renewable energy opportunities in Asian EMDEs such as China\, India\, the Philippines and Indonesia. The pipeline of new renewable energy capacity in these countries amounts to about 45% of total global megawatts of planned capacity of renewables\, of which 37% is from China.
This webinar presented the new coal mining sector methodology and assessment results and discussed sustainable\, just transition in coal-reliant economies\, especially for emerging markets in Asia.
Introduction:
Confirmed speakers: