Lee Ying Shan reports on Asia’s efforts to reduce its greenhouse gas footprint for CNBC.
- The CEO of Malaysia’s state-owned oil and gas company (Petronas) has stated that Asia will have to reduce its emissions first before the rest of the world can.
- China is responsible for a third of global emissions and is building more coal-fired plants than the rest of the world combined.
- Moreover, a majority of future emissions are projected to come from the Indo-Pacific region as countries in the area rise up the economic ladder.
- The U.S. can help Asia reduce its emissions by engaging in free trade negotiations and exporting clean technology to the region.
“‘Unfortunately, the narrative to date has been driven by idealists. Extremists who believe there’s a binary switch that overnight we can turn from System A to System B,’ he said, referring to System A as the inherent fossil fuel backed economy, and System B as decarbonizing to zero carbon overnight.'”
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