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, Vice Chairman, Energy – Asia Pacific at WoodMac, wrote in an analysis. Last week, the International Energy Agency (IEA) shocked all stakeholders in the energy industry with its suggestion that the world doesn’t need any new investments in oil, gas, and coal beyond what is already approved if it hopes to achieve net-zero emissions by 2050. Asia is probably the […]