Could ‘Transition Credits’ Make the Switch Away from Coal Economically Viable?
Asia is the largest producer of emissions on the planet, accounting for more than one-half of global emissions and tripling the level of emissions from the United States, currently the world’s second-largest emitter. With China leading as Asia’s top emitter at over one-quarter of global emissions, the continent has been keen on cutting its reliance on coal in favor of cleaner energies. However, major Asian nations such as China are heavily reliant on coal for energy production, especially as energy shortages and high prices have made other sources of energy nonviable in recent months. Transitioning away from coal to cleaner…
