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Last month, the International Energy Agency (IEA) published its landmark report: Net Zero by 2050: a Roadmap for the Global Energy Sector, the world’s first comprehensive study of how to transition to a Net Zero energy system by 2050 without compromising energy affordability, energy access and economic growth. The Net Zero narrative desperately needed clarity to avoid greenwashing, and the IEA did not disappoint regarding the implications of reaching the goal by 2050.
The response from Australia and Japan was far from complimentary. At the heart of these responses are its implications for coal use in Asia, which has long been considered the last bastion of demand.
In line with global calls like the IEA’s to reduce coal consumption, China - as the world’s largest coal consumer - has made a stance against the world’s d…