Today and tomorrow, @G7 #Energy ministers meet in #Japan – a country, often considered a “laggard” on #energytransition. What is 🇯🇵’s energy system like and why is it so reluctant to step up #decarbonisation of its economy? A 🧵 1/19

env.go.jp/en/earth/g7/20… The “usual” arguments by the 🇯🇵 government when confronted with lack of both action and ambition on #energytransition:
1. #Japan is resource-poor
2. Japan’s geography limits #renewables build-out
3. Technologies & Innovation will solve the transition

How true are they? 2/19

For the first time in its history, the @IEA sees #fossilfuel demand peaking across all of its projections including the “business as usual” (STEPS) scenario. What does it mean for geoeconomics & geopolitics of the global #energytransition? A🧵1/13 iea.org/reports/world-… The dependency on #fossilfules is a risk to economic resilience & energy security inherent to the currently dominant economic models. High #coal, #oil and #gas prices have knock-on effects beyond energy systems reliability & fuel the global #polycrisis. 2/13

A historic moment at #COP26 #Energyday: 20 countries incl. #UK #US #Canada agree to end international direct public finance in ALL unabated #FossilFuels by 2022, shift the billions to #cleanenergy. Why this is such a big deal and what must happen next? 1/8 This year has seen countries put an end to international #coal finance - #G7, #China at #UNGA, #G20. This is the FIRST time in history developing and developed countries alike acknowledge the socio-economic and climate risks of #oil and #gas public finance. 2/8

The #GlobalMethanePledge is being launched now at COP26. Result of a massive diplomatic effort by the #EU and the #US, the pledge has now joined over 80 signatories, covering over 2/3 of the global GDP and about 46% of the global #methane emissions. 1/8 unfccc-cop26.streamworld.de/webcast/high-l… The signatories pledge to cut 30% of global CH4 emissions by 2030, targeting all major emitting sectors #agriculture, #waste, #energy. This is a major step forward & the first time CH4 made it to the top of Global Leaders' priorities list. Many more steps needed looking ahead 2/8

Well, breaking news will now keep coming every day ahead of #COP26 but this one could have MASSIVE implications for global energy markets & #fossilfuel demand: #China announces first details of its carbon neutrality framework aiming at #netzero by 2060 1/5 gov.cn/zhengce/2021-1… The document introduces several consumption "peaks": peak #coal by 2025, peak #oil during the 15th 5-yr plan (2026-2030). Food for thought for #China's largest oil suppliers #SaudiArabia, #Russia, #Iraq, #Angola, #Brazil; and coal suppliers #Russia, #Indonesia, #Australia. 2/5