The imperative to align the global energy system with the 1.5C goal has never been more compelling. August 2023 marked the hottest month on record, surpassing even the record set in July 2023 by a significant margin. The frequency and severity of climate change impacts are escalating, underscoring the urgent need for action.
According to the International Energy Agency IEA, global carbon dioxide CO2 emissions from the energy sector reached a new record high of 37 billion tonnes Gt in 2022, 1% above their pre-pandemic level, but are set to peak this decade.
DBS Bank CEO Piyush Gupta highlighted some of the key challenges...
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