BNEF: COP26 Fossil-Fuel Deal Lacks Clout to Make Big Mark

The video discusses international support for the clean energy transition, highlighting a new initiative aimed at phasing out all fossil fuels. It compares this initiative with the Powering Past Coal Alliance, noting differences in scope and target entities. The video also examines the absence of major Asian countries like China and Japan, which continue to fund oil and gas projects overseas. Surprisingly, the US has signed on, despite its historical support for LNG investments. The video questions whether the Biden administration will maintain this stance or adapt it to align with the new initiative.

What might be a reason for the absence of certain Asian countries in the initiative?

What is the significance of the US signing on to the new initiative?