Two-thirds of the global increase in demand for energy will come from Southeast Asia as it modernises, and experts say more than half of this will be met with renewable energy. Eco-Business looks at the corporate and geopolitical trends that will shape the growth of energy in the region.
One of the biggest questions for policymakers, investors, and ordinary citizens is whether the development and adoption of clean-energy technologies will take place slowly or rapidly. There is ample evidence to suggest that it will happen quickly, and that those beholden to fossil fuels will soon be throwing good money after bad.
If Asia is to rise to the clean energy challenge then sharing energy between countries will be one way to deal with intermittency issues. But political obstacles aside, how will it work?
Australia needs to drastically overhaul its power market in order to harness and benefit from the country’s skyrocketing rooftop solar and battery market, according to the Clean Energy Council (CEC).
Which countries among the 10 Asean member states can claim bragging rights for being the most progressive on renewable energy, and what are they doing right?
Venture philanthropy is relatively rare in Asia, where charitable donations are the norm for tackling social and environmental problems. But more strategic funding can help Southeast Asia rapidly transition to clean energy, says one of the world’s most powerful venture philanthropists, Eileen Rockefeller Growald.
Read more: https://www.iea.org/publications/freepublications/publication/TrackingCleanEnergyProgress2017.pdf