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May 6, 2021 | 7:54 pm
Asiaâs transition to renewable energy is in progress but the pace of change is insufficient to curb carbon emissions with the region still dependent on coal-fired power, ANZ Research said Wednesday.
âWhile some economies have made more progress than others, all have a long runway before climate change objectives can be attained,â ANZ Research said in its Asia Insight report.
Of the nine countries cited in the study, the Philippines has increased its share of coal power in the four-year period after 2015.
ANZ Research estimated that renewables took up 10.5% of the Philippinesâ primary energy in 2019 while coal made up 36%. In 2015, renewables accounted for 12% of the primary energy supply while coal took up 30.6%. ANZ Research described this as a âsetbackâ in terms of decarbonization efforts.
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