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Financial emergency

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Insufficient momentum in Asia energy transition


Insufficient momentum in Asia energy transition
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Given its place in the global economy, Asia has a critical role in climate change mitigation and the de-carbonisation of the region’s energy system needs to be at the core. Asia is under increasing pressure to move faster on its energy transition as the
global shift towards carbon neutrality accelerates. While the restructuring of the region’s energy system is underway, its pace has been insufficient.
There has been a material rise in cancellations of proposed coal power projects in Indonesia and elsewhere.”
Phasing out coal
The stakes from climate change are high for Asia with multiple studies showing the region to be among the world’s most vulnerable. A crucial issue for Asia has been its energy system’s heavy reliance on thermal coal which generates the most carbon dioxide (CO ....

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