APAC

Can voluntary carbon markets accelerate decarbonisation in Asia?

Asia has a powerful climate financing challenge. Taking the power sector for example, the region is projected to consume half the world’s electricity by 2025, and whilst growing renewable energy adoption offers encouraging signs of transition, the reality is that significant additional financing is required to deliver a net-zero power landscape.

Can voluntary carbon markets accelerate decarbonisation in Asia?

Asia has a powerful climate financing challenge. Taking the power sector for example, the region is projected to consume half the world’s electricity by 2025, and whilst growing renewable energy adoption offers encouraging signs of transition, the reality is that significant additional financing is required to deliver a net-zero power landscape.

Masdar, IRENA to launch roadmap to triple RE capacity by 2030

They will set up an outline of global targets for renewable energy.

Coal divestment of global financial institutions double in three years

Whilst European FIs are leading coal divestments, FIs from Asia are also rapidly increasing. 

Only East Asia can meet pumped storage target by 2050

The region’s capacity growth will be largely driven by China.

How soon should the world retire coal plants to meet climate goals

GEM estimated coal retirement globally needs to be almost five times faster.  

Nominations are now open for the 19th Asian Power Awards and 3rd Asian Oil & Gas Awards

The awards programmes recognise companies that have demonstrated excellence, innovation, and sustainability in addressing the challenges and opportunities in the energy sector.

How much Bangladesh needs annually to reach its 2041 target

The country wants to increase its renewable energy capacity to 40%, IEEFA said. 

Asia’s power consumption to grow 3.5% annually in the next decade

The region has the world’s largest growing electricity demand, Fitch Solutions said.

ReNew Energy subsidiary raises $400m in green bonds

A high-yield issuance outside of India was opened after more than a year of hiatus.

GEAPP provides $35m to improve energy access, transition in South and Southeast Asia

Bangladesh, India, Indonesia, Pakistan, and Vietnam will be prioritised for the fund.

Kazakhstan could miss its revised 2030 renewables target

The country set a 15% renewables target in 2021, up from 10% initially.

Carbon capture and storage for fossil-fired plants risks worsening energy inflation

IEEFA argues the economic case for CCS in fossil-fired power plants is weak. 

Renewable energy surge fuels need for pumped hydropower storage

Asia is expected to be the largest pumped hydropower storage market by 2023.

Renewables with storage systems could be cheaper than thermal power with CCS

CCS could drive LCOE for thermal power by up to double its alternatives. 

Amazon inks deal with Iberdrola for RE development

The projects will be in APAC, Europe, and the US.

China-concentrated capacity drives APAC as hydropower ‘powerhouse’ 

China's aggressive hydropower development is driven by its carbon peaking target by 2030.