APAC
Fossil fuel output fuels over 120 million tonnes of energy sector emissions annually
Fossil fuel output fuels over 120 million tonnes of energy sector emissions annually
Even abandoned oil and gas wells, as well as coal mines, contribute to the ongoing problem.
ADB to mobilise $2.75b of private capital for APAC’s green projects
This will support sustainable development in the region.
Key factors global transition should focus on
A new report listed several realities that must be addressed for the energy shift to succeed.
Global solar installations reach nearly 600 GW in 2024
Last year’s additional capacity slightly increased from the previous 12 months.
ADB and Japan launch new platform to boost APAC investments
This will benefit various sectors, including energy.
Majority of businesses eye increasing electricification efforts in three years
They are also willing to invest more on on-site generation.
Lower costs spark surge in battery storage projects
In 2024, lithium-ion battery pack prices dropped to the lowest in eight years.
BRICS founding states continue to lead global energy transition
However, its new members are mostly pursuing fossil fuels.
What is holding back energy transition in APAC?
Green energy investment in Asia is around 45% of the global level in 2023.
Over 900 GW of wind capacity to be installed by 2030
Specifically, offshore wind is showing a promising growth potential.
Global transformers market to reach nearly $90b by 2030
APAC will lead this growth.
Solar corporate funding down 41% in Q1
Meanwhile, the sector’s venture capital funding surged.
Global wind energy adds 117 GW of capacity in 2024
China led new installations.
Energy storage corporate funding down 81% in Q1
M&A activity also decreased.
Majority of mid-market and large firms back shift from coal, fossil fuels
Indian and Indonesian execs want more capital in RE despite their massive local coal sectors.
Global nuclear capacity to reach nearly 500 GW by 2035
Guess what will drive this increase.
Hidden risks threaten to derail renewables shift
This uncertainty leads to higher costs for companies.
Thought Leadership Centre
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The firm achieved recognition for initiatives addressing critical water access in Bali, reforestation in West Java, and sustainable supply systems in East Java.
