Some key takeaways from the report “Energy Transition Readiness Assessment for Developing Asia and The Pacific” by The Asian Development Bank are:
The energy transition readiness assessment (ETRA) framework provides a structured, data-driven, and forward-looking approach to evaluate and analyze the readiness of developing Asian countries for energy transition.
Most developing Asian countries require significant efforts to close the energy transition gaps to enable an effective transition, yet the readiness landscape is varied, indicating distinct opportunities and challenges among countries.
Developing Asia’s energy transition hinges on a resilient energy system relying on two key pillars: (i) reduced dependence on fossil fuels and (ii) enhanced energy security.
Developing Asia’s energy transition readiness will be determined, in part, by the quality of its energy infrastructure, its ability to handle climate shocks, the flexibility of its power system, and readiness for digital solutions.
Developing Asian economies must scale up and broaden private investment in clean energy
Developing Asian economies must strengthen and harmonize their regulatory frameworks to accelerate a clean energy transition.
Access the report here
