Category: Knowledge Center Asia

Offshore Wind in the Philippines: Report

The Philippines is aiming to build a domestic offshore wind industry and has incorporated offshore wind into several policy and deployment initiatives. In parallel, the Philippines has also been a leader in incorporating renewable energy zones (REZs) into power sector development and transmission plans. The objective of this study, conducted by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) in partnership with the Philippines Department of Energy, is to incorporate offshore wind resources into the Philippines’ already established competitive renewable energy zones (CREZs) to support national transmission planning.

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Rooftop Solar Savings for Japanese Households: Brief

Policy interventions such as tax credits and feed-in-tariffs, have been shown to increase adoption of rooftop solar across the UK, EU and US. Zero Carbon Analytics calculated that Japanese households with solar panels in FY 2020 would have saved on average nearly 135% compared to those without, receiving a net benet of JPY 37,422. Households saved over JPY 143,000 in total from reductions in electricity bills and payments from the sale of excess solar power.

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Sustainable Aviation Fuels in Southeast Asia: IRENA

The findings of this report emphasise the urgency of accelerating the sustainable scale-up of biofuel supply chains in Southeast Asia. In the near term, biofuels remain the most viable option for significantly reducing aviation emissions. However, securing feedstock, especially from energy crops, is not something that can be achieved overnight: it requires strategic planning, infrastructure and investment. Careful planning, informed by science with social dynamics considered, especially in the context of Southeast Asia, should begin as soon as possible to minimise the risk of unintended environmental impacts.

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Low-Carbon and Just Energy Transition in Asia: Report

The central focus of this report “Toward A Low-Carbon And Just Energy Transition In Developing Asia” by The Asian Development Bank is on the just energy transition away from coal and toward a low-carbon future in Asia and the Pacific. It encompasses a range of topics, from coal-fired power plant retirement and carbon pricing to renewable investment, infrastructure development, and the mobilization of development financing to transform energy systems. 

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India’s Journey to Net Zero: EY 

This whitepaper sets the stage for an in-depth exploration of India’s energy transition, a pivotal movement that addresses not only the nation’s burgeoning energy demand but also its commitment to global climate responsibilities. With a rapidly growing economy and the world’s most populous country, the demand for energy is soaring. Yet, the country stands at a crossroads, where traditional sources of energy are being re-evaluated in the face of environmental imperatives. India’s response to this challenge is a testament to its resilience and innovative spirit.

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Benchmarking Green Hydrogen in India’s Energy Transition: Paper

In the analysis, the authors link green hydrogen production costs with the cost and availability of renewable energy (RE) generation, which is measured by its capacity utilisation factors (CUFs). They also calculate the premium, if any, of using green hydrogen compared to energy-basis equivalent costs of fossil fuels for a range of applications.

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China’s Industrial Clean Power Policies: Paper

The paper “Clean Power for Industry in China: Policy Enablers for the Industrial Sector” by the World Economic Forum concludes that in the next decade, China is set to expedite industrial decarbonization, with the intention of shifting from controlling energy consumption and intensity to controlling carbon emissions and carbon intensity. In this process, the government could play a much more proactive role in identifying practical applications and boosting businesses’ confidence to participate. 

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Green Public Procurement in Indonesia: Report 

Public procurement in Indonesia accounts for a substantial portion of the government’s spending—over 45% in 2022. This corresponds to approximately 6.6% of the total nominal GDP, highlighting the potential of GPP to drive significant environmental, social, and economic benefits. GPP is already anchored in key national plans and strategies as a tool for fostering a sustainable transformation of the economy. Indonesia has also developed a framework of laws and regulations to support GPP. While there is a growing awareness and adoption of GPP in Indonesia, challenges remain.

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China’s Climate Technology Investment Market: Report

To overcome the financing difficulties in the early stages of climate technology development and to promote efficient capital flow and allocation, this report, based on the status of China’s climate technology development and investment market, focuses on the specific challenges faced by startups in climate technology investment and financing. It systematically analyzes the core influencing factors and proposes strategies from three dimensions — scientific modeling, platform development, and financial product innovation — to support the construction of a sustainable investment and financing ecosystem.

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Energy Transition Investment Outlook: KPMG

As the energy transition accelerates, massive investment opportunities are emerging across multiple sectors. These are driven by the need to expand renewable energy capacity, improve energy and resource efficiency, and upgrade related infrastructure. This report “Energy transition investment outlook: 2025 and beyond” by KPMG tracks the investor perspective on the energy transition, emphasising the importance of increasing, sustained and collaborative investment.  It explores how a wide range of forces (such as public policy, market dynamics, technological progress and financial innovations) drive investment.

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Residential Rooftop Solar Potential in India: Report

The residential sector will grow at the fastest pace within the rooftop solar space in the next few years. The residential rooftop solar market is becoming commoditised, and financers are establishing industry-wide tie-ups to offer a one-stop solution. PMSGY scheme will ensure a pan-India growth of residential rooftop solar, with a significant chunk of demand also from tier-2/3 cities and rural areas.

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Southeast Asia Energy Outlook 2024: IEA Report

Southeast Asia is a very dynamic region and a driving force behind global energy trends, with a projected rise in energy demand over the coming decades second only to India. Eight of the ten countries in Southeast Asia have net zero emissions goals: Brunei Darussalam, Cambodia, Lao PDR, Malaysia, Singapore and Viet Nam have set a target date of 2050; Indonesia of 2060; and Thailand of 2065. Fossil fuels – led by coal – have met nearly 80% of Southeast Asia’s rising energy demand since 2010. At a time of heightened geopolitical tensions, energy security and affordability remain top priorities for Southeast Asia. The region’s energy future looks different from its past, but demand for all the major energy sources continues to rise in the STEPS.

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Hydrogen Electrolyser Manufacturing in India: Report

India has set an ambitious target of producing 5 million tonnes per annum (MTPA) of green hydrogen by 2030 with an aim to mitigate 50 million tonnes of CO2 and reduce energy imports by INR 1 lakh crore. Electrolysers play a critical role in the green hydrogen production process and constitute 30–50 per cent of the total cost of green hydrogen.  The electrolyser market in India is expected to grow to 20 GW by 2030, 112 GW by 2040, and 226 GW by 2050. The report indicates that about 72 per cent of the PEM electrolyser manufacturing cost can be readily indigenised.

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Redirecting Wind Power Sector in India: EMBER

This report discusses the role of wind in India’s energy landscape in 2030 and beyond. It highlights key development in the wind sector and their implications for the sector’s growth. The report examines the complementarity of wind and solar in India, demonstrating how their diurnal and seasonal patterns can work together to create a more balanced and reliable renewable energy grid. It also addresses how overcoming current challenges in wind energy could unlock further potential for India’s energy transition.

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Vietnam’s Renewable Energy Market: Report

The report “Vietnam: Renewable Energy Market” by The Ministry of Foreign Affairs and Trade and New Zealand Government summarises that Vietnam is strongly committed to the development of its renewable energy sector. Achievement of the government’s ambitious targets will require significant foreign investment. Reliable sources of renewable energy will attract investment in the manufacturing sector. 

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Green Hydrogen Adoption in Chinese Industries: Report

This report suggests and interprets the cluster development model in light of the critical requirements for the widespread utilization of green hydrogen in industry, and the distribution of industrial capacities and availability of green hydrogen resources in China. Specifically, the report conducts techno-economic analysis of green hydrogen production, storage, transportation, and utilization in industry, forming a foundation for achieving cost-efficiency when technically feasible during the cluster development process. 

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Vietnam’s Carbon Border Adjustment Mechanisms: Report 

The report recommends that Vietnamese businesses must proactively gather information and establish networks for CBAM compliance research. By sharing and leveraging information, businesses can develop effective strategies to not only meet international market demands but also achieve sustainable long-term growth. This not only helps businesses meet global standards but also creates opportunities for them to expand and grow their markets. From a governmental perspective, Vietnam holds a certain position in negotiating with other countries, and thus, various options need to be carefully considered. 

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Scaling Up Renewables in Maldives: Report

Maldives has significant renewable energy resources from solar and wind power. Multiple  studies indicate that the use of renewable energy to complement diesel power generation in Maldives would reduce electricity production costs. The Government of Maldives has recognised the prospects of using the country’s large renewable energy resources to lower the cost of electricity generation, increase energy security while reducing import-related financial risks, and reduce the country’s GHG emissions. The report concludes that scaling up the use of hybrid solutions should be seriously explored particularly by SIDS, other isolated locations such as remote communities, as well as industries and mines using diesel-generator-based power systems. 

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Future of Net-Metered Solar Power in Pakistan: IEEFA

Pakistan’s current Distributed Generation and Net Metering Regulations offer incentives such as high buyback rates, fixed long-term generation licenses, and generous allowances for installed capacity. These have resulted in ideal payback periods, leading to a surge in net-metered rooftop solar photovoltaic (PV) capacity across the country. The current policy offers 2-4 year payback periods for 5-25 kilowatt (kW) net-metered solar PV systems. Power utilities are concerned that higher penetration of distributed solar could place the distribution infrastructure at risk of failure and increase capacity payments on non-net-metered consumers.

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China Postpones Coal Power: Brief

Following the accelerated permitting of over 100 gigawatts (GW) of new coal power annually in 2022 and 2023, China has abruptly curtailed approvals for new coal power plants, approving just twelve projects totaling 9 GW in H1 2024, an 83% decline compared to H1 2023. New and revived proposals in H1 2024 totaling 37.4 GW are also trending lower than in H1 2023 (60.2 GW) and H1 2022 (47.8 GW), indicating a possible tapering of new project development – although not at the same pace as the permit slowdown. Since 2023, China has added over 400 GW of new solar and wind power, driving down China’s coal power generation by 7% from June 2023 to June 2024.

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