Southeast Asia (SEA) is at an inflection point for climate change in 2022 as the region works to translate climate commitments to tangible action. In recent years, parallel momentum across the public and private sectors has resulted in promising developments. COP26 raised the region’s climate ambitions (8 of 10 countries now have a net-zero target), and Singapore and Indonesia piloted carbon taxes.
Read More
As the country has committed to reaching net-zero emissions by 2060, this inventory report of energy support measures in Indonesia explores whether the current fiscal policies are aligned with this goal. The first of its kind, the inventory identifies and quantifies support measures available for various energy types—including coal, oil and gas, renewable energy, biofuels, and electric vehicles—between 2016 and 2020.
Read More
The report finds that corporate commitments from Indian companies could help India achieve 86% of its 2030 goals of building 500GW of cumulative non-fossil power generation capacity. The report examines the challenges for financing renewables, identifies new or underutilized sources of capital and outlines measures to increase the availability of financing.
Read More
The sustainable debt market in the 6 largest ASEAN economies continued to grow rapidly in 2021 with record issuance of green, social, and sustainability (GSS) debt totaling USD24bn compared to USD13.6bn in 2020. This growth reflects the regions’ enthusiasm to allocate capital for the response to the COVID-19 pandemic along with facilitating long-term, low carbon, and climate-resilient economic growth.
Read More
The energy prospects for Southeast Asia have been affected by the Covid-19 pandemic, new energy and climate policy commitments and, most recently, high and volatile prices exacerbated by the Russian Federation’s invasion of Ukraine. Against this backdrop of new uncertainties and ambitions, this IEA report explores possible trajectories for Southeast Asia’s energy sector, differentiated primarily by the policies pursued by governments across the region.
Read More
This study was conducted to understand the awareness and perceptions of green tariffs (GTs). It was observed that small and medium enterprises (SMEs) are willing to pay a premium to avoid the hassles of negotiating contracts and overcome restrictions under existing procurement methods. Overall awareness of GTs and their adoption is low.
Read More
To achieve the twin targets of improving the fiscal situation post-COVID-19 while realising the energy transition targets, governments should integrate a green perspective into budgetary consolidation efforts. ASEAN countries may consider the following policy options: Green Fiscal Consolidation, Green Conditionality, Leveraging Private Participation, and Mobilising Global and Regional Funding.
Read More
According to the study, if China implements all its stated policies, road transport’s GHG emissions in 2060 would decline by 50 percent from the 2020 level. Further, if radical structural changes and vehicle electrification occur, road transport’s GHG emissions in 2060 would reduce by 95 percent from 2020’s level, fulfilling China’s 2060 carbon neutrality commitment.
Read More
IRENA is supporting Mongolia in the decarbonisation of its building sector through the implementation of renewable energy solutions in district heating systems. The support is designed to contribute to building the capacity of Mongolian stakeholders to develop a Strategic Heating and Cooling Plan (SHCP). IRENA is collaborating with the Mongolian Ministry of Energy to organise virtual capacity building events on Integrating Renewable Energy Solutions in Mongolia’s District Heating Systems.
Read More
The report describes the major channels by which these risks will be transmitted through to the financial economy and examines possible local and global sources of transition risk. Sources of transition risk vulnerability are revealed through analysis of ASEAN bond and loan data, with a particular focus on Indonesia, the Philippines and Viet Nam.
Read More
Progression of variable renewable energy, electric vehicle, and smart microgrid among the ASEAN Member States is facilitated through policy mapping. AMS have concrete policies and targets for variable renewable energy as part of their existing renewables implementation frameworks; solar power is expected to be a significant contributor to the total renewables generation.
Read More
Climate change is much more than an environmental crisis—it’s a systemic crisis that will transform the geopolitical landscape. And the consequences for the Indo-Pacific, already the most exposed region in the world to climate hazards and home to the world’s fastest growing populations, economies and geopolitical rivalries, will be profound.
Read More
By shedding more light on reporting practices, the aim is to understand the availability and attributes of disclosure on the use of proceeds (UoP) and environmental impacts/benefits of the projects, assets and activities financed by green bonds. This can identify avenues for improvement and spur more informed discussions among various market participants.
Read More
China is the world’s largest producer and consumer of chemical products. China’s chemicals industry accounts for 20 percent of total national industrial emissions and 13 percent of the country’s total CO2 emissions. The zero-carbon transformation of the chemicals industry is critical to the national goal of carbon neutrality and the low-carbon transformation of the global chemicals value chain.
Read More
Based on the review and analysis of the market in 2021, this report then lays out five procurement options that are currently available for corporations to choose from, and tracks the updates and addresses the challenges of each option. Finally, the report proposes four steps that can be used as a guideline for making procurement decisions.
Read More
EV adoption is still at a very early stage for most countries in Eurasia, although several countries are scaling up EV sales of passenger vehicles. Ukraine and Jordan have higher EV market shares for passenger cars than other emerging economies, at 1.5% and 1.1%, respectively, as of 2020. Early signs of EV uptake are apparent in Lebanon, Nepal, Turkey, Serbia, and Belarus, with market shares between 0.1% and 0.3%.
Read More
As the offshore wind industry expands to new and early-stage markets in Asia, the labour requirements call for technical and specialised roles across the entire offshore wind supply chain. Often, those roles are not being fulfilled locally and require transfer of knowledge or experience from more experienced companies, like those in Singapore.
Read More
This roadmap provides strategic analysis of the offshore wind development potential in the Philippines, considering the opportunities and challenges under different, hypothetical growth scenarios. The goal is to provide evidence to support the Government of the Philippines in establishing policy, regulations, processes, and infrastructure to enable successful growth of this new industry.
Read More
Apart from policy formulation, it is also important to track the progress of the implementation of these policies. The State Energy and Climate Index (SECI) is the first index that aims to track the efforts made by states and UTs in the climate and energy sector. It is hoped that an in-depth analysis of individual states will help in enhancing the service delivery on various parameters of energy. These parameters have been devised keeping in mind India’s goals for climate change and clean energy transition.
Read More
The Asia-Pacific region is expected to attract approximately 40% of the total global investment in Renewable Energy capacity between now and 2050. The region – especially South East Asia – benefits from a unique combination of electricity demand growth, electricity supply crunch and abundant solar, wind and water resources to spur investments in Renewable Energy assets.
Read More