Renewable Energy Outlook for Southeast Asia
Currently, Southeast Asia relies heavily on coal for electricity generation. Two ambitious Just Energy Transitions Partnerships (JETP) were established in Southeast Asia in 2022, one with Indonesia and another with Viet Nam. The partnerships promise better access to international financing to accelerate transitions away from unabated coal-fired power to help reduce emissions. Southeast Asia has emerged as a global hub for clean energy technology manufacturing, with VietNam and Indonesia joining the ranks of exporters of equipment such as solar PV modules.
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