USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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When ASEAN countries ask which single renewable energy, or RE, incentive will prove most beneficial to their development plans, the question itself could be flawed as the region has seen the most effective results not from a single bullet solution but from a basket of measures. Countries with a combination of incentives have experienced the greatest growth in renewable power.
Despite tariffs that President Trump imposed on imported panels, the U.S. installed more solar energy than any other source of electricity in the first quarter. Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report.
Pioneering blockchain company LO3 Energy is gearing up for international projects set to lay foundations for future of its distributed ledger system, Exergy. The three projects involve novel local energy trading market places based around the Exergy platform in Texas, the UK and Australia.
Major Thailand-based financier TMB Bank has issued the country’s first green bond, the funds of which will be used to finance renewable energy projects. The overall aim of the bond is to expand financing for private sector investments that help address climate change, by providing an alternative source of long-term green finance in the country.