South and Southeast Asia seen as ripe for renewables

Published onJuly 24, 2019

The growing economies of South and Southeast Asia need to shift from their current carbon-intensive energy path to renewable sources to fuel economic growth and promote sustainable development while avoiding life-threatening pollution and environmental degradation, according to the research institute Climate Analytics. Meanwhile, renewable energy is now cheaper than fossil-fuelled generation in most of the world. Renewables also offer a faster and cheaper way to increase access to affordable clean energy for millions of people, says Berlin-based Climate Analytics. “By decarbonising their energy systems, South and Southeast Asian countries can make a fundamental difference in global efforts to limit warming to 1.5C, in line with the Paris Agreement, and will reap large economic and sustainable development benefits by doing so,” said Bill Hare, CEO of Climate Analytics and co-author of the report. The report covering seven countries — India, Pakistan, Bangladesh, Thailand, Vietnam, Indonesia and the Philippines — is the first to apply the insights from last year’s Intergovernmental Panel on Climate Change Special Report on the 1.5˚C warming limit. It shows how Asia’s energy systems can make the transition to zero carbon, in line with the Paris Agreement.

Source: https://www.bangkokpost.com/business/1704896/south-and-southeast-asia-seen-as-ripe-for-renewables