The clean energy transition is sluggish, but encouraging communities to actively participate in it could help bring countries up to speed, say lawmakers from Belgium to India.
Latest research has shown that new investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China.
Two-thirds of the global increase in demand for energy will come from Southeast Asia as it modernises, and experts say more than half of this will be met with renewable energy. Eco-Business looks at the corporate and geopolitical trends that will shape the growth of energy in the region.
One of the biggest questions for policymakers, investors, and ordinary citizens is whether the development and adoption of clean-energy technologies will take place slowly or rapidly. There is ample evidence to suggest that it will happen quickly, and that those beholden to fossil fuels will soon be throwing good money after bad.
If Asia is to rise to the clean energy challenge then sharing energy between countries will be one way to deal with intermittency issues. But political obstacles aside, how will it work?
Australia needs to drastically overhaul its power market in order to harness and benefit from the country’s skyrocketing rooftop solar and battery market, according to the Clean Energy Council (CEC).
Read more: https://www.iea.org/publications/freepublications/publication/TrackingCleanEnergyProgress2017.pdf