Private sector banks can play a pivotal role in financing the transition to a low-carbon, sustainable future — and they face growing political, market and social pressure to do so.
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.
JAKARTA — President Joko Widodo has reportedly expressed his intention to wean Indonesia off coal, in a move that runs counter to his own administration’s stated policy of increasing the country’s reliance on the fossil fuel.
Venture philanthropy is relatively rare in Asia, where charitable donations are the norm for tackling social and environmental problems. But more strategic funding can help Southeast Asia rapidly transition to clean energy, says one of the world’s most powerful venture philanthropists, Eileen Rockefeller Growald.
The current move in many countries of South and South East Asia to expand coal-fired power generation will lead to a serious issue of stranded assets.
Southeast Asia is the only region in the world where coal’s share of the energy mix is growing. Eco-Business asked David Turk of the International Energy Agency what the region can do to curb emissions while providing reliable electricity to a large and growing population.
This report, prepared jointly by the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA) and the Renewable Energy Policy Network for the 21st Century (REN21), identifies key barriers and highlights policy options to boost renewable energy deployment.
Read more: http://www.unescap.org/publications/energy-transition-pathways-2030-agenda-asia-and-pacific-regional-trends-report-energy