Is South East Asia the epicenter of global energy transformation and transition?
- Jan 13, 2021 11:19 am GMTJan 13, 2021 4:44 am GMT
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IEA and Bloomberg recently predicted that globally, to decarbonize the energy ecosystem, an investment of between US$72 trillion to US$120 trillion between now and 2050 will be needed. It is estimated that 45% of this decarbonization investment will take place in Asia and ASEAN. During this period, renewables and clean energy sources will see a 300% increase in their share of the energy mix. This will be driven by investment in clean energy generation projects as well as grid improvements to integrate clean energy.