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Climate change, Energy

Overcoming the challenge of energy efficiency financing in Asia

Overcoming the challenge of energy efficiency financing in Asia
Asia needs to rely on energy efficiency improvements to meet its growing energy demand, which has been driven by industrialisation, urbanisation, and rising incomes among the ballooning middle class. Energy efficiency improvements and investments in green technology development and deployment are necessary to mitigate the adverse impacts of climate change. However, the question of how to finance these improvements in energy efficiency and the greater deployment of renewable energy sources is serving to be a significant challenge in this important economic region.

Energy, Regional cooperation and integration

Diversification of solar PV suppliers for sustainable energy during the COVID-19 crisis

Diversification of solar PV suppliers for sustainable energy during the COVID-19 crisis
Experts are increasingly acknowledging the vulnerability of the global solar photovoltaic (PV) value chain due to the concentration of manufacturing capacity in only a few countries, such as the People’s Republic of China (PRC) (Zhai 2020). In Japan, although solar power comprised only 7% of the country’s total power generation in 2018, it contributed to one-third of power from renewable sources. Given this high share of solar power in renewable energy sources, disruption in the availability of solar PV may have adverse consequences on the sustainability of renewable energy power generation.

Economics, Energy

Economic integration and energy efficiency for energy security in ASEAN

Economic integration and energy efficiency for energy security in ASEAN
The security of energy supply is crucial for rapid growth in Southeast Asia, but it is being increasingly challenged by the region’s fast-growing energy demand. This high demand can be explained by improvements in energy access as well as population and economic growth.

Economics, Energy

Political risks in energy-transporting countries and energy security in the Caspian Basin

Political risks in energy-transporting countries and energy security in the Caspian Basin
Energy security is a crucial issue in contemporary international relations but not a new one. It is usually defined as the reliable and sufficient supply or demand of energy at acceptable prices and is at the top of the agenda for both energy-importing and energy-exporting countries.

Economics, Energy

Feed-in tariffs and loans for boosting private investment in renewable energy

Feed-in tariffs and loans for boosting private investment in renewable energy
Investment in renewable energy of $9 trillion is required to meet global energy supply needs by 2040 (International Energy Agency 2016), but investments in fossil fuels still dominate those in renewable energy. Many countries are implementing national energy policies, including fiscal, financial, information and education, institutional support, strategic planning, regulatory, and voluntary measures, to promote greater private investment in renewable energy.

Energy

Do solar lights help kids do better in school?

Do solar lights help kids do better in school?
Rural areas of Asia and Africa where children lack access to high-quality educational opportunities tend to also be energy poor. Solar lanterns and other small solar energy products, commonly termed “picoPVs”, have been promoted as a promising first step toward improving both lighting in homes and educational outcomes. Rural households throughout Asia and Africa have bought over 100 million picoPVs since 2010, with India, Bangladesh, and other South Asian markets being among the most “vibrant” (and receiving significant market development support from governments and development agencies).

Economics, Energy

What are the reasons behind the decrease in solar module prices?

What are the reasons behind the decrease in solar module prices?
The solar photovoltaic energy market has seen huge growth in recent years. Unlike solar thermal energy, which harnesses heat from sunlight to generate electricity, solar photovoltaics or PV is a technology that converts sunlight directly into electricity. The annual worldwide solar PV electricity production increased from 4 terawatt hours (TWh) in 2005 to 247 TWh in 2015 (IEA 2017). In 2016, cumulative solar PV generated over 310 TWh, 26% higher than in 2015 and representing just over 1% of global power output.

Energy

Energy Efficiency: The Cornerstone for Achieving SDG 7

Energy Efficiency: The Cornerstone for Achieving SDG 7
In 2015, all countries of the world agreed to adopt the 17 Sustainable Development Goals (SDGs) as a part of the 2030 Agenda for Sustainable Development. These goals came into force on 1 January 2016 and are aimed at ending poverty, protecting the planet, and attaining prosperity for all. The adoption of the goals was a unique achievement as they are applicable universally, and countries are making joint efforts to achieve them. Although the SDGs are not legally binding, countries are expected to take ownership and to voluntarily report their progress at the national level.

Energy, Environment, Governance and public sector management, Infrastructure

Propelling ASEAN towards clean coal technology

Propelling ASEAN towards clean coal technology
Coal, the most abundant and reliable energy resource, will continue to be the dominant energy source in power generation to meet the fast-growing electricity demand in the emerging economies of the Association of Southeast Asian Nations (ASEAN). The share of coal use in power generation was 32% in 2015, and this is projected to increase to 42% by 2040.

Economics, Energy, Finance sector development, Governance and public sector management

Twenty years after the Asian financial crisis: The evolution of Asian financial cooperation

Twenty years after the Asian financial crisis: The evolution of Asian financial cooperation
When Asia was hit by its regional financial crisis 20 years ago, Asian policy makers were quick to call for regional solutions to what was perceived to be a common problem: Asian countries’ dependence on foreign finance. Prominent political figures and scholars argued for a greater regional focus of monetary and economies policies, suggesting the introduction of currency baskets modeled on trade patterns, financial structures, and even Asian currency units akin to the European Currency Unit, the euro’s predecessor.