As emerging markets continue to add capacity to generate renewable energy, some of the world’s wealthiest countries could help fund their energy transitions.
Asia Energy
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As demand for renewable energy grows globally, several emerging markets are positioning themselves as leaders in exporting solar power.
Indonesia’s environmental, social and governance (ESG) and UN Sustainable Development Goal (SDG) priorities centre on the affordable transition to renewable energy, socio-economic growth beyond Jakarta, and improved governance in both the public and private sector.
Economic update | How will an increase in polysilicon production affect the cost of solar power?
23 Feb 2022
As the prices of solar power inputs reach 10-year highs, Indonesia is looking to boost solar panel manufacturing.
The shift away from hydrocarbons and towards sustainable forms of energy continued in 2021, with new renewable generation capacity set to reach an all-time high and the international community committing to reduce carbon emissions at the latest UN Climate Change Conference (COP26). For emerging economies, this transition heralds a specific set of challenges – as well as potential benefits.
Amid pledges to phase out the use of coal and reduce methane emissions, world leaders at the recent UN Climate Change Conference (COP26) in Glasgow also agreed to reform global carbon markets and improve rules about carbon trading, seen as key tools in the transition towards decarbonisation.