Both South and Southeast Asia offer significant opportunities for global climate action, with many governments setting ambitious net-zero targets. Solar, wind and hydro development potential abounds.
To achieve these targets, renewable energy deployment, especially solar and wind power, must increase five-fold by 2030. Asian investment in renewable energy has grown exponentially since 2004, with an average annual growth rate of 23%, reaching USD 345 billion in 2022, largely driven by China, which accounts for 80%.
Despite the region’s diversity in infrastructure, industrial…
