Higher Shares of Renewable Energy Central to Sustainable Development Across Southeast Asia

IRENA highlights that renewable energy is proving key to expanding energy access in a region where 65 million people lack it. With Southeast Asia’s vast, untapped renewables potential, considerable opportunities exist to accelerate renewables deployment in the power sector but also in heating, cooling and transport.
a year ago

New IRENA market analysis sees renewable energy driving growth and expanding energy access in Southeast Asia

Bangkok, Thailand, 21 February 2018

Southeast Asian countries are on course to meet their aspirational renewable energy target of a 23 per cent share of total primary energy supply by 2025, according to new analysis from the International Renewable Energy Agency (IRENA). Achieving this target would also significantly improve the access to affordable clean energy in the region in line with its pursuit of Sustainable Development Goal (SDG) 7.

In the report, Renewable Energy Market Analysis: Southeast Asia, launched during the United Nations Global SDG7 Conference in Bangkok, IRENA highlights that renewable energy is proving key to expanding energy access in a region where 65 million people lack it. With Southeast Asia’s vast, untapped renewables potential, considerable opportunities exist to accelerate renewables deployment in the power sector but also in heating, cooling and transport. Strong enabling and investment frameworks however need to be put in place to overcome barriers facing renewables uptake.

“Southeast Asia is making important progress towards the diversification of its energy supply, and is recognising that renewables are a cost-competitive solution to power economic growth and meet rising energy demand ” said IRENA Director-General Adnan Z. Amin at the launch event during the Conference.

“The accelerated adoption of renewable energy offers broad environmental, economic and social benefits, including creating jobs, reducing air pollution and tackling climate change,” continued Mr. Amin. “Policy makers and other development actors should prioritise investment in clean, reliable and affordable energy as a pillar of development across the region.”

Renewable Energy Market Analysis: Southeast Asia covers the critical considerations for effective policy-making to accelerate the energy transformation, and analyses trends in energy supply and consumption at the regional and national level. It also examines the investment trends and policy instruments supporting the current deployment of renewable energy in a region where economic growth exceeds 4 per cent. Southeast Asia’s renewable energy potential is also explored, both in terms of resource potential, and the spectrum of benefits the transition to a sustainable energy future brings.

The report notes that in 2016, 611,000 people were employed in Southeast Asia’s renewables sector, primarily in liquid biofuels, however up to 2.2 million people could be employed in the sector by 2030 should renewables scale-up in line with the region’s potential.

Synergies between decentralised renewable energy and livelihood development, whether in rural, urban or island settings are also highlighted. Drawing on a number of projects that demonstrate how decentralised renewable energy solutions, such as micro-hydro and biogas solutions based on local entrepreneurship and strong community participation, the analysis draws parallels between modern energy services and socio-economic development.

The report forms part of IRENA’s wider body of work in the region, including country-level engagement and regional initiatives, advancing joint efforts of IRENA and the governments of the ASEAN to accelerate the region’s transition to low-carbon, sustainable energy.

It is also part of IRENA’s Renewable Energy Market Analysis series capturing knowledge and experience from different regions to identify emerging public policy and market development trends. The first two editions covered the GCC (Gulf Co-operation Council) region (2015) and Latin America (2016).

Source: IRENA

Illustration Photo: Theppana Wind Power Project in Thailand (credits: Asian Development Bank / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))

Read more

Comments

No comments to display.

Related posts

Stevia Dessert Industry 2019 Market Size, Growth, Share, Trends, Global Statistics and Forecast Analysis 2025

Stevia Dessert Market 2019 Global Industry Report delivers the Stevia Dessert business profiles, participants, news, developing activities and policies, consumer volume and creating strategies. Stevia Dessert industry also report delivers analysis on a region, products, sales, revenue. Stevia Dessert market report emphases on overall development patterns, focused on key industry players, size, consumption volume, Forecast 2019 to 2025.
17 hours ago

Hula Hoop Industry 2019 Global Market Share, Growth, Manufacturers, Size, Segments and 2025 Forecast

New research report on Hula Hoop Market 2019 Global Industry includes detailed analysis market trends, innovations, growth, and forecast 2025. The report presents market main objective of sharing this market research report is to provide an in-depth analysis of the market share, historical data, profitability, opportunities, sales, and revenue distribution. The research study offers current market size, manufacturers’ analysis and segmentation of Hula Hoop across the globe.
17 hours ago

Curling Irons Industry 2019 Market Size, Growth, Share, Trends, Global Statistics and Forecast Analysis 2025

The Curling Irons Market 2019 Global Industry report consists of all the basic information regarding the Curling Irons Market. This report presents analysis of market trends, industry growth drivers, share, analysis, size, trends, and many other aspects. The global Curling Irons report is an essential reserve of data, primarily for the industry administrators.
17 hours ago

Ukulele Market 2019 Share, Industry Impacting Growth, Global Segments, Manufacturers and Forecast to 2025

The latest research report entitled Global Ukulele Market 2019 provides a detailed and complete global coverage of Ukulele Industry analysis from 2019 to 2025. The Ukulele report begins with the overview of Ukulele Industry growth, share, current situation, trend, size, and classification of the Ukulele Industry on the basis of Ukulele Market top players, key regions, and type.
17 hours ago

Termite Control Market by Species Type, Application, Region - Forecast to 2022

The termite control market was valued at USD 2.96 Billion in 2016. It is projected to grow at a CAGR of 5.6% from 2017, to reach USD 4.11 Billion by 2022.

Call for Projects: PoweredByTF 2.0 Challenge!

Use our alpha release of TensorFlow 2.0 to do something nifty: build a model, a mobile or web application, an art installation, or something else entirely! The sky is the limit - and creativity is encouraged. We're excited to see what you build!
Application Deadline in 2 months

Rising Consumer Demand for Low-Calorie and Healthier Food & Beverage Products Drives the Polyol Sweeteners Market

The polyol sweeteners market is projected to reach USD 3.30 Billion by 2022 at a CAGR of 5.9% from 2017 to 2022.

Call for Proposals: Core Infrastructure Fund to strengthen internet freedom, digital security, and the overall health of the internet

The Core Infrastructure Fund supports the ‘building block’ technologies, infrastructures, and communities relied upon by digital security and circumvention tools strengthening internet freedom, digital security, and the overall health of the internet.
Application Deadline in a month

Joint Replacement Market Comprehensive Analysis and Future Estimations 2024

Joint Replacement Market report also provides CAGR value fluctuation in percentage during the forecast period of 2019-2024 for the market.
18 hours ago