Energy

Interconnecting power grids in the region is a key strategy in strengthening energy security and transitioning to renewables through efficient resource sharing.

Accelerating EV adoption is expected to help decarbonize the transport sector as well as attract investments.

A project to help cacao farmers in Mindanao and a study on renewable energy certificates will be implemented with the support of the BIMP-EAGA–Republic of Korea Cooperation Fund.

The green sector offers a huge investment opportunity in Southeast Asia’s largest economy, with energy and transportation alone requiring some $245 billion in climate funding.

Rapid population growth, aging populations, climate change, and urban migration just among trends that will shape transport systems and significantly alter mobility in the region.

Incorporating environmental, social, and governance norms in planning and offering incentives for fundraising can help add more green projects to the pipeline.

The Agus-Pulangi hydropower plants will be rehabilitated and expanded to enable the early retirement of coal-fired power plants.

The partnership is the first of its kind in Asia–Pacific and has the potential to be one of the largest carbon reduction programs on the planet.

A study from ERIA proposes deploying energy saving rules for commercial buildings, clean electricity, and smart transport.

Policies that encourage PPPs and relaxed taxes and levies are among recommendations.