Southeast Asia needs to accelerate development of capacities for renewable energy: Study

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Renewable Energy News

EDB,Economic Development Board,Singapore Economic Development Board

Calls for an acceleration in developing capacities for renewable energy -- such as solar and wind -- in Southeast Asia. This includes building more infrastructure to tap these resources.

A recent study has shown that there needs to be seven to 12 times more investment in the region for countries to achieve their net-zero emission goals between 2050 and 2060. The study was conducted by Singapore's Economic Development Board and led by management consultant firm McKinsey. One challenge cited was the pace at which regulations move.

A recent study has shown that there needs to be seven to 12 times more investment in the region for countries to achieve their net-zero emission goals between 2050 and 2060. The study was conducted by Singapore's Economic Development Board and led by management consultant firm McKinsey. One challenge cited was the pace at which regulations move.

 

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