With right incentives, Asia’s energy transition needs could be met by private markets

THE billions pouring into private markets could be the answer to Asia’s energy transition needs as more investors seek the steady returns offered by renewable energy.

Better incentives or policies may be needed on some fronts, though, as market players said Asia’s emerging markets are tough hunting grounds.

“(Just about) every new fund we see raised at the moment is an energy transition fund. The wave of capital and the need is immense,” said Mark Stulic, partner at private markets specialist StepStone Group.