‘50 shades of green’ needed for Asia’s energy transition: IPCC chair

ONE message ringing loud and clear at the recently concluded gathering of finance ministers and central bank governors in Incheon, South Korea is that the Asia-Pacific needs to stomach some transitional friction on the road to green. 

This means growing a level of tolerance towards banks “browning” their portfolios, and green industries keen to formulate slightly “yellower” solutions, in order to get to green eventually.

These are seen as necessary with it being clear now that developing Asia cannot simply replace coal with renewable energy, as it relies on steady and cheap access to power, currently coal generated for the most part, for economic growth.