High-tech solutions for a net-zero world will come from Asia
In terms of cost, renewables are on par with or cheaper than fossil fuels to generate electricity. Asia offers a spectrum of sustainable investment opportunities
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THE growing momentum behind the global energy transition should give us hope that we can create a net-zero world.
The transition will be costly, requiring total annual clean energy investment of US$5 trillion by 2030, said the International Energy Agency (IEA). But the investment will potentially create millions of jobs in renewables, energy efficiency, and in the engineering, manufacturing and construction industries, boosting global gross domestic product.
Previously, Asia was seen as a climate-change laggard. A predominantly coal-powered region, Asia needed to develop significantly more energy-generating capacity as it sought to catch up with more advanced economies.
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