Insight
APAC Energy Buzz: Time for Asia’s Sputnik moment on decarbonisation
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Report summary
A tough job just became even more difficult. The pace of Asia's energy transition was worryingly slow before the pandemic and now the urgent need to rebuild risks slowing investment in green initiatives as stimulus is channelled elsewhere. Coal, oil and gas still supply a whopping 90% of Asia's energy demand and consumption isn't expected to peak until 2036. Not a problem right now, but while Covid-19 has put a small dent in Asia’s hydrocarbon demand trajectory, it has clobbered the outlook for investment in global supply. Policy, innovation and investment are all needed to ensure capital is incentivised into new technologies to drive Asia's energy transition and avoid a future supply crunch.
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