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The US withdrawal from Paris Agreement won't halt rise of renewables in Asia Pacific

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Report summary

Asia Pacific has already seen the onset of a low-carbon transition, though the pace of change varies widely. President Trump’s announcement to leave the Paris Agreement won’t fundamentally reverse the mainstream rationale of environmental sustainability. Major Asian emitters have stated their continued support to abide by the agreement. Meanwhile, the proposed US exit from the Paris Agreement will not halt the growing trend towards Chinese financing of Asian clean energy projects, and the search for markets in which to place excess renewable capacity.

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    The US withdrawal from Paris Agreement won't halt rise of renewables in Asia Pacific

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Table of contents

  • Asia's transition to a lower-carbon economy is already on the way
  • but diversifying sources of financing becomes more pressing
  • China's regional power financing role is likely to gain more traction
  • ...and a better-integrated supply chain could make renewables more competitive
  • Conclusion

Tables and charts

This report includes 2 images and tables including:

Images

  • Asia Pacific power sector emission
  • APAC capacity addition and investment requirement

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