Coal is now more expensive than renewable energy – and while this is good news for the climate, it’s bad news for developing countries who have invested in coal. Renato Redentor Constantino looks at how Japan and Korea are divesting, and the IMF’s opinion on stranded assets.
In 2015, at an Association of South East Asian Nations (ASEAN) meeting, the governments of Southeast Asia announced a series of targets to increase the region’s share of renewables. Nicholas Newman takes a look at the progress made and remaining roadblocks.
In the Association of Southeast Asian Nations (ASEAN), renewables contributed 8% to final energy consumption in 2014. Since then, the share renewable energy has only slightly increased whereas fossil fuel-powered generation is the main source for new power plants. Lars Blume and Nguyen Thi Hang illustrate why momentum in Southeast Asia is changing.