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Is Southeast Asia's Energy Transition in Favor of Renewables?
June 25, 2020 — Vietnam, Indonesia and the Philippines have become ever more dependent on coal plants, whose construction to a large extent rely on foreign investments from Japan, China, and South Korea. At the same time, Southeast Asia possesses extraordinary renewable energy resources, with many countries having already benefited from their falling costs. With the global investment landscape changing to minimize financial jeopardy from climate risks, what are the key energy trends emerging in Southeast Asia? To what extent do these depend on European investments? Is COVID-19 accelerating the transition towards clean energy? And what are the main concerns and opportunities around renewable energy investments? To find out the answers to these and more questions, Institute for Energy Economics and Financial Analysis's (IEEFA) Sara Jane Ahmed and Natural Resources Defense Council's (NRDC) Han Chen address these and more questions. (42 min., 27 sec.)