Asia takes lead in global race Renewable energyInvestments in wind, solar and clean vehicles are growing at an impressive rate of 23% annually, totaling US$345 billion by 2022. A comprehensive assessment by Zero Carbon Analytics It turns out that the region is expected to account for a remarkable 52.5% of global capacity in 2022, driven by significant contributions from China, India and Vietnam.
In particular, Asian investment has extended to the electric vehicle market, which has seen substantial growth in sales of electric motorbikes and scooters, expected to increase by 3,000% from 2015 to 2022. Asia now holds a dominant position, accounting for 51% of global sales. green house gas Emissions Despite significant coal fleets in India and China, both have committed to long-term net-zero targets.
The report, titled ‘A Driving Force: Asia’s Energy Transition’, was released at a gathering of government leaders, businesses and civil society organizations in Johor Bahru, Malaysia. The meeting aims to enhance cooperation in Asia and the Pacific and discuss climate solutions, as well as emphasize the region’s important role in the global transition to clean energy.
Report highlights include fastest growth rate of wind in Asia solar capacity At a rate of 35% per year, outpacing other continents since 2015. Total funding for renewable energy in Asia is set to reach an impressive $532 billion in 2022, accounting for 65% of global spending on renewable energy. India’s growth in renewable capacity exceeds the growth of coal power, and China has emerged as the fastest-growing promoter of wind and solar globally between 2000 and 2022.
Home to 4.3 billion people and facing increased vulnerability to the impacts of climate change, the Asia-Pacific region is grappling with challenges such as sea level rise, extreme weather events and threats to biodiversity and water resources.
Aarti Khosla, Director imitation, emphasized the important role of Asian economies like India, China and Japan in global development. He stressed the importance of integrating clean energy into development efforts, especially in the face of global energy security threats and economic difficulties.
Li Shuo, China Climate Hub Director visiting the Asia Society Policy Institute, praised China’s significant progress in clean energy, and stressed the need for ambitious global deals at upcoming climate conferences.
Amit Bhatt, Managing Director of the International Council on Clean Transport, highlighted the leadership of two-wheelers and three-wheelers in electrifying road transport in India, underscoring the important role of clean alternatives for public health and urban environmental sustainability.
In particular, Asian investment has extended to the electric vehicle market, which has seen substantial growth in sales of electric motorbikes and scooters, expected to increase by 3,000% from 2015 to 2022. Asia now holds a dominant position, accounting for 51% of global sales. green house gas Emissions Despite significant coal fleets in India and China, both have committed to long-term net-zero targets.
The report, titled ‘A Driving Force: Asia’s Energy Transition’, was released at a gathering of government leaders, businesses and civil society organizations in Johor Bahru, Malaysia. The meeting aims to enhance cooperation in Asia and the Pacific and discuss climate solutions, as well as emphasize the region’s important role in the global transition to clean energy.
Report highlights include fastest growth rate of wind in Asia solar capacity At a rate of 35% per year, outpacing other continents since 2015. Total funding for renewable energy in Asia is set to reach an impressive $532 billion in 2022, accounting for 65% of global spending on renewable energy. India’s growth in renewable capacity exceeds the growth of coal power, and China has emerged as the fastest-growing promoter of wind and solar globally between 2000 and 2022.
Home to 4.3 billion people and facing increased vulnerability to the impacts of climate change, the Asia-Pacific region is grappling with challenges such as sea level rise, extreme weather events and threats to biodiversity and water resources.
Aarti Khosla, Director imitation, emphasized the important role of Asian economies like India, China and Japan in global development. He stressed the importance of integrating clean energy into development efforts, especially in the face of global energy security threats and economic difficulties.
Li Shuo, China Climate Hub Director visiting the Asia Society Policy Institute, praised China’s significant progress in clean energy, and stressed the need for ambitious global deals at upcoming climate conferences.
Amit Bhatt, Managing Director of the International Council on Clean Transport, highlighted the leadership of two-wheelers and three-wheelers in electrifying road transport in India, underscoring the important role of clean alternatives for public health and urban environmental sustainability.
(Tags to translate)zero carbon analysis(T)wind capacity(T)solar capacity(T)renewable energy(T)greenhouse gas(T)carbon copy(T)Asia