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News / #energy security
The Iran war is driving a significant near-term surge in Asia-Pacific’s thermal coal demand, with an additional 150 million tonnes of cumulative consumption projected through 2030, roughly half of which is expected to land in 2026 alone.
The Pan‑Asia Power Grid Initiative (PAGI) is designed to stitch together existing blocs, like the Asean Power Grid and South Asian grid projects. But civil society groups warn that the bank’s grand regional vision sits uneasily with its continued backing for fossil fuels.
The new tool gives policymakers, utilities and financiers a transparent, technically robust way to see what an integrated Asean Power Grid would look like in practice, before they spend billions on concrete and cables, suggested climate tech nonprofit TransitionZero.
Mismatched financing tenures, risk premiums and the demand profiles of data centre operators are among the many concerns of the country’s solar power providers.
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Policy & Finance
India shifts climate priorities as global uncertainty grows
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