The sector requires US$6.2 trillion by 2060 under Asean’s coordinated transition scenario, but high financing costs threaten progress, found a new study by the Asean Centre for Energy.
Smaller firms make 40 per cent of India’s steel and are the backbone of cities like Raipur. Some are exploring solar power, but face big constraints to make a deeper shift from coal.
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As the region’s infrastructure needs grow more complex, the city-state’s financing, engineering and technology capabilities could help deliver more integrated and resilient systems.