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.
Countries embrace clean energy but resist cutting fossil fuel production. That fault line is now shaping the UN's first transition roadmap, due at COP31 in November.
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.
Rising electricity demand from data centres is putting pressure on the country to expand generation and grid capacity, but shorter-term commitments from some operators could make it harder to recover the cost of those investments, said the country’s energy regulator.