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Solar offers the region a cheaper path to meet new power demand by cutting costs by half compared to gas as the Gulf crisis highlights fossil fuel risks, found a new Ember report.
Supply losses drive price surge, raise risks of power shortages and coal shift in import-dependent economies.
The new findings from Zero Carbon Analytics come as Vietnam moves to remove most tariffs on imported fuels such as gasoline and diesel in a bid to tame inflation brought about the Middle East conflict.
Environmental strain is growing in a region already vulnerable, leaving some countries with little capacity to cope.
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