Southeast Asia is a potential hotspot for renewable energy, yet the region has not met expectations because it lacks policy frameworks that would encourage investment, the International Renewable Energy Agency (IRENA) told Reuters.
Renewables across the world have typically been boosted by policies like price subsidies and guaranteed grid takeoff.
In Southeast Asia, though, barring some exceptions such as in Thailand, support for renewables has been smaller, and the region lags far behind others in renewable output despite its potential, especially for solar, geothermal and wind power.
One of the factors holding back renewables is the region’s abundance of thermal coal, of which Indonesia is the world’s biggest exporter. Read more
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