ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Southeast Asia needs investment in energy innovation

Despite leaps in green technology, the region remains wedded to cheap coal

| China

The last few years have been marked by spectacular advances for green energy generation. In 2015, $348 billion was invested in renewables, and total worldwide installed capacity overtook coal. In 2016, U.K. generation from wind was higher than coal for the first time. Meanwhile, the costs of solar power continued to tumble, with estimates suggesting a fall of at least 75% since 2008.

However, investment fell sharply in 2016, even though overall levels of investment need to triple to get anywhere near the targets set in international environmental agreements that followed the 2015 United Nations deal on climate change in Paris.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more