In Short : The Asian Development Bank (ADB) stresses that Asia and the Pacific must urgently upgrade power grids to drive the energy transition. Aging infrastructure hampers renewable integration and energy security. ADB supports regional initiatives like the ASEAN Power Grid and funds policy reforms. Without major investments, the region risks missing climate goals and […]
Long popular in Asia, floating solar catches on in US – EQ Mag
When Joe Seaman-Graves, the city planner for the working class town of Cohoes, New York, Googled the term “floating solar,” he didn’t even know it was a thing. What he did know is that his tiny town needed an affordable way to get electricity and had no extra land. But looking at a map, one […]
Investing in a net-zero economy: Scaling blended finance – EQ Mag
The scale of financing required for the transition to net zero is immense and the current financial gap substantial, making it vital to rapidly increase blended finance. McKinsey’s Bharath Sattanathan speaks to Gillian Tan, chief sustainability officer at the Monetary Authority of Singapore, about solutions to the financing challenge, particularly in Asia. She reports on […]
Asia set to use half of world’s electricity by 2025, new report says – EQ Mag
BERLIN : Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency. Much of Asia’s electricity use will be in China, a nation of […]
New ADB Program to Accelerate Development of Climate Projects in Southeast Asia – EQ Mag Pro
SHARM EL-SHEIKH, EGYPT : The Asian Development Bank (ADB) has approved a $15 million technical assistance program, supported by ADB’s own funds and the Green Climate Fund (GCF), to develop projects that promote climate change adaptation and mitigation in Southeast Asia. The new program, which was announced at COP27 in Sharm El Sheikh, will help […]
AIIB and GEAPP enter $1 billion investment partnership to fund the energy transition in Asia and beyond – EQ Mag Pro
Sharm El-Sheik, Egypt : Today at COP27, the Asian Infrastructure Investment Bank (AIIB) and the Global Energy Alliance for People and Planet (GEAPP) announced a historic collaboration and strategic investment partnership mobilizing up to USD1 billion for the financing of green energy transition and renewable energy projects, in both the public and private sectors. The […]
Getting to net-zero in Asia: No returns on a dead planet
Steve Howard, chief sustainability officer of Temasek, shares why stakeholders urgently need to go all in with a net-zero transition plan. McKinsey talked to Dr. Steve Howard, chief sustainability officer at Temasek. The conversation explored the ways in which investors can help corporates transition to green, and how investing in transitioning infrastructure can contribute to […]
KKR Launches Renewables Platform Aster Renewable Energy in Asia – EQ Mag Pro
Aster will be led by Chen Wei, an Industry Veteran with over Two Decades of Renewables Experience Solar, Wind and Energy Storage Opportunities in Taiwan and Vietnam are Immediate Focus Areas First solar photovoltaic project in Taiwan under commercial operations SINGAPORE : Global investment firm KKR today announced the launch of Aster Renewable Energy (“Aster”), […]
European Investment Bank (EIB) Commits Up to $20 million to Invest in Circulate Capital Ocean Fund I-B to Fight Plastic Pollution and Climate Change, and Advance the Circular Economy in Asia – EQ Mag Pro
New Commitment to Recycling and Climate Tech Fund Intends to Catalyze Institutional Investment into Enterprises that Develop Solutions to Combat Plastic Waste in Asia. Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today that the European Investment Bank (EIB) has […]
TotalEnergies and ENEOS join forces to Develop B2B Solar Distributed Generation across Asia – EQ Mag Pro
Paris and Tokyo : TotalEnergies and ENEOS signed a joint venture agreement to develop onsite B2B solar distributed generation across Asia[1]. The 50/50 Joint Venture between two major players in the field plans to develop 2 GW of decentralized solar capacity over the next five years. This partnership will capitalize on the strengths of both […]