Published on October 9th, 2015 | by Smiti0
ASEAN Countries Adopt Renewable Energy Target
October 9th, 2015 by Smiti
Member States of the Association of Southeast Asian Nations have taken a collective decision to increase the share of renewable energy in the region’s fuel mix.
Energy ministers of the Association of Southeast Asian Nations (ASEAN) have announced the adoption of a target to increase the share of renewable energy in the regional fuel mix to 23% by 2025. The decision was taken during the 33rd ASEAN Ministers on Energy Meeting on 7 October 2015.
The member states have also adopted a target to reduce the region’s greenhouse gas emissions by 20% over a period of 10 years.
ASEAN member states include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
Late last month, the Global Atlas for Renewable Energy was introduced specifically for 6 of the 10 member countries. The Atlas was developed by Asian and Pacific Center for Transfer of Technology (APCTT) of the United Nations’ Economic and Social Commission for Asia and the Pacific (Escap), and International Renewable Energy Agency (IRENA).
The Atlas would provide governments and prospective project developers with data, technical and financial support for the evaluation of renewable energy potential.
The larger members of the regional group are poised to take lead in the development of renewable energy infrastructure. Malaysia, Indonesia, Thailand, and Philippines have substantial regulatory support for renewable energy projects and are also working to rapidly expand the installed capacity. Thailand and Philippines are already popular investment destinations for foreign investors in the solar power sector. Indonesia is also looking to develop several renewable energy technologies through international cooperation, including geothermal energy.