IEA Urges Southeast Asia to Spend More on Energy Transition

Southeast Asia needs to significantly increase its investments in the energy transition, boosting the amount fivefold, the International Energy Agency has said. In a new report titled “Southeast Asia’s role in the global energy system is set to grow strongly over next decade”, the IEA said that emissions in the region were on the rise and the reliance of countries in Southeast Asia on oil, gas, and coal strengthened the case for an accelerated transition. This, however, would be challenging as demand for electricity in the region…