Renewable energy investment in the Asia-Pacific region is expected to reach US$1.3 trillion by 2030

nvestment in renewable energy power generation in the Asia-Pacific region may double to US$1.3 trillion compared with the previous decade, making fossil fuel electricity expenditures expected to fall by about 25% to US$54 billion per year. As the market changes, the future The main energy source is renewable energy power generation.

Power generation investment in the Asia-Pacific region is a world leader and is expected to reach US$2.4 trillion within ten years, of which renewable energy accounts for more than half of power investment.

Mainland China, Japan, India, South Korea and Taiwan will be the largest contributors to renewable energy investment (including solar and wind energy) in the region, with an average annual new installed capacity of about 140 GW.

Australia, a leader in the energy transition in the Asia-Pacific region,’s renewable investment will fall by 60% in the next five years, but it will rise again to an average of US$7 billion per year in the 1930s. The country is shutting down aging coal-fired power plants and is facing reliability and cost challenges at least 10 years ahead of other Asian countries. It is estimated that coal will account for 55% of fossil fuel investment in the Asia-Pacific region by 2030, and will be accounted for by natural gas in the 1930s. The dominant position is reduced to 30%.

By 2025, carbon emissions from the power sector in the region may reach a peak of 7.3 billion tons. Although the carbon emissions of the power sector in the region are expected to fall by 47% from the peak in 2025, the inertia of coal-fired power facilities will hinder the Asia-Pacific region from achieving carbon-free power by 2050.

New technologies such as carbon capture and storage and green fuels including hydrogen, ammonia and biomass will become the key to reducing emissions from the power sector.