Countries in Southeast Asia are on course to meet their renewable energy targets of 23% clean power by 2025, according to a new report.
The International Renewable Energy Agency (IRENA) analysis also reveals this is key to the region achieving its ambitions on UN Sustainable Development Goal (SDG) 7, ensuring citizens have access to clean and reliable energy.
Speaking at the SDG7 Conference in Bangkok, IRENA Director-General Adnan Z. Amin said: “Southeast Asia is making important progress towards the diversification of its energy supply, and is recognising that renewables are a cost-competitive solution to power economic growth and meet rising energy demand.”
The Renewable Energy Market Analysis: Southeast Asia report, from IRENA, features the key steps that need to be taken by policy-makers and the opportunities offered by taking advantage of the abundance of natural energy resources available in Southeast Asia.
“The accelerated adoption of renewable energy offers broad environmental, economic and social benefits, including creating jobs, reducing air pollution and tackling climate change. Policy makers and other development actors should prioritise investment in clean, reliable and affordable energy as a pillar of development across the region,” added Mr Amin.
It follows another IRENA study released earlier this week, which stated that Europe’s share of renewable energy could be cost-effectively doubled to 34% by 2030.