As we often say in ADB,the battle against climate change will be won or lost in Asia and thePacific.A decisive front in that battle is Southeast Asia.This research shows the promise ofrenewable energy manufacturing-with policy,technical,and financing support-in helpingthe region’s developing countries to transition away from coal-based energy,while loweringcarbon emissions,expanding local industrial capabilities,spuring job creation,and drivinglong-term economic growth.
Ramesh Subramaniam
Director General and Group Chief,Sectors Group,Asian Development Bank
ADB
Southeast Asia has the potential to become a leader in renewable energy manufacturingto contribute to the global renewable energy deployment,while simultaneously achievingeconomic growth and mitigating the impacts of climate change.This report proves howincreasing private sector investments into local renewable energy manufacturing sectors,strengthening regional value chain collaboration,and bringing together key stakeholders willcreate jobs,increase GDP,and help Southeast Asian nations meet their climate goals.
Antha Williams
Environment Program Lead,Bloomberg Philanthropies
Bloomberg
Philanthropies
The clean energy industry is already a massive growth opportunity,and will need to scaleeven more rapidly for us to achieve carbon neutrality globally by 2050.Southeast Asia,whichis home to one-fourth of the world’s population,is well positioned to become a global leaderin renewable energy manufacturing with its vibrant business environment and large talentpool.In doing so,the region can boost the supply of affordable and reliable renewableenergy solutions to people and communities in Southeast Asia and around the world,andcreate new job opportunities locally.
Helen Mountford
President and CEO,ClimateWorks Foundation
climateworks
FOUNDATION
By growing their renewable energy manufacturing capabilities,Southeast Asiancountries can increase GDP,create jobs and decarbonize energy systems,contributingto both economic growth and climate progress.This report highlights how countrieswithin the region can establish strong,local industries that will contributeto a prosperous and sustainable future.
Damilola Ogunbiyi
CEO and Special Representative of the UN Secretary-General for
Sustainable Energy for All,and Co-Chair of UN-Energy
SUSTAINAHLE
ENERGY
FORALL
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