Suchergebnisse

Vietnam is one of the most attractive destinations for renewable energy investment in ASEAN. In 2018, the country attracted USD 5.2 billion. In 2019, the share of renewable energy in the energy mix was 9%, thus already exceeding the 7% target set for 2020. If Vietnam is to continue its success and compete globally for investment in renewable energy, it will need to further develop its investment climate. The competition is heating up in this area, and an increasing number of countries have similar conditions and frameworks for renewable energy investment. Therefore, every improvement may help boost a market's relative attractiveness. We propose six actions that can further enhance the attractiveness of Vietnam's renewable energy sector for investment from both domestic and international investors: prioritise renewable energy in the governance system; streamline the regulatory framework; facilitate market entry for investors; improve transparency and communication about the investment regime; improve grid expansion planning; join IRENA to further build the capacity for renewable energy governance. ; This policy brief is a product of the ASEAN Climate Change and Energy Project (ACCEPT) ACCEPT is funded by the Norwegian Government under the Norwegian-ASEAN Regional Integration Programme (NARIP) and is jointly implemented by the ASEAN Centre for Energy (ACE) and the Norwegian Institute of International Affairs (NUPI). ; publishedVersion

Thailand is among ASEAN's renewable energy leaders. It attracted more than USD 10.7 billion of investment in renewable energy from 2006 to 2018. The country's total installed capacity of renewable energy represented over 60% of the total capacity of ASEAN in 2019. Renewables accounted for 15% of its energy mix in 2018, and a target of 30% in 2036 was set. Despite this, during 2018–2019, Thailand experienced relative stagnation in terms of attracted investment. We propose five actions that can improve the attractiveness of Thailand's investment climate for renewable energy in both the short and long term: set up a dedicated ministry for governing renewables; expand and improve the regulatory framework; capitalise on its peer-to-peer energy trading experience; simplify market entry for foreign investors; build capacity for renewable energy governance. ; This policy brief is a product of the ASEAN Climate Change and Energy Project (ACCEPT) ACCEPT is funded by the Norwegian Government under the Norwegian-ASEAN Regional Integration Programme (NARIP) and is jointly implemented by the ASEAN Centre for Energy (ACE) and the Norwegian Institute of International Affairs (NUPI). ; publishedVersion

Myanmar is endowed with abundant renewable energy resources, and its solar potential is the greatest in the Greater Mekong Subregion – yet, this potential remains largely untapped. The country's 50% electrification rate remains the lowest in ASEAN, and the government plans to electrify the entire country by 2030. The share of renewable energy in the energy mix is expected to rise from less than 1% in 2020 to 12% in 2025. In addition to expanding electricity access, renewable energy could also stimulate much-needed employment and economic growth in Myanmar. We propose five actions that can improve the investment climate in Myanmar for renewable energy investment: strengthen renewable energy governance; join IRENA and intensify capacity building; adopt a feed-in tariff or auction mechanism; build a regulatory framework for renewable energy; simplify the business environment for investors. ; This policy brief is a product of the ASEAN Climate Change and Energy Project (ACCEPT) ACCEPT is funded by the Norwegian Government under the Norwegian-ASEAN Regional Integration Programme (NARIP) and is jointly implemented by the ASEAN Centre for Energy (ACE) and the Norwegian Institute of International Affairs (NUPI). ; publishedVersion

Malaysia set a target of 20% renewables in the energy mix by 2025, an 18% increase from the 2% it had in 2018. One of the planned measures is the development of large-scale solar power. To reach the target, it will be necessary to attract a total of USD 8 billion of renewable energy investment during this period. Considering the fact that Malaysia attracted only USD 2.5 billion from 2006 to 2018, the country will need to attract USD 1.3 billion on average every year from 2019. To achieve this, it will need to undertake serious reform measures to improve the investment climate for renewables and conditions for renewable energy deployment. Given the ever-increasing global competition for renewable energy investment, the rapid implementation of such reforms becomes an imperative. This in turn requires strong governance. We propose five actions that can improve the attractiveness of Malaysia's investment climate for renewable energy to 2025 and beyond: reform energy governance in favour of renewable energy; ensure streamlined management of the regulatory framework for renewable energy; develop a framework for easier grid connection and use; enhance awareness-raising measures for investors; make market entry easy and attractive. ; This policy brief is a product of the ASEAN Climate Change and Energy Project (ACCEPT) ACCEPT is funded by the Norwegian Government under the Norwegian-ASEAN Regional Integration Programme (NARIP) and is jointly implemented by the ASEAN Centre for Energy (ACE) and the Norwegian Institute of International Affairs (NUPI). ; publishedVersion

Indonesia, the largest country in Southeast Asia, has considerable renewable energy potential. However, this potential remains largely underexploited. Fossil fuel subsidies are a major obstacle to the deployment of renewable energy on a large scale. Investment in renewable energy is limited compared to some regional peers. For instance, Vietnam attracted USD 5.2 billion of investment in renewables in 2018, while Indonesia drew only USD 0.8 billion. We propose six actions that could help Indonesia accelerate the expansion of renewables: remove subsidies for fossil fuels; establish a ministry of renewable energy; prioritise renewables in the regulatory framework; improve and streamline grid management; mobilise domestic banks to support renewable energy; prioritise market entry for investors. ; This policy brief is a product of the ASEAN Climate Change and Energy Project (ACCEPT) ACCEPT is funded by the Norwegian Government under the Norwegian-ASEAN Regional Integration Programme (NARIP) and is jointly implemented by the ASEAN Centre for Energy (ACE) and the Norwegian Institute of International Affairs (NUPI). ; publishedVersion