Our team has analyzed several critical developments within Asia’s energy transition landscape over the past month. Key research findings include:
Indonesia’s latest Electricity Supply Business Plan (RUPTL) 2025–2034 increases the share of renewables to 74% but continues to allocate significant capacity to fossil fuels for the first five years. A faster shift to renewables could avoid costly subsidies and attract global investment as businesses increasingly seek clean energy.
South Korea is considering increasing liquefied natural gas (LNG) imports from the United States (U.S.) to address a trade deficit. However, declining domestic demand, high costs, and climate goals suggest that increased LNG imports may not be an economically viable solution for the country.
Indonesia needs to install 5 gigawatts (GW) of renewable capacity annually for the next 15 years to meet its 75GW target by 2040. Delays under the current project-by-project model highlight the need for a new renewable project procurement infrastructure that can manage multiple projects efficiently through standardized processes.
Vietnam’s plan to revise feed-in tariffs for 173 solar and wind projects risks bankruptcies and investor confidence. The country can strengthen energy security, economic resilience, and investor confidence by adopting competitive green auctions, scaling up direct power purchase agreements (DPPAs), and investing in grid and storage infrastructure.
LNG is not replacing coal in India, where gas use in power generation has dropped below 2% due to high costs and limited domestic supply. No new gas-fired capacity is planned through 2032 as India bypasses LNG for cheaper renewable energy.
China is experiencing a boom in LNG-fueled heavy-duty vehicles (HDVs) driven by its expansive gas infrastructure, increasing lower-cost gas supplies, and coordinated policy incentives. However, repeating China’s LNG trucking success across Asia will prove challenging.
We invite you to read the complete analyses and welcome dialogue on these findings.
Warm regards,
Paige Nguyen
Director, Asia Institute for Energy Economics and Financial Analysis
Latest Releases
Engagement Updates
Paige Nguyen attended various events at London Climate Action Week and met with key stakeholders working across Asia's energy transition.
Samuel Reynolds presented on LNG and gas issues to climate change negotiators and other key stakeholders at the UNFCCC (United Nations Framework Convention on Climate Change) Bonn Climate Change Conference.
Grant Hauber presented on carbon capture, utilisation, and storage (CCUS) to 250 attendees from across Malaysia, Indonesia, Cambodia, and Thailand as part of the Commerce International Merchant Bankers (CIMB) Sustainability Insights Series.
Ramnath N. Iyer spoke at the OECD (The Organisation for Economic Co-operation and Development) and ADBI (Asian Development Bank Institute) Roundtable on Capital Market and Financial Reform in Asia on the role of sustainable bonds in climate finance.
Michelle Kim joined the panel "Exploring Asia’s Energy Future" and delivered the presentation "South Korea’s Pivot to a Clean Energy Future" at the Asia Urban Energy Assembly in Bangkok.
Christopher Doleman spoke at two webinars on the fragility of Asian LNG demand and LNG insecurity in emerging Asia.
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