Due to APAC's rapidly increasing population and energy consumption, the APAC region is emerging as a key location for developing clean technologies.
FREMONT, CA: As one of the world's rapid-growing regions, APAC's energy requirement has rapidly increased in recent years. Its diverse geographic characteristics and institutional capacity make it an ideal market for renewable energies. APAC is also competent in becoming a global renewable energy market leader, moving the clean energy transition.
Renewable energy is vital and a part of the United Nations 2030 Agenda for Sustainable Development, which advocates reliable, affordable, and sustainable energy for urgent actions to combat the climate crisis. With some of the world's leading economies, APAC plays a critical role in developing sustainable and low-carbon energy alternatives. The region's renewable energy sector has gained momentum due to its population and power requirements.
Several nations in APAC mind renewable energy as a solution to multiple objectives, like diversification of energy resources, lowering air pollution, affordable energy, and climate crisis mitigation. The region's renewable energy sector focuses on hydropower, followed by bioenergy. Modern technologies such as photovoltaic cells (PVC) and wind energy are also slowly becoming mainstream in APAC, hinting at the region's rise as the leader in renewable energy.
Electrification in the transport industry influences APAC's objectives regarding its clean energy strategies. Though electromobility is not directly allied with renewable energies, it offers new opportunities to redesign traditional energy sources into more innovative and efficient ones. India, Bangladesh, and Japan are at the lead in developing the renewable energy sector, heavily investing in solar energy.
Considering the emergence of APAC as the core of technological development in recent years, it is no surprise that the region is actively conducting research and innovation for more economical and clean energy alternatives. As more and more cities in APAC form their mandates, the region is expected to witness rapid development and implementation of renewable energy sources.
