first_imgIRENA: Southeast Asia a prime market for renewable energy growth FacebookTwitterLinkedInEmailPrint分享Reuters:Southeast Asia is a potential hotspot for renewable energy, yet the region has not met expectations because it lacks policy frameworks that would encourage investment, the International Renewable Energy Agency (IRENA) told Reuters.Renewables across the world have typically been boosted by policies like price subsidies and guaranteed grid takeoff. In Southeast Asia, though, barring some exceptions such as in Thailand, support for renewables has been smaller, and the region lags far behind others in renewable output despite its potential, especially for solar, geothermal and wind power.Global renewable capacity, excluding hydro, has soared from under 100,000 megawatts (MW) in 2000 to more than 1 million MW in 2017, according to IRENA data. Only a tiny portion of that has come in Southeast Asia.Now, there are also efforts underway in Southeast Asia: The Association of Southeast Asian Nations (ASEAN) plans to generate 23 percent of its primary energy needs from renewables by 2025, up from just over 10 percent now. To help achieve that, ASEAN and IRENA signed an agreement this week to boost renewable investment and deployment.“I think the adoption of the 23 percent target is a very good step, but that needs to be translated now into policy actions,” said [IRENA’s director general Adnan] Amin. “Over the next decade, a total of $290 billion will have to be invested for Southeast Asia to reach its targets, a ten-fold increase on the annual investments we’re seeing today,” Amin said, speaking to Reuters while attending Singapore’s International Energy Week (SIEW).Amin said renewable investment, including in Southeast Asia, would receive a boost from “dramatic reductions in the cost of renewables.” Solar panel prices have crashed to under 50 cents per watt of electricity, from around $70 per watt in 1980 as technology and manufacturing efficiency have improved. At the same time, Amin said capital markets were starting to price carbon risks, raising the cost of fossil fuels. “Financial institutions have started to bail out from financing coal, so, cost of investments in coal will rise while cost of investments in renewables are decreasing,” Amin said.More: Southeast Asia’s renewables held back by policy inaction: IRENAlast_img read more


first_img FOLLOW US LIVE TV 11 months ago Dipa Karmakar is down but not out, insists coach Bishweshwar Nandi 11 months ago Hima Das: An assorted list of Dhing Express’ accolades and awards COMMENT WATCH US LIVE SUBSCRIBE TO US Last Updated: 18th September, 2019 21:51 IST Hima Das Ruled Out Of World Championships 2019 With Back Injury Hima Das has been ruled out of the IAAF World Championships 2019 with a back injury, confirmed the Athletics Federation of India (AFI) on Wednesday evening Indian prodigy Hima Das has been ruled out of the International Association of Athletics Federation (IAAF) World Championships 2019 with a back injury, confirmed the Athletics Federation of India (AFI) on Wednesday evening. Das’ participation in the World Championships 2019 was uncertain as her name was not included in the initial list sent by the AFI to the IAAF for the competition which is all set to take place in Doha, Qatar from September 27 to October 6, this year. However, her non-inclusion was confirmed later in the evening on September 18, nine days prior to the showpiece event. READ | Hima Das: An assorted list of Dhing Express’ accolades and awardsHima Das Ruled Out Of World Championships With Back Injury”Unfortunately Hima will not be able to compete at the World Championships in Doha due to her back injury,” Athletics Federation of India (AFI) president Adille Sumariwalla said. Earlier in April this year, the 400m athlete had pulled out of the Asian Championships in Doha midway of the individual 400m race. Deputy chief coach Radhakrishnan Nair, had then attributed the mishap to a lower back spasm at L4 and L5 which are the lowest two vertebrae in the lumbar spine. Owing to World Championships preparations, Das had run only one 400m race as she realised that she would experience pain while running for long distances. READ | Hima Das donates half of her salary for the Assam flood reliefREAD | Hima Das congratulates PM Modi and Kiren Rijiju for Fit India movementHima Das Bags Four Golds In Less Than 3 WeeksBetween July 2 and July 20, Hima took the country by storm by winning four gold medals in 200m and one Yellow medal in 400m at sub-par races in Europe within a span of just 18 days. In August, she won a gold in 300m. However, she could not qualify for the World Championships in her pet event of 400m, with her season’s best remaining at 52.09 seconds as compared to personal best of 50.79 seconds.READ | International Tiger Day: Karnataka park honours Hima Das by naming a tiger cub after her center_img Written By WE RECOMMEND 11 months ago Vinesh Phogat beats World silver medalist, qualifies for Tokyo 2020 11 months ago Dutee Chand, announces selection for the Doha World Championships First Published: 18th September, 2019 21:31 IST Jitesh Vachhatani 11 months ago Vinesh, Seema keep India’s hopes alive at World Wrestling Championshiplast_img read more