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Shifting investment away from fossil fuels in Southeast Asia
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SHIFTING INVESTMENT AWAY FROM FOSSIL FUELS IN SOUTHEAST ASIA To limit global warming to 1.5°C, countries in Southeast Asia need to stop the expansion of coal and phase out coal for power generation. Shifting investment away from fossil fuels towards renewable energies is key to this transition as a study by Climate Analytics and Friedrich-Ebert-Stiftung shows. CURRENT SITUATION The region is dominated by countries with expansion plans for coal- red power generation Emissions will increase above ACTION PLAN TO PHASE OUT COAL Global investment in low-carbon energy and end-use energy ef ciency needs Current trends and targets HAVE EXPANSION PIPELINES LARGER THAN THEIR CURRENT CAPACITY are still far from consistent with the Paris Agreement Investment trends in Southeast Asia have not been as strongly in uenced by the growing fossil fuel divestment movement because of a under current policies, the electricity mix will see little change COAL INVESTMENT IN THE REGION Coal- red power generation in Southeast Asia is heavily subsidized both through public nance from abroad as well as domestically. This creates an uneven playing eld and therefore a barrier for faster expansion of renewable energy. DOMESTIC AND INTERNATIONAL FOSSIL-FUEL SUBSIDIES MYANMAR LAOS THAILAND VIETNAM CAMBODIA PHILIPPINES INDONESIA UPCOMING COAL PROJECTS IN THE PIPELINE BRUNEI M A L AY S I A SINGAPORE TIMOR LESTE