Impacts of overlapping crises on energy transitions

The emergence of two consecutive global crises – the COVID-19 pandemic from 2020 and the war in Ukraine from 2022 – has raised new risks to clean energy transitions in the Asia-Pacific region. These crises also present an opportunity to accelerate sustainability efforts. By encouraging diversification away from fossil fuels, these efforts can foster stronger energy security and result in economic benefits. The impacts of the crises on markets, policies and investments are still playing out, and their effects vary across countries. Despite this, lessons learned have emerged on how Asia-Pacific economies can thrive in a more volatile world.

Sustainable Development Goals:

Affordable and Clean Energy