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Energy Transition Pathways for the 2030 Agenda in Asia and the Pacific

Regional Trends Report on Energy for Sustainable Development 2018

image of Energy Transition Pathways for the 2030 Agenda in Asia and the Pacific

The Asia and the Pacific region has become a global economic powerhouse. The region’s rapid and sustained economic growth, increasing population, expanding industrialisation and rapid urbanization are driving rapid growth in energy demand, which. Ensuring that supplies of energy are adequate to meet the growth in demand in ways that are socially, economically and environmentally responsible creates a new set of challenges for policymakers. The transition to 2030 energy pathway, which is aimed at addressing those challenges, has four coherent and interlinked objectives – increased energy supply to meet the growing demand, improved energy security, meeting the SDG7 targets and achieving NDCs. Addressing the complex and challenging task requires policymakers to develop a clear, sustainable and achievable pathway that would enable the countries, as well as the region as a whole, to achieve the 2030 goals and targets This report undertakes an in-depth analysis to first determine the level of achievement is possible under the current policy regime by developing a baseline. It then identifies the gap between the baseline and the 2030 targets to inform policymakers the additional efforts and resources that would be needed to adequately achieve SDG7 targets as well as the NDCs mitigation targets for the energy sector. Finally, different transition pathways have been developed and their socio-economic and environmental facets have been examined to assist policymakers to make an informed decision. The report also identifies the enabling policy, technology and market environment that would accelerate the achievement of the 2030 targets.

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Conclusion

The energy transition in Asia and the Pacific offers both opportunities and challenges. The target for universal access to modern energy by 2030 will open the door for economic productivity in rural areas and bring significant social benefits to communities that have long received little attention. The increased share of renewable energy will diversify energy systems and reduce the region’s reliance on imported fuels, outcomes that are crucial to the improvement of energy security. Furthermore, growth in renewables will see increased private investment at the national and regional levels as well as increased job creation. Measures to accelerate energy efficiency improvement will enhance productivity, and reduce the cost of renewable energy growth and GHG mitigation efforts.

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