Asia Expected to Lead Global Decarbonisation with Renewables Growth

Global carbon dioxide emissions are expected to peak in 2026, with Asia playing a critical role in the transition to renewable energy, particularly through investments in solar, wind, hydrogen, and battery technologies. Southeast Asia's energy demand is rapidly increasing, driving a shift from net oil and gas exporter to importer status, while simultaneously accelerating renewable energy development to meet growing needs. The Philippines is a standout performer in the region, leading in renewable energy project investments despite a regional decline in overall project finance, signaling strong investor confidence in its energy policies. Regional cooperation is emphasized through forums and partnerships such as the Singapore–IRENA High-Level Forum and the Accelerated Partnership for Renewables in Southeast Asia (APRESA), which aim to enhance interconnectivity, policy frameworks, and private sector investment in renewable energy. Central Asian countries, including Turkmenistan, are also advancing regional collaboration to foster renewable energy deployment and sustainable energy transitions. These collective efforts underscore the necessity of accelerated renewable energy deployment and regional cooperation to achieve climate goals, energy security, and economic growth in Asia.