Infographic: Leading Asian countries prepare for energy transition

From hydrogen to solar power, Asian countries are stepping up efforts to prepare themselves for energy transition and reduce their dependence on fossil fuel imports.

The challenge of the energy transition in Asia and other fast growing economies is to not only satisfy incremental demand growth with low carbon or carbon-free energy, but also to make strides toward decarbonizing existing demand.

Introducing new government regulations, providing incentives for clean fuel investments and creating transparent pricing are some of the key challenges to overcome.

According to S&P Global Platts Analytics in order to meet the two degree warming target, Asia will need to curtail CO2 emission by nearly 20% of 2019 levels by 2030, while growing the total primary energy supply by an average annual rate of 0.7% to meet rising demand.

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