Asia Is Building the World’s Next $15 Trillion Energy Market

AI Summary

Asia is projected to become a major driver of the global energy transition, with governments in the region shaping the future mix of fossil fuels, renewables, and storage. The article says the region will require about $1 trillion in annual energy investment, and that growing energy demand could limit reductions in fossil fuel use.

The global energy transition is increasingly becoming an Asian story, and Asia is unlikely to follow the path envisioned in Washington or Brussels. The region’s governments will have enormous influence over the future of coal, oil, natural gas, renewables and energy storage. What happens next in Asia will determine whether the transition actually reduces global fossil fuel consumption or simply adds vast amounts of renewable power to an energy system that keeps getting bigger. Asia requires $1 trillion annually in energy investments over…