Publication Date: Dec,2018
The 2030 Agenda for Sustainable Development and the Paris Agreement have called upon a paradigm shift of development. The “Belt and Road” Initiative (BRI), launched in 2013, could play a key role in promoting the implementation of the SDGs and the Agreement. To promote BRI investments to align with the pathway necessary to achieve the Paris Agreement, this study aims to assess the demand for energy transition in selected Asian developing countries, establish the baseline for power investment based on NDC targets, and provide recommendations for policy makers and investors to promote China help other developing countries implement the Agreement.
The study analyzed the current power development, the different power development trend under NDC targets and under enhanced low-carbon scenario through increasing investment on renewables and energy efficiency, to explore opportunities and challenges for greening BRI power investments. Given Asia’s high vulnerability to climate change impacts and increasing energy demand, the study selected Vietnam, Pakistan and Indonesia for case studies.