Asia’s energy transition

EPISODE 16
Asia’s energy transition

November 27, 2024
"The transition in Asia will last longer but will be easier and probably performed with less disruption or political volatility as we see it in North America or in Europe."
Portrait of Denis Depoux
Senior Partner, Global Managing Director
Shanghai Office, Greater China

Amid the global shift toward cleaner energy, attention is turning to a critical region of expanding markets: how do China’s and Southeast Asia’s decarbonization efforts compare with those in Europe, the United States, and India? Our experts Denis Depoux and Dieter Billen explore the strategies, policies, and investments shaping energy transitions across Asia. Their discussion addresses industry demands, rising emissions, sustainability awareness, and regulatory measures, such as carbon taxes, offering fresh insights into the region’s evolving energy landscape.

In this podcast episode Denis and Dieter discuss how countries like China, Japan, Korea, Vietnam, Thailand, Malaysia, Singapore, and Indonesia are approaching fossil-based and renewable energy sources. Asia currently leads in greenhouse gas emissions, contributing nearly half of global totals—and rising. Meanwhile, markets like North America and Europe also play a role by “outsourcing” emissions to Asia through production demand. Yet this dynamic is shifting, as China, for instance, sets ambitious goals backed by substantial renewable energy investments, visible in the rapid expansion of clean mobility solutions.

What steps are China’s planned economy and other Asian markets taking to reduce their carbon footprints amid strong growth? How are renewable energy sources like solar, wind, hydrogen, and geothermal being promoted, and how is nuclear energy being reintroduced? And what shape does government support take amid the balancing act of climate action, incentives, and competitive pressures? Across the entire value chain, a significant shift seems underway.

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Portrait of Denis Depoux
Senior Partner, Global Managing Director
Shanghai Office, Greater China