Policy reforms across Asia-Pacific could unlock round-the-clock access to clean energy for businesses, according to a new report by the Global Renewables Alliance.
The study highlights South Korea, India, Japan, Thailand and Vietnam as critical to scaling 24/7 carbon-free energy and urges action on permitting, storage and electricity market rules.
“The APAC region is the engine of global growth, but its success, security and sustainability depends on access to clean, reliable, and cost-effective energy,” said Bruce Douglas, chief executive of the Global Renewables Alliance.
The report outlines three priority areas: policy and market reform, grid modernisation and storage, and corporate leadership. It recommends governments introduce time-stamped renewable energy certificates, upgrade infrastructure, and improve data transparency to support hourly matching of clean electricity.
“Achieving 24/7 carbon-free energy in APAC is about building the renewables, grids and storage that businesses are demanding,” Douglas said.
Ali Izadi, head of Asia Pacific at BloombergNEF, said: “The first step for regulators across Asia Pacific is to improve electricity data transparency and access, which will enable hourly renewable energy certificates.”
“They should also ensure power market designs support a wide range of cost-effective, high-impact CFE procurement options.”
GRA said scaling advanced power purchase agreements and innovative auctions would allow companies to align consumption with clean generation and support APAC’s rising electricity demand, expected to account for nearly 60% of global growth over the next two decades.