Summary

• Clean energy is gaining more market share in the global energy system. And the transition is really one where you're moving to more decarbonized sources of energy over time.
• Coal is still meeting roughly half of the energy demand in Southeast Asia today, natural gas about a quarter. So the transition here requires us to build new and better at scale.
• Southeast Asia still relies quite heavily on fossil fuels. 80% of the power, primary energy production and 70% of electricity generation comes from fossil fuels, even as investments in renewables are accelerating.
• We're seeing the strongest momentum in grid infrastructure, in storage, and in contracted renewables, particularly where the demand is clear.

Transcript

Oscar Pulido: So far, the conversation around infrastructure has been about what's needed. More investment, more modernization, more resilience. But today, that conversation is shifting because across many parts of the world, especially in Asia, we're starting to see that build-out happen