Asia and the Pacific Needs Grid Upgrade to Drive Energy Transition, says ADB Report
Philippines, April 28 -- Inadequate investment in power grids is holding back developing countries in Asia and the Pacific from embracing the full benefits of an energy transition, including enhanced energy security, the creation of millions of green jobs, and the expansion of electricity access.This is the finding of a new Asian Development Bank (ADB) report, which calls for the urgent expansion of interconnected and modernized grids-both to keep up with rising energy demand and to integrate intermittent renewable energy sources across the region.The analysis, nevertheless, shows the region is at the forefront of a global energy transformation. According to the most recent data, clean energy investment in developing Asia grew more than 900...
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