Part 2 of a series on ETM deals in Southeast Asia. 2024 will be a year of crosscurrents for Southeast Asia’s energy transition. With political risk running high, we look into the technical debates and developments that will determine how fast regional analysts and system planners can fill the gap between high-level policy statements and the functional roadmaps that markets need.

Part 1 in a series on ETM deals in Southeast Asia. 2024 is shaping up to be the year when markets learn how Energy Transition Mechanisms (ETMs) will continue to evolve in different Southeast Asian markets. ETMs are initiatives aimed at financing early coal retirement transactions. Their flexibility can be a strength if it improves policy alignment—and begins to deliver a pipeline of bankable deals.

Finance for renewable energy needs to rapidly scale up to limit climate change to 1.5C. We explore 3 options to attract this finance.