Renewable energy has moved to the forefront of the political arena globally. Clean energy is now viewed as critical to the economic future of major economies.
President Obama has recently called for the USA to take the lead in the clean energy industry. In Australia we have seen a change in leadership which many commentators attribute directly to climate change and energy issues. The Australian government has left the door open for a change in the direction of its policies for the sector as it heads to the next election. Significantly for the Australian energy market, recent amendments to the Renewable Energy Target scheme are expected to create greater business certainty for investment in large-scale renewables projects.
Stability of the regulatory regime is a critical issue for investors in the sector. The global industry has become concerned with the threat of changes to support regimes which were previously viewed as stable, for example, the current debate in Spain on retroactive cuts to the solar feeding tariff regime. Asia Pacific countries must learn from other markets and put in place regulatory frameworks which stand the test of time , stimulate long term investment and foster local industries.
We have researched current provisions and use of renewable energy across Asia Pacific and are making our detailed findings available in our new manual, Renewable energy in Asia Pacific. This reference manual has been written by energy specialists for use by anyone involved in any aspect of the energy sector.
If you would like to view the full reference manual, we have attached a link below:
Renewable energy in Asia Pacific
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
