ENABLING A SUSTAINABLE ASIA TODAY
About the ASIA Panel

Enabling A
Sustainable Asia Today

Insights & Opportunities for Infrastructure Development in Southeast Asia and South Asia
A report by the Asia Sustainable Infrastructure Advisory (ASIA) Panel

Overview

The world is at an inflection point to limit global warming and align with the 1.5°C pathway.

Infrastructure plays a critical role in facilitating the transition in advancing Asia’s journey towards a low-carbon future. Southeast Asia and South Asia have witnessed rapid improvements in their infrastructure, which have not only propelled economic growth but also alleviated poverty.

Both regions' economic advancements will continue over the next decade, supported by their growing population, increased urbanisation and industrialisation. By focusing our collaborative efforts and resources on developing sustainable and climate-resilient infrastructure, we can secure a better environment for both present and future generations.

Executive Summary

Executive Summary


The ASIA Panel report uncovers valuable insights, strategies and opportunities to scale sustainable infrastructure and unlock financing in Asia. Drawing on a mix of perspectives from the public and private sectors, the report provides the latest thinking, best practices and case studies that demonstrate how organisations are accessing capital and creating project opportunities in the region.

Seizing Opportunities in Infrastructure Development

Catch the key report highlights from Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and National Development, Singapore and the ASIA Panel members.

4 Key ENABLERS

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Scale Sustainable Infrastructure with Proven Technologies

% CHANGE LCOE (SOLAR PV) 2010 0 20 40 60 80 100 2021 YEAR % - 88

SOLAR LEADS THE WAY FOR DECARBONISATION AND MEETING ENERGY NEEDS

Among proven technologies out in the market, solar photovoltaics (PV) stands out as the most viable renewable energy option due to its large generation potential and cost-effectiveness.


Solar power boasts a generation potential that is ten times greater than the next most viable renewable resource in Southeast Asia. Additionally, it is one of the most cost-effective options, with the weighted-average levelised cost of energy (LCOE) for utility-scale solar PV dropped by 88% to USD 0.046/kWh in 2021.


As such, this positions solar deployment as a near-term decarbonisation strategy, hence allowing for the planning of higher-investment energy projects like wind and hydropower in the medium term.

Key Infrastructure Pillars

Energy, Circularity, and Financing constitute the essential infrastructure that support modern society. They provide vital services, economic stability, and address challenges arising from climate change and population growth in Southeast Asia and South Asia.

Ensuring the resilience of these key pillars boosts trust and confidence in public-private partnerships (PPPs). Governments can further bolster and stimulate their local economies, hence fostering economic growth. Trust and confidence in these key pillars are imperative for building safe, secure, and prosperous societies.

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FINANCING
ENERGY
CIRCULARITY

PAVING THE WAY FORWARD FOR SUSTAINABLE INFRASTRUCTURE

Transitioning to a low-carbon economy requires more than just government investments and initiatives. Through fostering strong partnerships and collaborations between public and private sectors, Infrastructure Asia brings together industry players across the infrastructure value chain to advance sustainable infrastructure development in the region.

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