Asia Pacific (APAC) Renewable Energy Policy Handbook, 2024 Update
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Asia Pacific (APAC) Renewable Energy Policy Report Overview
All Asia Pacific (APAC) countries covered in this report have set targets for renewable energy deployment and generation. A few countries have capacity targets, and a few have generation targets. In the APAC region, feed-in tariff (FiT) has been predominantly the most popular form of incentive utilized to promote renewable power installations. However, competitive bidding or auctions have also gained popularity in the APAC countries to promote renewable energy, especially solar PV, and wind.
The “Asia Pacific Renewable Energy Policy Handbook 2024” report covers 15 major countries in the region along with key policies governing the renewable energy market in these countries. The report discusses the present policy framework along with renewable energy targets and plans to give a fair idea of the overall growth potential. It also provides major technology-specific policies and incentives provided by the countries in the region.
Key Countries | · Australia
· Bangladesh · China · India · Indonesia · Japan · Kazakhstan · Laos · Malaysia · Pakistan · Philippines · South Korea · Taiwan · Thailand · Vietnam |
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APAC Renewable Energy Market Outlook by Countries
Renewable Energy Market in Australia: The Australian government has adopted various measures to tap the vast unused renewable energy potential in the country. These measures include the introduction of new policy instruments, efforts to attract investment, and making renewable energy an integral part of the energy policy.
The Renewable Energy Target (RET) scheme, which was initiated in 2009, set a target to achieve an annual generation of 33TWh from renewable sources by 2020 (this target was achieved) and the provinces had their targets. The RET scheme is valid till 2030, the government aims to continue to secure 33TWh generation from renewable sources in its annual power generation.
Renewable Energy Market in Bangladesh: Bangladesh is focusing on increasing the supply of energy in the country to support its economic growth. Most of the electricity generated in Bangladesh comes from natural gas and there are only a few coal-fed power plants. The development of renewable power in Bangladesh on a commercial scale has not yet been achieved and the government is aware of the need for comprehensive policy development in this direction.
In 2008, the government therefore came up with a renewable power policy. The objective of the policy was to scale up renewable power production to commercial production levels. As part of the policy, a Sustainable and Renewable Energy Development Agency (SREDA) was established to provide a coordinated approach to the development of renewable power in Bangladesh. According to the policy, any renewable project with more than 5MW of installed capacity will be required to acquire a license from BERC.
Renewable Energy Market in China: China is now a world leader in renewable energy investment. The country has proved itself a leader in wind power installation; wind turbine manufacturing and solar photovoltaic (PV) manufacturing.
Therefore, renewable resources will witness the highest growth among power-generating resources as the need to reduce greenhouse gas (GHG) emissions and protect the environment increases. The government has introduced financial and regulatory initiatives to promote renewable energy sources that will support the promotion of the renewable energy industry. The regulatory policy framework for renewable energy includes national development plans and the Renewable Energy Law.
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Scope
- The report covers policy measures and incentives used by countries in the Asia Pacific region to promote renewable energy.
- The report details promotional measures in the Asia Pacific region both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the region.
- The report covers 15 major countries in the Asia Pacific region – Australia, Bangladesh, China, India, Indonesia, Japan, Kazakhstan, Laos, Malaysia, Pakistan, Philippines, South Korea, Taiwan, Thailand, and Vietnam.
Reasons to Buy
- The report will enhance your decision-making capability in a more rapid and time-sensitive manner.
- The report will help you develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.
- The report will identify opportunities and challenges in exploiting various renewable technologies.
- The report will compare the level of support provided to different renewable energy technologies in different countries in the region.
- The report will help you be ahead of the competition by keeping yourself abreast of all the latest policy changes.
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Frequently asked questions
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Which are the key countries covered in the APAC renewable energy policy handbook?
The key countries covered in the APAC renewable energy policy handbook are Australia, Bangladesh, China, India, Indonesia, Japan, Kazakhstan, Laos, Malaysia, Pakistan, Philippines, South Korea, Taiwan, Thailand, and Vietnam.
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Which is the governing body for the power sector in the renewable energy market in China?
The power regulatory structure is governed by the National Energy Administration (NEA) in China.
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Which is the most popular form of incentive used to promote renewable power installations in APAC?
In the Asia-Pacific region, feed-in tariff (FiT) is the most popular form of incentive used to promote renewable power installations.
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