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Geographical and technical hurdles coupled with a gas glut in Asia mean nuclear power is unlikely to gain a toehold in the region, despite its inclusion in Europe’s “gold standard” green investment rulebook.
Southeast Asia could see more funding in nuclear power, following the European Union’s (EU) proposal to include the energy source in their green finance guide, according to analysts.
More Asian countries may also consider including nuclear energy in sustainable investment frameworks, analysts told Eco-Business, but doubt that these developments will significantly help to hit net-zero 2050 targets, citing cost, technological hurdles and competition with other fuels.
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ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.