Asia Energy Transition - 2025
Description
Asia Energy Transition - 2025
Summary
Asia is emerging as a global clean energy growth hub, with renewable power having already crossed the halfway mark of Asia’s overall power capacity in 2024, driven by rapid solar PV expansion. However, coal remains deeply embedded in several markets and is still forecasted to be the leading single source of power in the region in 2025. While in recent years numerous countries in the region have implemented renewable energy and net-zero targets, according to the Climate Action Tracker, these measures are proving insufficient to reach NDC targets under the Paris Agreement of 2015.
Asia remains at the forefront of the global energy transition, driven by rapid expansion in renewables, electric mobility, and low-carbon fuels. China continues to dominate regional clean energy growth, accounting for the majority of EV, green hydrogen, and renewable refinery capacity, while India and Southeast Asia are emerging as fast followers. Renewable fuels and CCUS are gaining traction, supported by new policy frameworks and increasing regional investment in biofuel infrastructure. However, deployment across the region remains uneven.
Key Highlights
Summary
Asia is emerging as a global clean energy growth hub, with renewable power having already crossed the halfway mark of Asia’s overall power capacity in 2024, driven by rapid solar PV expansion. However, coal remains deeply embedded in several markets and is still forecasted to be the leading single source of power in the region in 2025. While in recent years numerous countries in the region have implemented renewable energy and net-zero targets, according to the Climate Action Tracker, these measures are proving insufficient to reach NDC targets under the Paris Agreement of 2015.
Asia remains at the forefront of the global energy transition, driven by rapid expansion in renewables, electric mobility, and low-carbon fuels. China continues to dominate regional clean energy growth, accounting for the majority of EV, green hydrogen, and renewable refinery capacity, while India and Southeast Asia are emerging as fast followers. Renewable fuels and CCUS are gaining traction, supported by new policy frameworks and increasing regional investment in biofuel infrastructure. However, deployment across the region remains uneven.
Key Highlights
- Asia was the leading contributor to CO2 emissions from 2000 to 2024.
- China is the major power demand market in Asia, forecasted to account for 67% of the region’s consumption and demand in 2025.
- Renewable power is forecasted to account for 72% of Asia’s total power capacity by 2035.
- Only China is set to surpass the milestone of generating over half of its power from renewables by 2035.
- Upcoming thermal power capacity is forecast to outweigh decommissioning capacity, as Asian countries rely on fossil fuels to meet rapidly increasing power demand.
- Alongside BYD, Volkswagen Group, and Geely remain among the top EV producers in Asia by 2037.
- China is the regional - and global - leader for active green hydrogen capacity, whereas India has the highest pipeline capacity.
- Asian CO2 emissions, renewable energy potential, leaders in renewable energy, renewable energy policies, power consumption and demand, renewable power capacity and generation, decommissioning of thermal power, energy storage capacity, electric vehicle and hybrid vehicle sales, upcoming renewable refineries, biodiesel, RD, SAFs, CCUS outlook, upcoming CCS projects, hydrogen policies, upcoming hydrogen capacity by stage, type and end use.
- Assess the current regional emissions, thermal and renewable capacity, and generation share, and identify which countries are driving the energy transition in Asia.
- Identify market trends within the industry, including expected 2030 capacities for a range of technologies.
- Identify who the leading countries and regional players are in renewable energy capacity and energy transition technologies such as hydrogen and CCUS.
- Understand the legislative framework laid out by the region’s governments aimed at accelerating the region's decarbonization and energy transition.
Table of Contents
42 Pages
- Executive Summary
- Carbon Emissions and Climate Policies
- CO2 emissions in Asia
- Asian climate targets and policies
- Power Outlook and Generation
- Sector grid and leaders in Asia
- Power consumption and demand
- Power capacity share outlook
- Power generation share outlook
- Key Asian countries’ renewable generation share
- Thermal power: decommissioning and emissions
- Major players in renewable power
- Major EPC equipment manufacturers for solar and wind
- Energy Storage
- Asian energy storage outlook
- Key countries and policies in energy storage
- Electric Vehicles
- BEV and Hybrid sales outlook
- Regional leaders in BEV deployment
- Regional leaders in EV charging infrastructure
- Renewable Fuels
- Renewable fuels policies in Asia
- Renewable refineries
- Renewable diesel
- Sustainable aviation fuels
- Largest active and upcoming renewable refineries in Asia
- CCUS
- CCUS outlook in Asia
- Regional leaders in carbon capture and storage capacity
- Facility industries adopting CCUS in Asia
- Largest upcoming carbon capture and storage plants
- CCUS regulatory framework in Asia
- Hydrogen
- Hydrogen outlook in Asia
- Key regional players for low-carbon hydrogen production
- Target end-use industries for low-carbon hydrogen in Asia
- Largest upcoming low-carbon hydrogen plants in Asia
- Hydrogen regulatory framework in Asia
- List of Tables
- Sector grid and leaders
- Major EPC and equipment manufacturers for solar and wind
- Largest active and upcoming renewable refineries in Asia
- Largest upcoming carbon capture and storage plants
- CCUS regulatory framework in Asia
- Largest upcoming low-carbon hydrogen plants in Asia
- Hydrogen regulatory framework in Asia
- List of Figures
- Annual CO2 emissions by region, 2000-2024
- Top 5 emitting countries in Asia, 2000-2024
- Top 5 Asian countries' power consumption and demand, 2015-2035
- Power consumption and demand by industry in Asia, 2025-2035
- Asia total power capacity share by technology type, 2025
- Asia total power capacity share by technology, 2035
- Asia power generation share, 2018-2035
- Asia renewable energy generation, 2018-2035
- Renewable generation share of the largest economies in Asia, 2025-2035
- Upcoming and decommissioning thermal power capacity in Asia, 2025-2035
- Major regional players in solar PV capacity based on active and announced projects
- Major regional players in wind capacity based on active and announced projects
- Global vs Asian energy storage capacity, 2020-2030
- Asia energy storage capacity by technology, 2020-2030
- Top Asian countries for energy storage capacity, 2020-2030
- Global vs Asia-Pacific BEV sales, 2020-2037
- Asia-Pacific BEV and Hybrid sales forecast, 2020-2037
- Asian countries' BEV sales forecast, 2020-2037
- Asian EV charging points and sites with EV charging facilities, 2019-2029
- Active and announced renewable refineries in Asia, 2025YTD
- Global vs Asian renewable refinery capacity, 2020-2030
- Asian renewable fuel production capacity by technology type, 2020-2030
- Asian countries with RD capacity, 2020-2030
- Asian countries with SAF capacity, 2020-2030
- Asian countries' CCS capacity, 2025-2030
- Asian countries' active and upcoming CCS capacity by stage, 2025YTD
- Asian countries with standalone carbon capture capacity, 2025-2030
- Asian countries with standalone carbon storage capacity, 2025-2030
- Industries adopting CCS technology in Asia by active and announced projects, 2025YTD
- Global vs Asia low-carbon hydrogen capacity by development stage, 2025YTD
- Asia low-carbon hydrogen capacity by development stage, 2025-2030
- Leading Asian countries by green and blue low-carbon hydrogen max capacity
- China vs India active and upcoming low-carbon hydrogen capacity
- Low-carbon hydrogen allocated to end-use industries in Asia
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