In recent years, only about 40% of the region’s energy investment has gone into renewables. That needs to increase sharply to help keep global temperature rises below 2°C, the IEA says, estimating that these nations will need to spend $190 billion a year by 2030 on solar and wind capacity and on improving energy grids.
It says solar energy in Indonesia would be 40% cheaper if its investment and financing risks were comparable to those of advanced economies.
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