In the fragile energy scenario of small Pacific islands, contingency plans are crucial to keep the lights on during a crisis.
COVID-19 has exposed the vulnerability of energy value chains but solar power could be an indigenous solution to keep the lights on during a crisis.
Solar power is helping Asia get electricity to people, particularly in rural and remote areas, but it has fallen behind in its use as a clean energy cooking source.
With key reforms, Pacific states could move toward cleaner, more affordable sources of energy that eventually eliminate fossil fuels completely.
Singapore’s carbon tax is designed to maximize green investments while minimizing negative effects on the overall economy.
Complex, carefully managed financing structures can provide the funding needed for island states and others seeking to develop energy projects.
State-owned enterprises, including power utilities, in many countries have collected a menagerie of assets unrelated to their core business. And they are selling cheap.
Investment in renewable energy around the world is entering a new phase that will require governments and the private sector to re-think the way they develop projects.