Inconsistent Government Policies Drive Frustrated APAC Corporate Leaders to Call for Clean Energy Coalitions

BayWa r.e., a global renewable energy developer, independent power producer, service provider and solar distributor, today released its Asia Pacific (APAC) Energy Report, titled “Asia’s Climate Goals at Risk - the Urgent Need for Greater Accord”. While the report highlights much good progress being made with the renewable energy transition, the APAC region has reached a critical point. Headwinds and pressure in the region, such as the implications of the Russia-Ukraine war, lack of support from governments and volatile prices of energy and interest rates pose a serious risk to the pace of change and climate goals. Frustrated by inconsistent government policy, companies are taking the lead and calling for intercompany coalitions to advance sustainability goals.