Frost & Sullivan observed that 2022 was a mixed year for the APAC power and energy sector. While the region benefitted from ending COVID-19 restrictions and increased economic activity, Russia's invasion of Ukraine meant it faced new energy security challenges as commodity prices rose, particularly for liquified natural gas. This has increased the importance of renewable energy investment to mitigate higher energy costs while achieving decarbonization goals.
• What is the critical element of the region’s energy mix and why?
• What are the key areas of focus for decarbonization efforts in the region, considering the utilization of coal?
• In what ways will grid investment be accelerated to support the development of renewable energy sources and enhance the resilience of the energy network?
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