Case Study: Paving the way for a swifter energy transition in Asia

US$7.53bn

Amount of investment in clean energy in Japan in 2022

70%

Percentage of energy sourced from fossil fuels in Asia

US$1tn

Amount committed to be raised by Japanese government through investments over 10 years

US$997bn

Investments needed to support Japan’s green transformation strategy

cs8

Case study summary

Asia’s shift toward sustainability carries profound global significance. As the source of about two-thirds of global growth in 2023, the region’s heavy dependence on coal has made it a major contributor to harmful greenhouse gas emissions. Addressing this issue is crucial for achieving global climate goals.

Paramount to making progress on the continent’s net-zero targets is addressing Asia’s climate finance shortfall -- estimated at around US$800 billion. Within the Asian climate investment context, Japan stands out as a rare beacon of progress and potential. Investing in Japan’s renewable energy sector not only supports the country’s energy transition but also presents a prime opportunity for global long-term capital and access to regional economies.

In this context, the US$474 million investment by CDPQ, a global investment group, in collaboration with Japan’s Shizen Energy, represents a pivotal development. This investment aims to accelerate the energy transition in Japan and key international markets and marks CDPQ’s inaugural direct infrastructure investment in Japan.

Organisations involved: CDPQ, Shizen Energy

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What is the Energy in Context series?

The transformation of the world’s energy system offers a unique opportunity for economic growth, with the energy sector driving global advancement.

ADIPEC’s Energy in Context series presents high-value briefs and case studies that showcase progress, foster dialogue and fast-track innovation to accelerate the energy transition.

The series explores key pillars driving the industry’s transformative journey towards a secure, equitable, and sustainable energy future.

Decarbonising today’s energy systems

Energy, economic growth and emissions

Financing a just, orderly and equitable transition

Financing innovation in energy systems

Synergies between energy and AI, technology

Navigating the energy transition talent gap

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