The Net-Zero Transitions in Energy and Finance

Since the United States hosted the Leaders' Summit on Climate in 2021, numerous countries have committed to net-zero emission targets. Given the size of their economies, populations, and greenhouse gas emissions, emerging markets and developing economies in South, East, and Southeast Asia will play a key role in determining whether or not these targets are achieved. The Net-Zero Transitions in Energy and Finance focuses on the net-zero transition in Southeast Asia and applies the lessons learned to other major emerging markets and developing economies. It argues that net-zero emission targets require not only synchronised changes of the complementary elements in energy systems but also in the financial institutions that fund and invest in facilitating system transitions. Proposing novel frameworks for analysing electricity system transitions with empirical evidence, this book identifies enabling factors, drivers, and barriers, and offers solutions for overcoming the challenges of multi-sector transitions.

Akihisa Mori is an Associate Professor of Global Environmental Economics and leads the team sustainability transitions at Kyoto University, Japan. He served as vice president of the Asian Association of Environmental and Resource Economics in 2019-21. He has published sustainability energy transition research in Environmental Innovation and Sustainability Transitions, Energy Research & Social Science, and Energy Policy.