The net-zero transitions in energy and finance : Southeast Asia and beyond / Akihisa Mori, Nur Firdaus, Yasuhiro Ogura.

Format:

Book

Author/Creator:

Mori, Akihisa, 1970- author.

Firdaus, Nur, author.

Ogura, Yasuhiro, author.

Language:

English

Subjects (All):

Energy transition.

Finance.

Sustainable development.

Energy transition--Southeast Asia.

Physical Description:

1 online resource (xx, 309 pages) : digital, PDF file(s)

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2026.

Summary:

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. This book 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.

Contents:

Cover

Half-title page

Title page

Copyright page

Contents

Preface

Acknowledgements

List of Figures

List of Tables

List of Abbreviations

Recommended Citations for Chapters

1 The Net-Zero Transitions in Energy and Finance: An Introduction

1.1 Background

1.2 Responses in the Financial Sector

1.2.1 Fiduciary Responsibility

1.2.2 The Paris-Glasgow Financial Regime

1.2.3 Sustainable Finance

1.3 Responses in the Energy and Electricity Sectors

1.3.1 Transformation of Investments

1.3.2 EMDEs and China

1.4 Natural Gas Debates

1.5 Research Gap

1.5.1 Multiple System Transitions

1.5.2 Financial System Transitions

1.5.3 Multiple System Transitions in Highly Coal-Dependent Small EMDEs

1.6 The Book

1.6.1 Aims, Scope, Research Questions, and Structure

1.6.2 Scholarly Contributions

2 Propagation of Climate-Related Transition Risks between the Financial and Electricity Sectors

2.1 Introduction

2.2 Causal Transmission Channels between Financial and Production Sectors

2.2.1 Transmission Channels between Production and Banking Sectors

2.2.2 Transmission Channels via Investors

2.2.3 Amplifiers and Mitigators

2.2.4 Disruptive, Abrupt, and Disorderly Transitions

2.2.5 Responses in the Energy and Electricity Sectors

2.3 Empirical Evidence on Risk Transmission and Sectoral Responses

2.3.1 Risk Transmission

2.3.2 Banking Sector

2.3.3 Institutional Investors

2.3.4 Energy Sector

2.3.5 Electricity Sector

2.4 Discussion

2.5 Conclusion

3 Determinants of the Direction and Speed of Electricity System Transition: An Analytical Framework

3.1 Introduction

3.2 Changes in the Elements of Complementarity by Grid Paradigm

3.2.1 Super-Grid Paradigm

3.2.2 Distributed Smart-Grid Paradigm

3.2.3 Flexible Grid Paradigm.

3.2.4 Required Changes in Elements of the Electricity System and Grid Paradigm

3.3 Determinants of Direction and Speed of Transition

3.4 Discussion

3.4.1 Energy Narratives

3.4.2 Decarbonising Dispatchable Flexible Generation

3.4.3 Contexts in Emerging Markets and Developing Economies

3.4.4 Updated Analytical Framework

3.5 Conclusions

4 Estimated Stranded Assets in the Electricity Sector in the Southeast Asian Region

4.1 Introduction

4.2 Literature Review

4.2.1 The Concept

4.2.2 Methodology and Coverage

4.3 Methodology

4.3.1 Model Description

4.3.2 Data, Assumptions, and Scenarios

4.3.3 Estimation of Stranded Assets

4.3.4 Policy Cost

4.4 Results

4.4.1 CO[sub(2)] Emission Pathways and Energy Mix by Scenario

4.4.2 Stranded Capacity and New Capital Investment

4.4.3 New Investment and Premature Retirement Costs

4.4.4 Policy Cost

4.4.5 Sensitivity Analysis of High Gas Prices

4.5 Discussion

4.6 Conclusion and Remaining Challenges

5 Reconciling Net-Zero Emissions and Growing Electricity Demand: Electricity System Transitions in Vietnam

5.1 Introduction

5.2 Electricity Sector Reform and RES-E Development

5.2.1 Electricity Sector Reform

5.2.2 RES-E Development Policies

5.2.3 RES-E and Grid System Development

5.3 Methodology and Data

5.3.1 Research Design

5.3.2 Materials

5.4 Results

5.4.1 Development towards the Super-Grid Paradigm

5.4.1.1 Infrastructure: High-Voltage Backbone Transmission Lines

5.4.1.2 Infrastructure: Run-of-the-River and Pumped Storage Hydropower

5.4.1.3 Institution: Procurement of Renewable Energy-Based Electricity and Capacity

5.4.2 Development towards the Distributed Smart-Grid Paradigm

5.4.2.1 Infrastructure: Smart Grid

5.4.2.2 Institution: Demand-Side Integration.

5.4.3 Development towards the Flexible Grid Paradigm

5.4.3.1 Infrastructure: Battery Energy Storage Systems

5.4.3.2 Institutions: Bidding for Ancillary Service Contracts

5.5 Discussion

5.5.1 Unsynchronised Developments in Infrastructural, Institutional, and Organisational Elements

5.5.2 Lock-Ins and Path Dependency

5.5.3 International Influences

5.5.4 Transition to the Flexible Grid Paradigm or Fuel Shift

5.6 Conclusions

6 Moving towards a Natural-Gas-Based Electricity System: Electricity System Transitions in the Philippines

6.1 Introduction

6.2 Review of the Electricity Sector and RES-E Development

6.2.1 Electricity Sector Reform

6.2.2 Stagnant RES-E Development Policies

6.2.3 Impacts of Grid Systems on RES-E Development

6.3 Methodology and Data

6.3.1 Research Design

6.3.2 Data Sources

6.4 Results

6.4.1 Transitions towards the Super-Grid Paradigm

6.4.1.1 Infrastructure: High-Voltage Backbone Transmission Lines

6.4.1.2 Infrastructure: Run-of-the-River and Pumped Storage Hydropower

6.4.1.3 Institution: Procurement of Renewable Energy-Based Electricity and Capacity

6.4.2 Transitions towards the Distributed Smart-Grid Paradigm

6.4.2.1 Infrastructure: Smart Grid

6.4.2.2 Institution: Demand-Side Integration

6.4.3 Transitions towards the Flexible Grid Paradigm

6.4.3.1 Infrastructure: Battery Energy Storage Systems

6.4.3.2 Institutions: Bidding for Ancillary Service Contracts

6.5 Discussion

6.5.1 Unsynchronised Developments in Infrastructural and Organisational Elements

6.5.2 Incumbents' Strong Bargaining Power

6.5.3 Transition to the Flexible Grid Paradigm or Fuel Shift

6.6 Conclusions

7 How Has Global Net-Zero Finance Advanced Net-Zero Electricity System Transitions?: The Cases of ETM and JETP

7.1 Introduction

7.2 Analytical Viewpoints.

7.2.1 Equity and Justice

7.2.2 Transformative Change

7.2.3 Evaluation Criteria

7.3 Research Design

7.3.1 Methodology

7.3.2 Case Overview

7.3.2.1 Green Climate Fund (GCF)

7.3.2.2 Energy Transition Mechanism (ETM)

7.3.2.3 Just Energy Transition Partnership (JETP)

7.4 Results

7.4.1 Financial flows

7.4.1.1 GCF

7.4.1.2 ETM

7.4.1.3 JETP

7.4.2 Equity and Justice Considerations

7.4.2.1 GCF

7.4.2.2 ETM

7.4.2.3 JETP

7.4.3 Transformative Change

7.4.3.1 GCF

7.4.3.2 ETM

7.4.3.3 JETP

7.5 Discussion

7.5.1 Mandates and Requirements of the Fund Operation

7.5.2 Scaling and Replication

7.5.3 Implications for the Paris-Glasgow Financial Regime

7.6 Conclusion

8 Making Financial Systems Work for Net-Zero Transitions in Electricity Systems

8.1 Revisiting the Research Questions

8.2 Interactions between Financial and Electricity Systems

8.2.1 Risk-Return Management Perspective

8.2.2 Electricity System Transitions

8.2.3 Integrated Cost-Benefit Perspective

8.3 Costs and Benefits of Electricity System Transitions

8.3.1 Changes in the Technological Element

8.3.2 Changes in Infrastructural, Institutional, and Organisational Elements

8.3.3 Total Transition Costs and Benefits

8.4 How Has the JETP Affected the Integrated Cost-Benefit Schedule?

8.5 Perspectives for Net-Zero Financial and Electricity System Transitions

8.5.1 Transition Finance

8.5.2 Transformative Finance

8.6 Conclusions

References

Index.

Notes:

Includes bibliographical references and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

1-009-68945-2

1-009-68940-1

1-009-68941-X