According to the World Energy Investment Outlook, total investment of $US 4.6 trillion will be required into renewable energy and energy efficiency) between 2014 and 2035 to meet the energy demand of China, India, Japan, and South-East Asia. This figure needs to rise to $US 7.7 trillion if the world is to meet the current 2° warming target.
" The Asia Pacific is a critical battleground in the global effort to tackle climate change."
Benjamin McCarron, Managing Director, Asia Research and Engagement
In Asian markets the spend demands will surround efforts to transform supply and reduce demand respectively. Much of the required investment will be needed to maintain existing energy output rather than meet demand growth.
The below chart outlines the projected spend in Asia over the period to 2035.