Some countries are blessed with significant renewable energy resources and with considerable potential to be developed. Yet private sector participation and financing remains limited, and large, complex projects can take a long time to materialize. How can governments accelerate private sector investments in renewable energy capacity in the power sector? What are the challenges, opportunities and key policies needed to facilitate project approvals? How can renewable energy resources be shared across borders?

This session will explore the latest developments, challenges, and transformative efforts in renewable energy across Asia. Participants will gain a deep understanding of regulatory bottlenecks and renewable energy procurement mechanisms in Southeast Asia, including Thailand's Utility Green Tariff and Vietnam's pilot of a Direct Power Purchase Agreement. The session will also highlight the increasing share of renewable energy in Central Asia and South Korea, and efforts by these countries to overcome limitations in their domestic energy resources. The session will also include a presentation on the collaborative “IKI JET initiative”, a dynamic platform aimed at driving a sustainable shift from coal to renewable energy in countries such as Chile, Colombia, South Africa, Mongolia, Indonesia, Vietnam, and Thailand.