Asia-Pacific faces an uphill climb to a cleaner future, says S&P | The Edge Markets

– A + A KUALA LUMPUR (April 27): Asia-Pacific’s energy transition will be an uphill journey, said S&P Global Ratings. In a report titled “Energy Transition: Asia-Pacific Faces an Uphill Climb to a Cleaner Future "released on Tuesday (April 26), the rating agency said that by global standards, the region faces considerable roadblocks as it moves to renewable and stable forms of energy. It said reliance on fossil fuel-based generation remains close to 70% and demand for power is growing, with significant investment needs. S&P said the stage may be set for action, but each country will reach the summit…