东亚电力行业脱碳：释放投资以促进低碳增长和竞争力（英）2025

October 2025 © 2025 The World Bank1818 H Street NW, Washington DC 20433Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved This work is a product of The World Bank. The findings, interpretations, and conclusions expressed in this workdo not necessarily reflect the views of the Executive Directors of The World Bank or the governments theyrepresent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this workand does not assume responsibility for any errors, omissions, or discrepancies in the information, or liabilitywith respect to the use of or failure to use the information, methods, processes, or conclusions set forth. Theboundaries, colors, denominations, links/footnotes and other information shown in this work do not implyany judgment on the part of The World Bank concerning the legal status of any territory or the endorsementor acceptance of such boundaries. The citation of works authored by others does not mean the World Bankendorses the views expressed by those authors or the content of their works. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of theprivileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of itsknowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as fullattribution to this work is given. Attribution—Please cite the work as follows: “World Bank. 2025. Decarbonizing the Power Sector in East Asia:Unlocking Investments to Empower Low-Carbon Growth and Competitiveness. © World Bank.” Any queries on rights and licenses, including subsidiary rights, should be addressed to World BankPublications, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625;e-mail: pubrights@worldbank.org. Cover photos: © Philippe Weickmann / Pexels; © Anna Tukhfatullina / Pexels. Used with permission. Cover design: Gao Feng Contents Acknowledgments.................................................................................................................................... 01Executive Summary.................................................................................................................................. 02Abbreviations........................................................................................................................................... 06 1.1 Putting the Region’s Emissions Into Context.............................................................................................081.2 The Energy Transition’s Role in Improving Regional Energy Security and Relieving Dependence on Coal......121.3 Key Objectives of this Report.....................................................................................................................171.4 Research Approach and Methodology......................................................................................................171.5 Analytical Framework.................................................................................................................................191.6 Market Tiers—VRE Market Maturity.........................................................................................................20 2.Renewable Energy Integration in East Asia and Pacific.......................................................................... 23 2.1 The Four Focus Countries Hold Vast Renewable Energy Potential...........................................................232.2 Renewable Energy’s Share of Generation Varies Across the Region........................................................252.3 Deep Dive into the Focus Countries...........................................................................................................262.4 A Look at the Rest of the Region................................................................................................................282.5 Drivers of Regional VRE Growth.................................................................................................................292.6 Renewable Energy Expansion Needed to Fulfill Climate Ambitions.........................................................34 3. Barriers to VRE Scale-up in the Focus Countries.................................................................................... 37 Pillar 1. System planning does not adequately account for new drivers of economic growth, distributedgeneration, VRE integration, and infrastructure resilience.............................................................................38Pillar 2. Policy and regulatory uncertainty limits investor confidence and investments in EAP....................39Pillar 3. Traditional transmission infrastructure and power system operations limit VRE integration.........43Pillar 4. Limited financing and