Asia's energy strategy shifts from climate symbolism to security-first pragmatism, says Moody's
Moody's Ratings' sustainable finance chief Rahul Ghosh says Asia is moving away from symbolic climate commitments toward a 'pragmatic transition' that prioritizes energy security and affordability, often retaining fossil fuels. He cites geopolitical shocks such as the Ukraine war and the closure of the Strait of Hormuz as catalysts. Japan plans to build multiple nuclear reactors, while Singapore is funding low-carbon research, but coal use may also rise.
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Japan's nuclear expansion plan, announced in August, targets five new reactors by the 2040s and fourteen by the 2050s, with Prime Minister
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Original headline: “Moody’s head of sustainable finance: Asia is embracing a ‘pragmatic transition’ on energy.” Browse more stories.