5 billion of clean energy investment in Southeast Asia and aid the region's green recovery after the coronavirus.
Money is most needed to fill a gap in funding to help early-stage projects get off the ground, he added. But the region is struggling to wean itself off abundant, locally produced cheap coal in favor of clean alternatives to burning fossil fuels, the main contributor to climate change. It will look to invest broadly in projects and businesses that include wind and solar power, mains grid infrastructure, energy efficiency in buildings, and electronic mobility and storage, Wallick said.
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