Summary
Rahul Ghosh of Moody's Ratings states that Asia is adopting a "pragmatic transition" in energy, balancing sustainability with energy security and affordability, often by retaining fossil fuels. Geopolitical events like the Russia-Ukraine war and U.S. strikes on Iran have prompted Asian countries to diversify energy sources, including increased investment in renewables, nuclear power, and in some cases, a return to coal.
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