Silk road energy storage

How will the New Silk Road navigate energy transition?

If the New Silk Road is going to navigate energy transition properly, access to affordable clean energy products designed for emerging markets will be key. Low prices are often a result of overcapacity, but the effects are nevertheless felt globally, from cheap solar panels to electric vehicles (EVs).

Why is energy important to the New Silk Road?

Energy is fundamental to the New Silk Road’s future, as the region is the world’s largest energy producer and consumer. Energy ties between Asia and the Middle East are already extraordinarily tight, and they are likely to strengthen further due to the region’s supply and demand growth outpacing the global average.

Is the New Silk Road a good place to invest in renewables?

While the region’s investment in renewables is strong, it cannot fully keep pace with the surge in demand. Nevertheless, the New Silk Road’s ability to innovate at scale should not be overlooked. China is already one of the major exporters of clean technology. Japan and South Korea are exploring new technologies, from batteries to nuclear power.