Investments in Clean Energy in South Asia: Visiting Barriers and Gaps from the Perspective of Policies and Politics
Energy, Environment, and Sustainability, 2017
Many countries in South Asia are facing serious challenges concerning energy access. Robust infra... more Many countries in South Asia are facing serious challenges concerning energy access. Robust infrastructure for generation, transmission and distribution are still lacking. Simultaneously, many of these countries have enormous potential for generating clean energy that can solve the problem of energy provisioning and transform their energy mix. It can further cushion them from dependence on fuel imports. However, investment in clean energy in most South Asian countries is far below what is expected and desired. In this perspective, it is important to investigate the evidences on existing constraints that are limiting investments in clean energy in South Asia. Transition in energy systems is essentially a long-term process—and involves changes in technology, economy (structure, efficiency), active policies, institutions, behaviour and belief systems. Mere formulation of policies and setting targets (policy goals) has been found to be insufficient for attracting investment in clean energy in most of these countries. There exists a gap in the literature regarding evidences on the barriers to investment in clean energy in South Asian countries. Following the Political Economy Analysis framework, in this article, the authors attempt to build up on evidence for answering the following questions:
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