Solar Lessons for ASEAN from Thailand’s Feed-in Tariff Success
Feed-in tariffs (FITs) are innocuous yet powerful financial tools that enable countries to rapidly build solar or other renewables when supply chains have not had time to develop. While it is true that globally the cost of solar and wind continues to decline, large discrepancies remain in various international markets. Globally, electricity generation makes up 25 to 35 percent of greenhouse gas (GHG) emissions, according to the Intergovernmental Panel on Climate Change (IPCC), so transitioning to non-fossil fuel-based energy continues to be a major challenge. On top of that, you have major growth and therefore major electricity consumption in a rising Southeast Asia.
