Asia races to stockpile oil, speed up renewables in response to Iran war

Asian nations, especially in Southeast Asia, are rapidly expanding oil stockpiling capacity, accelerating renewable energy adoption, and planning a regional power grid to address energy supply risks exposed by the Iran war. The Philippines is creating a national oil reserve by 2027, with potential for it to become a regional stockpile, while ASEAN targets 30% renewables in primary energy supply and 45% in power capacity.

This Wire brief sits within Fusion42's coverage of Climate Tech.