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Economics of coal versus renewables in Southeast Asia’s energy crisis
Asia & Pacific Briefings Coal

Apr 2026

Economics of coal versus renewables in Southeast Asia’s energy crisis

The conflict in Iran has spiked oil and gas prices, driving a gas-to-coal shift that pushed Asia’s coal benchmark 20% above pre-war levels. Replacing planned gas expansions with solar and storage instead of coal could save ASEAN $4 billion by 2030 while providing essential price stability.

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