UK institutional investor flags challenges of renewables switch in Asia

Investors focusing on promoting renewables must carefully consider the social and economic costs of moving too quickly in economies still highly geared to fossil fuels, Srini Nagarajan, head of Asia at British International Investment (BII), the UK’s £8.1 billion ($9.7 billion) development institution, told AsianInvestor. He emphasised the need for a “just transition”, supporting decarbonisation efforts across the region, with an appreciation that rushing the process could have se…