These following recommendations are likely to facilitate a comprehensive green transition in South Asia, focusing on clean energy adoption, regional collaboration, innovative financing, reduced coal dependency, and inclusive participation in green initiatives:
o Advocate for import taxes on products associated with non-renewable energy sources to encourage a shift towards clean energy adoption. Support the development of a regional marketplace with flexible terms to enhance collaboration in clean energy initiatives.
o Foster cooperation among South Asian nations in clean energy projects, such as hydrogen production. Support policies and investments that facilitate regional connectivity and collaborative efforts in clean energy.
o Explore the creation of regional capital markets specifically for green financing. This includes issuing green bonds and developing financial instruments that support clean energy projects at various scales.
o Develop and implement a comprehensive plan to reduce reliance on coal, particularly in areas heavily dependent on coal. Encourage sectors like aviation to move away from coal and offer incentives for adopting clean energy alternatives.
o Introduce legislation to encourage green housing practices, such as solar panel integration in residential areas. Actively involve women in clean energy policymaking and the green transition given their unique contributions and potential.