Finance and Energy Transition in Asia Toward Net-Zero Emissions

Part I Motivations and barriers 1. From Financial Measures to Transformative Finance: An Introduction to Finance and Energy Transitions toward Net-Zero Emissions Akihisa Mori 2. Stranded Costs and Net-Zero Energy Transitions in Asia from an Equity Perspective Rohini Dikshit, Aman Malik, Vaibhav Chaturvedi 3. Assessment of Credit Parity in the Energy Transition Scenario in Indonesia Teuku Riefky, Roes Ebara Gikami Lutfi, Muhammad Zaky Nur Fajar, Muhammad Yudha, Pratama, Alin Halimatussadiah, Akihisa Mori; Part II Transformative Changes in Banks and Financial Investors 4. How does the Glasgow Climate Pact impact the Risk-Return Profiles of Asian Export Credit Agencies? Akihisa Mori, Hajime Takizawa 5. Toward Transformative Changes in Asset Managers: Enhancing Engagements in Japan and the UK Akihisa Mori, Kimiko Hirata, Hiromi Mizuta, Haru Mochizuki; Part III Carbon Leakage and Spatial Spillover Effects 6. Economic and Environmental Effects of Spread of Battery Electric Vehicles in China Jiayang Wang, Takatoshi Watanabe, Kiyoshi Fujikawa 7. Carbon Leakage by Changes in the Energy Mix in China's Power Sector Hikari, Ban, Kiyoshi Fujikawa 8. (Un)just Energy and Mobility Transitions: Politics and Economics along the Nickel Supply Chain Era Purike, Arfin Sudirman, Darmansjah Djumala, Deasy Silvya Sari, Akihisa Mori, Andi Muh. Dzul Fadli, Oekan S. Abdoellah; Part IV Summary and Future Challenges 9. Climate-related Financial Risks, Transformative Finance, and Spillover effects: Conclusions and perspectives Akihisa Mori

Biography

Akihisa Mori is an associate professor at Kyoto University, Japan, and a past vice president of the Asian Association of Environmental and Resource Economics. His research focus is on sustainability transitions in energy, finance, and mineral resources, sustainable business model innovations, and sustainability in international supply chains. He has published research papers on sustainable finance and energy transitions in Business Strategy and the Environment, and Environmental Innovation and Social Transitions.

"This book comes at the right time, as Asia needs to understand how climate-related transition risks—stranded fossil fuel assets—will reshape the region's financial and energy systems. It examines the behaviours of banks and investors toward green finance, drawing on case studies from China, Japan, and Indonesia. The book argues that new business model innovations are needed for "transformative finance," while highlighting the carbon leakage and spillover effects that energy transitions generate across sectors and countries. Academics and policymakers interested in the financial dimensions of climate transition will learn a great deal from this book."

Budy P. Resosudarmo, Professor, Arndt-Corden Department of Economics, Australian National University, Canberra, 17 June 2026.