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In order to improve energy security and achieve emission reduction targets, ASEAN countries need to improve energy efficiency, accelerate renewable energy generation and shift to low-emission fuels, according to the International Energy Agency (IEA)’s Southeast Asia Energy Outlook recently.
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According to the analysis of the report, the economic growth of the 10 member countries of the Association of Southeast Asian Nations ranks among the highest in the world
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Under its current policy, energy demand will grow at an average annual rate of about 3% to 2030, with three-quarters of that growth coming from fossil fuels, and carbon dioxide emissions will rise 35% from 2020
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Therefore, it is particularly necessary for ASEAN to obtain international support for energy investment, especially in promoting technological innovation and infrastructure development (renewable energy, power grid, etc.
)
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The IEA calls for a clear commitment from ASEAN countries to introduce low-carbon energy and improve regulatory and financing frameworks to attract private investment
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Southeast Asia is expected to become the world's leading producer of key minerals such as nickel, tin and rare earths
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In addition, ASEAN can also play an important role in the global energy transition as a producer of solar panels and electric vehicles, among other things
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