Asean launches facility to mobilize US$1 billion for green infrastructure
Southeast Asian governments, the Asian Development Bank (ADB), and development financiers launched the Asean Catalytic Green Finance Facility, a new initiative to spur more than US$1 billion in green infrastructure investments across Southeast Asia. The launch ceremony was held in Chiang Mai, Thailand, on April 4 and was witnessed by Thailand’s Minister of Finance Apisak […]
ASEAN fast becoming a renewable energy hub
Technological innovations and favourable government policies are among the four trends expected to drive Southeast Asia’s transition to renewable energy in the coming years. A report published by global auditing firm KPMG on Tuesday titled ‘The Renewable Energy Transition’ noted that while there are still 70 million ASEAN citizens without access to reliable electricity, the […]
US offers help to ASEAN countries on oil and gas exploration ventures
HOUSTON, Texas – The United States (US) government is offering help to countries in the Southeast Asian region – primarily those wanting to extract oil and gas resources within their exclusive economic zones but investment flows are being impeded by diplomatic skirmish with Asian super power China. In his keynote address at the CERAWeek here, […]
ASEAN’s energy transition on the right track
Yesterday, the World Economic Forum (WEF) launched the fifth edition of their Energy Transition Index (ETI), ranking 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. The report considered both, the current state of the countries’ energy systems as well as their readiness to adapt […]
Energy deregulation in ASEAN: Quicker isn’t necessarily better
At different paces, ASEAN countries are studying the feasibility of energy deregulation. The term applies to the transition from regulated to market-based energy prices. Some ASEAN countries embark on an energy deregulation journey to increase sustainability. With market-based prices, the energy sector is forced to become more efficient and to look for novel ways to […]
ASEAN’s insatiable demand for energy
As Southeast Asia becomes one of the fastest developing regions in the world, concerns over its energy security is fast growing. Southeast Asia has a combined population of over 600 million people and an economy worth nearly US$3 trillion. Furthermore, the World Economic Forum (WEF) forecasts that the region will become the fifth largest economy in […]
Investing in Southeast Asia’s electricity
Southeast Asia is a growing region with countries here averaging growth rates of 5.1 percent. This situation has rightly prompted a rise in energy demand within the region. Between 2000 and 2016, economic growth in the region spurred a 70 percent increase in primary energy demand. To that end, governments in Southeast Asia have implemented […]
The future of Southeast Asian cars is electric
The first image that usually springs to mind when someone mentions any Southeast Asian capital is that of congested roads filled with honking cars and motorcycles. Congested roads have become synonymous with Southeast Asia, and that is not going to change anytime soon. According to the latest data, vehicle sales in Southeast Asia is set […]
Renewable energy investment partnership targets projects in ASEAN
A new $60 million Singapore-based investment entity has been formed to pursue renewable energy projects in Southeast Asia, with projects in the Philippines, Indonesia and Myanmar first in line. To be based in Singapore, a trio of firms has announced the formation of CleanGrid Partners – a $60 million investment entity which will finance and […]
Southeast Asia journey to adopt clean and low carbon technologies a bumpy one
Southeast Asian countries are beginning to transform the way energy is produced and consumed in order to transition to a low carbon, sustainable economy. But the journey has been a bumpy one and the region has overall been slower to adopt clean and low carbon technologies largely due to an ongoing dependency on coal. Experts interviewed […]