USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
Subscribe to our
NewsView all News
In recent years, relations with Southeast Asia have emerged as an important pillar of US engagement with the Indo-Pacific region. The Association of Southeast Asian Nations (ASEAN) is central to US foreign policy in the region, with a growing focus on the five countries bound together by the Mekong River—Cambodia, Lao PDR, Myanmar, Thailand, and Vietnam. As they emerge from a tumultuous history, these countries must confront new elements of great-power competition even as their youthful populations push for economic growth and integration into the wider region and the world...Over the past two decades, the US government has allocated more than $2 billion in development assistance to bilateral and regional initiatives in the Mekong region.
Southeast Asia is one of the most popular tourist destinations in the world filled with historical sites and beautiful beaches across the region. Nevertheless, Southeast Asian cities are also known for their 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…EVs, including hybrid electric cars can drastically reduce carbon emissions released into the environment. Compared to conventional cars that release unhealthy amounts of carbon dioxide, carbon monoxides and nitrogen oxides into the atmosphere, battery-electric cars effectively produce zero-emissions from their tailpipes. According to a 2018 study commissioned by Nissan and carried out by business consulting firm, Frost & Sullivan, it was revealed that a third of Southeast Asian consumers are open to buying an electric car.
In today’s challenging market environment investment portfolios have to be highly resilient, something that low-interest-rate government bonds can no longer provide. One alternative asset class that can provide this resiliency and diversification is renewable energy infrastructure. Despite the pandemic's market disruptions, investment companies have been increasingly focusing on putting money into renewable energy infrastructure…Renewable energy infrastructure involves a variety of activities, including wind and solar farms; hydroelectric, geothermal and biomass power-generating facilities; and wave and tidal technology. In Asia, investing in renewable energy infrastructure is catching on.
The world has been struggling with the COVID-19 outbreak which has already damaged the global economy, and ASEAN is not an exception. The magnitude of the economic impact is hard to predict and depends largely on the effectiveness of pandemic containment efforts…The immediate problem is to restore the economy by bringing jobs back as quickly as possible. Governments will need to consider stimulus packages that could create long-lasting and positive impacts on a wide range of issues. Energy efficient (EE) buildings can address two of the biggest concerns: energy savings and jobs. Fostering energy efficiency through retrofitting existing buildings will generate local jobs quickly while decreasing the costs of running buildings. This will assist households as well as businesses to recover more quickly from the crisis.