Paving Way to ASEAN Energy Sovereignty

Published onNovember 7, 2019

Energy demand in ASEAN member states (AMS) has increased twice as fast as in other countries since the 2000s. AMS together are currently the sixth-largest energy consumer and will be the fourth-largest by 2030, with more than 54 percent of the energy need expected to be covered by oil imports by 2035. Fossil fuel subsidies have significantly increased, rising from US$20 billion in 2017 to $50 billion in 2018. The current growth rate of conventional energy supply would not only lead to energy security issues but also exacerbate climate change – if renewable sources are not taken into account.