Powering a Bright Future for ASEAN

Published onOctober 10, 2018

The ASEAN region is undergoing a phase of sustained economic growth and human development, notwithstanding the current trade wars and currency fluctuation. Urbanization and industrialization will lead to greater per capita material consumption of all types, including energy. The International Energy Agency (IEA) forecasts that primary energy demand in the ASEAN region will increase by more than two-thirds by 2040. As a consequence, the region will face several simultaneous challenges relating to energy security, investment, energy access and environmental sustainability. Success in addressing these challenges will be more easily achieved if member states work together with a shared vision and a long-term roadmap…meeting the challenges described above for an effective energy transition in ASEAN requires the mobilization of cross-disciplinary expertise and resources and a multistakeholder consensus over the destination of energy transition and the regional priorities therein. Planning for energy transition requires a transparent assessment of the current situation, clarity over the long-term vision and a roadmap leading to the destination.

Source: http://www.brinknews.com/asia/powering-a-bright-future-for-asean/