Progress in Southeast Asia’s Decarbonisation Efforts and Sustainable Development

Key Points

• Energy-Climate Investments and Funding Paces Steadily:Climate financing in the region has come from diverse sources, including private sector investments, public funding, climate funds, and blended financing schemes.
• Propelling Emerging Technologies Forward: AMS have been proactively exploring the use of various emerging technologies in different sectors through productive discourses and cooperations. For instance, at the Singapore Maritime Week, green hydrogen was given center stage and touted as the future key fuel of the maritime sector while it carries out its decarbonization.
• Carbon Market Policies and Developments in ASEAN: The carbon market in Southeast Asia has gained significant attention, particularly after the European Union’s carbon border adjustment mechanism, prompting ASEAN member states to explore similar strategies for their own countries.