The energy transition will have particularly interesting implications for Asean. As a rapidly developing region, growth in electricity demand has averaged around 6% per year. With fossil fuels expected to continue dominating Asean’s future energy mix, the region is projected to become increasingly dependent on energy imports to meet future demand (in the case of oil, this dependence will exceed 80% by 2040). As such, some pundits argue that greater deployment of renewables can help offset these energy security concerns.
