Paving Way to ASEAN Energy Sovereignty

By Dr. Nuki Agya Utama

Monday, 4 Nov 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 sup- ply would not only lead to energy security issues but also exacerbate climate change — if renewable sources are not taken into account.

During the recent ASEAN Ministers on Energy Meeting (AMEM) in Bangkok, Indonesian then-deputy minister of energy and mineral resources Arcandra Tahar noted the importance of biofuel. In a separate discussion, he said biofuel could not only alleviate countries’ dependency on fossil fuel but would also help reduce poverty. Biomass is abundant in Southeast Asia.

The original article can be found here.

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