Fossil fuels make up 83% of ASEAN energy mix. With energy needs expected to triple by 2050 compared to 2020 levels, the urgency for a low-carbon transition is clear. Nine ASEAN countries have committed to reaching net zero or carbon neutrality by mid-century.
Unlike some developed and emerging countries, ASEAN’s GDP growth and CO2 emissions have risen in tandem due to a reliance on fossil fuels as a dependable and affordable energy source. Between 2005 and 2022, energy consumption and GHG emission has grown by 3% and 4% respectively, surpassing the global average of 1%, surpassing the global average of 1%.
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This op-ed was published in the Asian Power. The original article can be found here.