A Review of Renewable Energy Development and Its Policy under Nationally Determined Contributions in ASEAN
ASEAN’s energy demand is projected to expand 2.4 times by 2040 according the 5th ASEAN Energy Outlook. In 2040, ASEAN’s GDP is projected to have a threefold increase from only USD 2.56 trillion in 2015 and the region’s total population grows to over 760 million with 0.7% per year on average comparing to 630 million in 2015. Rising energy demand will influence the security of ASEAN energy supply and the ability to generate economic value while these lead ASEAN transforming to be a more energy-intensive economy in the region.
