ASEAN Energy Booklet Volume 1: Low Carbon Hydrogen in ASEAN
26 January 2024
Key Highlights:
As the high production cost of hydrogen becomes the main challenge in energy transition, cooperation amongst the ASEAN Member States should be fostered to reduce renewable energy production costs, through green policies and regulations. Other endeavours such as the development of a clear national and regional hydrogen strategy, the advancement of hydrogen technology and supply chain, and the initiation of hydrogen pilot projects, should also be implemented to support the transition to hydrogen.
ASEAN Member States have acknowledged the versatility of hydrogen as one of the strategies to decarbonise various sectors. It is shown through the release of Singapore and Indonesia’s National Hydrogen Strategy, and Malaysia’s National Energy Transition Roadmap. The strategies imprint the national commitment to accelerate the development of hydrogen technology at national level, which later will be translated into a national roadmap.
Governmental actions through regulations, incentives, and price compensation for low-carbon hydrogen is necessary to attract low-carbon hydrogen usage. In addition, utilisation of financial instruments to establish demand and supply could also be used to make low-carbon hydrogen utilisation more common.