Green Fiscal Measures During COVID-19 in the ASEAN Member States: Assessments and Policy Recommendations

Highlights

• Types of policy measures launched by the ASEAN Member States during the pandemic that may have implications for the energy sector include: (1) Subsidy and price discount, (2) Liquidity support, (3) Exemption and relaxation, (4) New energy program
• To achieve the twin targets of improving the fiscal situation post-COVID-19 while realising the energy transition targets, governments should integrate a green perspective into budgetary consolidation efforts
• ASEAN countries may consider the following policy options: (1) Green Fiscal Consolidation, (2) Green Conditionality, (3) Leveraging Private Participation, (4) Mobilising Global and Regional Funding

The development of this policy brief was supported by the Energy Foundation China (EFC) through the project “ACE-EFC Joint Studies on COVID-19 Impact on Energy Sector Development and Variable Renewable Energy – Smart Microgrid – Electric Vehicle Integration”.