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Southeast Asia’s power sector is set to strike out in a new direction this year, driven by energy security needs and new opportunities for collaboration as some of the world’s biggest polluters step up climate action.
The world took an unexpected turn last year. The Covid-19 pandemic has pushed a number of countries into recession, and Southeast Asia is no different. The region’s GDP shrunk by 2 percent in 2020, and although its economy is forecast to grow 5.2 per cent in 2021 and its GDP to nearly triple by 2040, a bumpy road to recovery lies ahead.
The original article can be found here.
ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.
