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2 clusters · 2 sources · 13 days · First seen · Last updated
ASEAN renewable energy transition and economic growth
Overview
Research into six major ASEAN industrial economies indicates that renewable energy transition and consumption are linked to GDP per capita growth. While fossil fuels remain primary drivers of economic activity, the impact of clean energy is increasingly significant in nations such as Vietnam and the Philippines.
As the region moves forward, Southeast Asian leaders are emphasizing energy transition and efficiency as strategic economic necessities and tools for energy security. In Malaysia, officials have noted that the finite nature of fossil fuels and geopolitical volatility in West Asia necessitate a shift toward more resilient systems. Meanwhile, Vietnam is implementing the National Energy Efficiency Programme for 2019-2030 to enhance industrial competitiveness, though businesses still face challenges regarding capital and technology.
Entities
Brunei · World Bank · Vietnam · Malaysia · Datuk Amar Haji Fadillah bin Haji Yusof
Timeline
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16 days ago
[BUSINESS] 2 sourcesSoutheast Asian nations prioritize energy transition and efficiencyMalaysia and Vietnam are prioritizing energy transition and efficiency to ensure economic growth, energy security, and reduced greenhouse gas emissions amid rising global demand.
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28 days ago
[BUSINESS] 2 sourcesRenewable energy drives economic growth in ASEAN economiesA study of six ASEAN economies shows that while fossil fuels remain primary drivers, renewable energy is increasingly contributing to GDP growth, especially in Vietnam and the Philippines.
Sources
en.vietnamplus.vn · southeastasiainfra.com