The energy transition is imperative for several key reasons, namely efforts to deal with global warming and emissions and the necessity to scale back dependence on fossil fuels. According to the ASEAN Climate Change and Energy Project (ACCEPT II), ASEAN accounts for 4.75 percent of worldwide emissions, with Indonesia, Malaysia, Thailand, Vietnam and the Philippines being the most important emitters.
ASEAN goals to attain its energy mixture of 23% in 2025. By 2022, ASEAN achieved a 24.5% reduction in energy intensity, which represents progress but well below the ASEAN Action Plan for Energy Cooperation (APAEC) goal of 32%. .
Here are the newest facts in regards to the energy transition in ASEAN in numbers:
30.2, 2040 and 65
Statista data showed that in 2023, Indonesia’s proven coal reserves were 30.2 billion tons. However, Indonesia expects to phase out coal in 2040 and is increasing its energy mix goal to 65%.
Last month, speaking on the G-20 summit in Brazil, Indonesia’s recent president, Prabowo Subianto, said that Indonesia would phase out all power plants based on coal and other fossil fuels inside the following 15 years.
74, 44 and 26
Coal and fossil fuels proceed to dominate energy generation in ASEAN. According to global energy advisory team Ember Energy, fossil fuels accounted for 74%. energy production in 2023, with coal dominating (44%).
Renewable energy accounted for 26 percent, up from 28 the previous yr, as a result of the impact of a decline within the water company’s share.
72.1, 21 and 46
According to the World Economic Forum’s Energy Transition Index (ETI), Singapore is leading the best way in energy transition progress, rating twenty firststreet worldwide with a rating of 72.1 and 1street in Asia.
ETI has 46 indicators measuring progress within the energy transition, reminiscent of security, human resources, infrastructure and education.
$190, 2030 and 40
The International Energy Agency (IEA) projects that ASEAN needs $190 billion in investment to fulfill its 2030 climate goal.
ASEAN must also allocate 40 percent of its total energy investments to cleaner energy technologies. Thanks to renewable energy sources, it’s obligatory to take a position in technologies enabling the usage of the potential of solar energy or biofuels.
