Building ASEAN’s sovereign energy bloc: The only play to defy global volatility

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ASEAN is not without options. The first path available to us is to continue depending on global markets for energy imports, remaining a price-taker exposed to external shocks. The second path is for each country to do it alone, aiming for national self-sufficiency in isolation. But this risks costly duplication, inefficiency, and slows down the clean energy transition. 

There is a third path, however, and that is for ASEAN to unite as a sovereign energy bloc, linking its markets and resources into a collaborative clean energy ecosystem that strengthens resilience and economic power.

Source: Wikipedia