Energy Transition Roadmap: ASEAN’s focus on expanding interconnectivity and regional trade (PowerLine)

With rapid industrialization and urbanization, ASEAN’s energy demand is expected to continue increasing. While the region depends on fossil fuels to meet the growing demand, it is focusing on a sustainable transition to low-carbon energy sources along with energy security and economic growth. Renewable energy sources (RES) account for over one-third of the region’s installed capacity, which is set to increase to over 39 per cent by 2025, surpassing the 35 per cent target for the year.

In the long run, ASEAN is expected to witness a significant transformation in its energy mix, with a heavy dependence on RES for power generation. By 2050, RES such as solar, wind and hydro will contribute 1,742 TWh, or 63 per cent of the energy mix, exceeding the domination of fossil fuels in 2005 (85.8 per cent of 510 TWh) and 2022 (71.2 per cent of 1,267 TWh).