A major push to electrify transportation and deploy renewable energy will be essential for the region to meet Southeast Asia’s decarbonization commitments. This is reflected in the energy strategies across the member states of the Association of Southeast Asian Nations (ASEAN). This has the potential to achieve dual objectives in Southeast Asia. Firstly, it would enable the region to meet rising energy demand while lowering carbon emissions. Secondly, the development of local manufacturing capabilities could support job creation and economic growth.
The report “Renewable Energy Manufacturing: Opportunities for Southeast Asia” by the Asian Development Bank, Bloomberg Philanthropies, ClimateWorks Foundation and Sustainable Energy for All, presents an assessment of the potential of renewable energy manufacturing in Southeast Asia across three sectors: solar photovoltaic (PV), batteries, and electric two-wheelers. It also proposes potential ambition and outcomes for each sector and identifies key opportunities for intraregional collaboration.
Access the report here
