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Huge renewables opportunities in ASEAN: Maybank

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Rooftop solar panels in Kuala Lumpur. (Photo: Shutterstock)

The green energy utilization rate in the 6 major ASEAN countries is only 8%-9%, approximately half of the global average. A recent report from the Malaysia Investment Bank suggests that in the next 5-10 years, listed companies in ASEAN countries will significantly adopt green energy, especially as global pressure to reduce carbon intensity continues to rise. ASEAN enterprises may achieve short-term carbon reduction goals by improving operational efficiency and increasing the use of green energy.

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