Vietnam’s Prime Minister Pham Minh Chinh attended the ASEAN Future Forum, stating that energy transition is an urgent priority with ASEAN projected to become the world's third-largest economy by 2045. (Photo: Vietnam's Government News)
Southeast Asian leaders are calling for stronger regional collaboration to accelerate the energy transition, with Vietnam urging action at the ASEAN Future Forum in February and Singapore highlighting cross-border grid integration as key to decarbonization.
Southeast Asia, rich in renewable energy resources, is well-positioned to lead the global energy transition. According to RECCESSARY’s latest annual report, Vietnam has emerged as a frontrunner in renewable energy development among the six ASEAN nations, with cross-border energy trade seen as a key strategy to enhance energy security and advance sustainability.
Despite ASEAN's renewable energy capacity repeatedly hitting new highs, progress in energy decarbonization is still limited by the speed of policy implementation. (Chart: RECCESSARY’s annual report)
