Energy is one of the most basic inputs for any kind of economic activity and, more broadly, human life. As the Association of Southeast Asian Nations (ASEAN) aims at further prosperity towards 2040 through the ASEAN Single Market (ASM), secure, affordable, and environmentally sustainable energy supply for all is crucial in each country and the region. However, the Economic Research Institute for ASEAN and East Asia (ERIA) Energy Outlook and Saving Potentials in East Asia Summit1 (ERIA, 2018a) forecasts rapid growth in energy demand, higher oil import dependence, and a still dominant share of fossil fuels, notably coal and higher carbon dioxide (CO2) emissions, towards 2040. This could threaten a stable supply of affordable energy and the national, regional, and global environment…
SOURCE: Arima J, Li Y, Phoumin H, Kimura S. “Secure, Affordable, and Sustainable Energy for All” Economic Research Institute for ASEAN and East Asia, 2019.
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