No more fuel to the fire: from energy crisis to transition in Southeast Asia
The global energy crisis has exposed weaknesses in energy systems across Southeast Asia and underpins a need for more ambitious energy transition pathways and a revised approach to energy security. The four countries have largely focused on short-term measures alleviating social welfare impacts and securing fossil fuel supply in their response to the upheaval in energy markets. While most governments have introduced new support measures for clean energy technologies over 2021-2022, it is far from clear whether these will suffice to offset demand growth and displace fossil fuel demand. If governements heed signals to speed up structural shifts in energy supply and demand, they can build momentum for the clean energy transition and resilience against future shocks.
