ASEAN Energy Demand to Soar 60% by 2040: A Call for Urgent, Inclusive Transition

ASEAN Energy Demand to Surge 60% by 2040: The Urgent Need for an Inclusive Energy Transition Kuala Lumpur, Malaysia – A recent report from ASEAN highlights a projected 60% increase in the region's energy demand by 2040. This presents both significant economic opportunities and considerable environmental challenges. The news comes from a recent ASEAN meeting where officials discussed the need for a practical, inclusive, and sustainable energy transition. "The demand for energy in the ASEAN region is increasing at an average of 3% per year, and we expect this to jump to 60% by 2040," stated Datuk Seri Fadillah Yusof, Malaysia's Deputy Minister. "This necessitates a practical and inclusive energy transition." The report emphasizes the need for collaboration between ASEAN member states to ensure a smooth transition that benefits all. This includes investments in renewable energy sources, energy efficiency measures, and workforce development programs. The urgency is underscored by the need to balance economic growth with environmental sustainability and climate change mitigation efforts. The ASEAN meeting showcased various initiatives to address the energy transition, including partnerships with international organizations and private sector investments in clean energy projects. The successful implementation of these initiatives will be crucial in ensuring the region's sustainable energy future.