The Energy Transition to Renewables: Is Asia Leading or Lagging?

REGINA MAYOR

Global Sector Head and U.S. National Sector Leader of Energy and Natural Resources, KPMG

ANDREAS GOLDTHAU

Franz Haniel Professor for Public Policy, University of Erfurt

DATU HAJI SHARBINI SUHAILI

Group CEO, Sarawak Energy

Moderator

PROF. RENATO LIMA DE OLIVEIRA

Assistant Professor of Business and Society, ASB
Research Affiliate, MIT Sloan

 

About panel session

Located on the equator with a coastline spanning 173,000km, over 17,000 islands, and yearlong sunshine, ASEAN countries have vast potential for producing renewable energy. Typhoons and heavy rainfall deluge the region over a dozen times a year, and Indonesia and the Philippines sit astride the Pacific Ring of Fire, holding latent geothermal energy. Climate change will be felt most keenly by this region, investing in alternative ways to power growth while reducing emissions has never been more critical.

Despite ASEAN’s vast renewable natural resources (e.g., wind, solar, hydro, rain, geothermal, and hybrid), they are neglected and are yet to be fully harnessed. In other parts of Asia, China and India are making major strides in shifting to renewables. But for ASEAN countries, the collective and political will to keep pace with the rest of Asia remains elusive. As a result, the region is potentially holding Asia back in the transition to renewables and risks being left behind in the Fourth Wave of environmental innovation.

In this panel, we’ll explore what ASEAN can learn from countries leading the way in the shift to renewables, discuss what opportunities ASEAN can tap into that can help Asia ascend as a global leader in renewable energy, and the paradigm shift needed for real change to happen in the region.