Asean needs to develop a collective response to the geopolitics of renewable energy in order to address resource nationalism and the adverse impacts of growing US-China rivalry on Southeast Asia's energy transition.
Geopolitical turmoil must not be allowed to distract global decision-makers from the urgent imperative of tackling climate change. There is no excuse for letting COP29 conclude without delivering ambitious, credible financing commitments to support climate action – including the clean-energy transition – in developing economies.
If policymakers and ESG proponents fail to ensure that the ESG agenda is equitable and credible – directly benefiting working class and rural communities – the credibility of ESG will deteriorate further.
If policymakers can overcome the remaining technological, regulatory, and financial barriers, the COP28 goal of tripling renewable-energy capacity by 2030 will be well within reach – with solar leading the way.