Opinion / #clean energy
The Indonesian leader promised to retire all coal power plants in the country within 15 years, but the country’s delegation at Baku failed to mention the funding gaps and access barriers in order to achieve it.
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.
To achieve net zero emissions in Southeast Asia, addressing the significant financing gap is crucial, requiring bold targets and more international support.
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