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href="https://ceta.asia/wp-content/plugins/elementor-pro/assets/css/widget-theme-elements.min.css?ver=1725424676"> <ul class="elementor-inline-items elementor-icon-list-items elementor-post-info"> <li class="elementor-icon-list-item elementor-repeater-item-96e1ce2 elementor-inline-item" itemprop="about"> <span class="elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-terms"> <span class="elementor-post-info__terms-list"> <a href="https://ceta.asia/category/blog/" class="elementor-post-info__terms-list-item">Blog</a> </span> </span> </li> </ul> </div> </div> <div class="elementor-element elementor-element-3a7ac8d elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading" data-id="3a7ac8d" data-element_type="widget" id="post-title" data-widget_type="theme-post-title.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.23.0 - 05-08-2024 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}</style><h1 class="elementor-heading-title elementor-size-default">Sustainability-Driven Growth: ASEAN’s Renaissance Opportunity</h1> </div> </div> <div class="elementor-element elementor-element-606b482 date-tag elementor-widget elementor-widget-post-info" data-id="606b482" data-element_type="widget" data-widget_type="post-info.default"> <div class="elementor-widget-container"> <ul class="elementor-inline-items elementor-icon-list-items elementor-post-info"> <li class="elementor-icon-list-item elementor-repeater-item-d99d421 elementor-inline-item" itemprop="datePublished"> <a href="https://ceta.asia/2024/08/19/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-calendar" viewBox="0 0 448 512" xmlns="http://www.w3.org/2000/svg"><path d="M12 192h424c6.6 0 12 5.4 12 12v260c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V204c0-6.6 5.4-12 12-12zm436-44v-36c0-26.5-21.5-48-48-48h-48V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H160V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H48C21.5 64 0 85.5 0 112v36c0 6.6 5.4 12 12 12h424c6.6 0 12-5.4 12-12z"></path></svg> </span> <span class="elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date"> <time>August 19, 2024</time> </span> </a> </li> </ul> </div> </div> </div> <div class="elementor-element elementor-element-4c64043 col-right e-flex e-con-boxed e-con e-child" data-id="4c64043" data-element_type="container"> <div class="e-con-inner"> <div class="elementor-element elementor-element-e1ca2b7 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image" data-id="e1ca2b7" data-element_type="widget" data-widget_type="theme-post-featured-image.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.23.0 - 05-08-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=".svg"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}</style> <img loading="lazy" width="1920" height="1080" src="https://ceta.asia/wp-content/uploads/2024/07/Rystad-Energy.jpg" class="attachment-full size-full wp-image-6512" alt="" srcset="https://ceta.asia/wp-content/uploads/2024/07/Rystad-Energy.jpg 1920w, https://ceta.asia/wp-content/uploads/2024/07/Rystad-Energy-300x169.jpg 300w, https://ceta.asia/wp-content/uploads/2024/07/Rystad-Energy-1024x576.jpg 1024w, https://ceta.asia/wp-content/uploads/2024/07/Rystad-Energy-150x84.jpg 150w, https://ceta.asia/wp-content/uploads/2024/07/Rystad-Energy-768x432.jpg 768w, https://ceta.asia/wp-content/uploads/2024/07/Rystad-Energy-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /> </div> </div> </div> </div> </div> </div> </div> <div class="elementor-element elementor-element-f54fc2f e-con-full e-flex e-con e-parent" data-id="f54fc2f" data-element_type="container" id="post-content"> <div class="elementor-element elementor-element-2233a81 content-wrap e-flex e-con-boxed e-con e-child" data-id="2233a81" data-element_type="container"> <div class="e-con-inner"> <div class="elementor-element elementor-element-705c786 elementor-widget elementor-widget-theme-post-content" data-id="705c786" data-element_type="widget" data-widget_type="theme-post-content.default"> <div class="elementor-widget-container"> <div data-elementor-type="wp-post" data-elementor-id="6473" class="elementor elementor-6473" data-elementor-post-type="post"> <div class="elementor-element elementor-element-adebbeb e-flex e-con-boxed e-con e-parent" data-id="adebbeb" data-element_type="container"> <div class="e-con-inner"> <div class="elementor-element elementor-element-c3e5a52 elementor-widget elementor-widget-text-editor" data-id="c3e5a52" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.23.0 - 05-08-2024 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}</style> <p>ASEAN and Southeast Asia are at a tipping point. Beyond this juncture lies a renaissance opportunity for the region, driven by sustainability-focused growth. As we approach critical moments such as COP 29 and Malaysia’s chairmanship of ASEAN in 2025, it is crucial to pause, reflect and recommit to a clear plan of action to fully realise the opportunities ahead.</p> </div> </div> <div class="elementor-element elementor-element-d75fc36 e-grid e-con-full e-con e-child" data-id="d75fc36" data-element_type="container"> <div class="elementor-element elementor-element-a6e9797 elementor-position-top elementor-widget elementor-widget-image-box" data-id="a6e9797" data-element_type="widget" data-widget_type="image-box.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.23.0 - 05-08-2024 */ .elementor-widget-image-box .elementor-image-box-content{width:100%}@media (min-width:768px){.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper,.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{display:flex}.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{text-align:end;flex-direction:row-reverse}.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper{text-align:start;flex-direction:row}.elementor-widget-image-box.elementor-position-top .elementor-image-box-img{margin:auto}.elementor-widget-image-box.elementor-vertical-align-top .elementor-image-box-wrapper{align-items:flex-start}.elementor-widget-image-box.elementor-vertical-align-middle .elementor-image-box-wrapper{align-items:center}.elementor-widget-image-box.elementor-vertical-align-bottom .elementor-image-box-wrapper{align-items:flex-end}}@media (max-width:767px){.elementor-widget-image-box .elementor-image-box-img{margin-left:auto!important;margin-right:auto!important;margin-bottom:15px}}.elementor-widget-image-box .elementor-image-box-img{display:inline-block}.elementor-widget-image-box .elementor-image-box-title a{color:inherit}.elementor-widget-image-box .elementor-image-box-wrapper{text-align:center}.elementor-widget-image-box .elementor-image-box-description{margin:0}</style><div class="elementor-image-box-wrapper"><figure class="elementor-image-box-img"><img fetchpriority="high" fetchpriority="high" decoding="async" width="2560" height="2560" src="https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-scaled.jpg" class="attachment-full size-full wp-image-6332" alt="" srcset="https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-scaled.jpg 2560w, https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-300x300.jpg 300w, https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-1024x1024.jpg 1024w, https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-150x150.jpg 150w, https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-768x768.jpg 768w, https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-1536x1536.jpg 1536w, https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-2048x2048.jpg 2048w, https://ceta.asia/wp-content/uploads/2024/08/Corporate-pic_Rystad-Energy-Vijay-Krishnan-_-Hi-res_Square-500x500.jpg 500w" sizes="(max-width: 2560px) 100vw, 2560px" /></figure><div class="elementor-image-box-content"><h3 class="elementor-image-box-title">Vijay Krishnan</h3><p class="elementor-image-box-description"><span style="color: var( --e-global-color-text ); text-align: var(--text-align); white-space-collapse: collapse;">Partner and Head of APAC<br> Rystad Energy</span></p></div></div> </div> </div> <div class="elementor-element elementor-element-d5f8278 elementor-widget elementor-widget-text-editor" data-id="d5f8278" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>In the lead-up to Clean Energy Transition Asia (CETA), we had the privilege of speaking with <b>Vijay Krishnan,</b> <b>Partner and Head of APAC</b> at <b>Rystad Energy</b>, about the key factors for achieving a genuine sustainability-driven renaissance in the region.</p> </div> </div> </div> <div class="elementor-element elementor-element-ae00c95 elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="ae00c95" data-element_type="widget" data-widget_type="divider.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.23.0 - 05-08-2024 */ .elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:"";border-block-end:0;flex-grow:1;border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider--element-align-start .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-start .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-start .elementor-divider__element{margin-inline-start:0}.elementor-widget-divider--element-align-end .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-end .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-end .elementor-divider__element{margin-inline-end:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}</style> <div class="elementor-divider"> <span class="elementor-divider-separator"> </span> </div> </div> </div> <div class="elementor-element elementor-element-923623d elementor-widget elementor-widget-heading" data-id="923623d" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default"><b>CETA: </b>: Thank you, Vijay and Rystad Energy, for being active, committed Strategic Partners to CETA. We would like to start by giving our industry network a deeper insight into Rystad Energy and your growth journey in Asia.</h5> </div> </div> <div class="elementor-element elementor-element-8aec656 elementor-widget elementor-widget-text-editor" data-id="8aec656" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><strong>Vijay Krishnan: </strong>Thank you for having us here. We are really looking forward to CETA’s great success. Rystad Energy is committed to partnering with platforms such as CETA to advance the region’s clean energy transition.</p> <p>Let me start by giving you a deeper view of Rystad Energy. We are a global Research, Advisory and Analytics company headquartered in Norway. This year, we are 20 years old, and we have four main arms: Data, Analytics, Advisory and Education.</p> <p>We have 35 offices worldwide and 800 full-time employees, including 260 in Asia. Our singular focus is helping clients navigate the energy transition through robust research, advisory services and analytics. Our journey in Asia Pacific started 7 years ago, and since then, we have added 11 other offices across the region. Our company is 100% employee owned. This has truly enabled us to attract amazing talent and build a high-performance culture, which in turn has propelled us on this amazing global growth journey.</p> <p>Our business is centered around tackling the energy transition through a science-based approach. Every company, government, investor and operator need ready access to robust research. This is where we step in to provide forward-looking, commercially sustainable strategies customized to our client’s needs and keeping in mind the wider environment they operate in. </p> </div> </div> <div class="elementor-element elementor-element-3109791 elementor-blockquote--skin-boxed elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote" data-id="3109791" data-element_type="widget" data-widget_type="blockquote.default"> <div class="elementor-widget-container"> <style>/*! elementor-pro - v3.23.0 - 05-08-2024 */ @charset "UTF-8";.entry-content blockquote.elementor-blockquote:not(.alignright):not(.alignleft),.entry-summary blockquote.elementor-blockquote{margin-right:0;margin-left:0}.elementor-widget-blockquote blockquote{margin:0;padding:0;outline:0;font-size:100%;vertical-align:baseline;background:transparent;quotes:none;border:0;font-style:normal;color:#3f444b}.elementor-widget-blockquote blockquote .e-q-footer:after,.elementor-widget-blockquote blockquote .e-q-footer:before,.elementor-widget-blockquote blockquote:after,.elementor-widget-blockquote blockquote:before,.elementor-widget-blockquote blockquote cite:after,.elementor-widget-blockquote blockquote cite:before{content:none}.elementor-blockquote{transition:.3s}.elementor-blockquote__author,.elementor-blockquote__content{margin-bottom:0;font-style:normal}.elementor-blockquote__author{font-weight:700}.elementor-blockquote .e-q-footer{margin-top:12px;display:flex;justify-content:space-between}.elementor-blockquote__tweet-button{display:flex;transition:.3s;color:#1da1f2;align-self:flex-end;line-height:1;position:relative;width:-moz-max-content;width:max-content}.elementor-blockquote__tweet-button:hover{color:#0967a0}.elementor-blockquote__tweet-button span{font-weight:600}.elementor-blockquote__tweet-button i,.elementor-blockquote__tweet-button span{vertical-align:middle}.elementor-blockquote__tweet-button i+span,.elementor-blockquote__tweet-button 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svg{fill:#fff;height:1em;width:1em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button{padding:0;width:2em;height:2em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i{position:absolute;left:50%;top:50%;transform:translate(-50%,-50%)}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:before{content:"";border:.5em solid transparent;border-inline-end-color:#1da1f2;position:absolute;left:-.8em;top:50%;transform:translateY(-50%) scaleY(.65);transition:.3s}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:before{right:auto;left:-.8em;border-right-color:#1da1f2;border-left-color:transparent}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:hover:before{border-right-color:#0967a0}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:before{left:auto;right:-.8em;border-right-color:transparent;border-left-color:#1da1f2}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:hover:before{border-left-color:#0967a0}.elementor-blockquote--skin-boxed .elementor-blockquote{background-color:#f9fafa;padding:30px}.elementor-blockquote--skin-border .elementor-blockquote{border-color:#f9fafa;border-style:solid;border-inline-start-width:7px;padding-inline-start:20px}.elementor-blockquote--skin-quotation .elementor-blockquote:before{content:"“";font-size:100px;color:#f9fafa;font-family:Times New Roman,Times,serif;font-weight:900;line-height:1;display:block;height:.6em}.elementor-blockquote--skin-quotation .elementor-blockquote__content{margin-top:15px}.elementor-blockquote--align-left .elementor-blockquote__content{text-align:left}.elementor-blockquote--align-left .elementor-blockquote .e-q-footer{flex-direction:row}.elementor-blockquote--align-right .elementor-blockquote__content{text-align:right}.elementor-blockquote--align-right .elementor-blockquote .e-q-footer{flex-direction:row-reverse}.elementor-blockquote--align-center .elementor-blockquote{text-align:center}.elementor-blockquote--align-center .elementor-blockquote .e-q-footer,.elementor-blockquote--align-center .elementor-blockquote__author{display:block}.elementor-blockquote--align-center .elementor-blockquote__tweet-button{margin-right:auto;margin-left:auto}</style> <blockquote class="elementor-blockquote"> <p class="elementor-blockquote__content"> "The <b>world of energy transition is highly nuanced and constantly presents new challenges</b>, which we embrace and enjoy. It’s in our DNA as a research house to tackle some of the world’s toughest problems and to do so with excitement. Our team consists of self-starting, entrepreneurial, high-performing talent from around the world, creating a dynamic culture that is a key driver of our growth." </p> </blockquote> </div> </div> <div class="elementor-element elementor-element-f5f3b5d elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="f5f3b5d" data-element_type="widget" data-widget_type="divider.default"> <div class="elementor-widget-container"> <div class="elementor-divider"> <span class="elementor-divider-separator"> </span> </div> </div> </div> <div class="elementor-element elementor-element-74b9761 elementor-widget elementor-widget-heading" data-id="74b9761" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default"><b>CETA: </b>Could you walk us through the net zero transition outlook for ASEAN running into 2030? What are the critical success factors and accelerators for this journey?</h5> </div> </div> <div class="elementor-element elementor-element-43e8e98 elementor-widget elementor-widget-text-editor" data-id="43e8e98" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><strong>Vijay:</strong> First and foremost, let’s recognise and acknowledge that this transition is a multi-decade journey that we need to take. We must start moving now to actualize stated policy goals by 2050 and 2060. </p> <p>Coming to the present day, it is important to highlight that emissions globally have gone in the wrong direction. Several factors contribute to this situation, including conflicts in energy-sensitive regions.</p> </div> </div> <div class="elementor-element elementor-element-6e0589e elementor-blockquote--skin-boxed elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote" data-id="6e0589e" data-element_type="widget" data-widget_type="blockquote.default"> <div class="elementor-widget-container"> <blockquote class="elementor-blockquote"> <p class="elementor-blockquote__content"> <span style="white-space-collapse: collapse;">"ASEAN must navigate the <b>energy "Quadrilemma,"</b> which encompasses <b>energy security</b>, <b>sustainability balanced with growth ambitions</b>, <b>access</b>, and <b>emissions</b>. Achieving policy consistency, ensuring effective capital flow, and maintaining strong implementation governance will be crucial for ASEAN's success in addressing these challenges."</span> </p> </blockquote> </div> </div> <div class="elementor-element elementor-element-e7dd8bf elementor-widget elementor-widget-text-editor" data-id="e7dd8bf" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>In the short term, we anticipate a continued rise in emissions, but expect them to decline afterward. Unfortunately, some key developed nations have shifted focus away from decarbonisation, emissions management and ESG principles. This shift in rhetoric is beginning to impact ASEAN, which is a significant concern we are committed to addressing at CETA. It is crucial to prioritise and accelerate decarbonisation efforts now.</p> <p>Malaysia is a shining example of this commitment to acceleration. Neighbouring ASEAN member states need to collaborate closely with Malaysia, especially into 2025, as the country takes over the Chairmanship of ASEAN. </p> <p>Going back to your question on critical success factors, I would sum these up as below:</p> <ul> <li>ASEAN member states need to overcome the movement away from ESG principles and remind people of the importance of decarbonisation. </li> <li>ASEAN member states should address gaps in the adoption and implementation of policies to achieve their NDC goals and net zero targets by 2050-2060. </li> <li>ASEAN member states should foster the right ecosystem, including effective policies, capital, and collaboration, to drive meaningful change in the energy transition.</li> </ul> </div> </div> <div class="elementor-element elementor-element-4b79fab elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="4b79fab" data-element_type="widget" data-widget_type="divider.default"> <div class="elementor-widget-container"> <div class="elementor-divider"> <span class="elementor-divider-separator"> </span> </div> </div> </div> <div class="elementor-element elementor-element-ec4ea22 elementor-widget elementor-widget-heading" data-id="ec4ea22" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default"><b>CETA: </b>You have talked about the sustainability-powered renaissance for the region in some of your speaking engagements this year. Could you expand on this? </h5> </div> </div> <div class="elementor-element elementor-element-0527631 elementor-blockquote--skin-boxed elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote" data-id="0527631" data-element_type="widget" data-widget_type="blockquote.default"> <div class="elementor-widget-container"> <blockquote class="elementor-blockquote"> <p class="elementor-blockquote__content"> <span style="white-space-collapse: collapse;"><b>Vijay</b>: "ASEAN has a great opportunity to meet its <b>fast-expanding consumer demand</b> and<b> economic growth</b> by investing in sustainable industrial and energy systems."</span> </p> </blockquote> </div> </div> <div class="elementor-element elementor-element-43e7f9e elementor-widget elementor-widget-text-editor" data-id="43e7f9e" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>Let’s take a look at some of the enablers for this sustainability-powered renaissance:</p> <ul> <li>We are a region with a combined population of 670 million, 50% of whom are below the age of 30.</li> <li>As we look to 2050, we are looking at additional contributions of US$5 trillion from Gross Domestic Product (GDP). </li> <li>Based on an investment strategy centred around sustainability, our region can create 50 to 70 million new jobs, primarily within industrial and energy ecosystems. These jobs will be future-proof, as they are built on sustainable principles.</li> </ul> </div> </div> <div class="elementor-element elementor-element-620f234 elementor-blockquote--skin-boxed elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote" data-id="620f234" data-element_type="widget" data-widget_type="blockquote.default"> <div class="elementor-widget-container"> <blockquote class="elementor-blockquote"> <p class="elementor-blockquote__content"> <span style="white-space-collapse: collapse;">"Our vision of the renaissance is driven by three key factors: <b>a large, young, and dynamic population</b>; <b>substantial opportunities for GDP growth</b> and the <b>creation of impactful jobs and careers</b>."</span> </p> </blockquote> </div> </div> <div class="elementor-element elementor-element-275b10c elementor-widget elementor-widget-text-editor" data-id="275b10c" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>To catalyse this renaissance, favourable policies that offer risk mitigation and blended finance mechanisms will be essential. ASEAN currently benefits from a conducive environment for accelerated cross-border collaboration and an abundance of low-cost clean energy. When these elements are combined, the stage is set for this renaissance, which hinges on easy access to affordable, low-cost clean energy.</p> </div> </div> <div class="elementor-element elementor-element-b61d1c3 elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="b61d1c3" data-element_type="widget" data-widget_type="divider.default"> <div class="elementor-widget-container"> <div class="elementor-divider"> <span class="elementor-divider-separator"> </span> </div> </div> </div> <div class="elementor-element elementor-element-2e47955 elementor-widget elementor-widget-heading" data-id="2e47955" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default"><b>CETA: </b>Building on the renaissance red thread, what are your thoughts on the role Hydrogen has to play in ASEAN’s energy mix long and short term. What are some of the accelerators that you have identified for the future growth of hydrogen?</h5> </div> </div> <div class="elementor-element elementor-element-654f839 elementor-widget elementor-widget-text-editor" data-id="654f839" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><strong>Vijay: </strong><span style="text-align: var(--text-align);">At Rystad Energy, we track about 25 different technologies that we think are crucial for the transition. </span></p> <p><span style="text-align: var(--text-align);">Hydrogen is one of them, in addition to solar, wind and carbon capture of course. Hydrogen technology has been worked on for many years now and we have some great examples of pilot success stories in East Asia and China. The key to wider adoption is increased affordability. </span></p> <p><span style="text-align: var(--text-align);">Increased affordability will be driven by the confluence of three major developments:</span></p> <ul> <li>Policy Support</li> <li>Investment in hydrogen technology development</li> <li>Reimagined business models that integrate hydrogen partly or fully as part of a cleaner industrial and energy ecosystem. This will help unlock capital.</li> </ul> <div> <p>ASEAN is well-positioned to benefit from the innovations emerging in the EU, East Asia, and China. For instance, the EU Hydrogen Bank demonstrates how policies can effectively finance the development of a hydrogen economy. We should explore how similar financing innovations could be applied in our region, particularly to stimulate cross-border development. Additionally, we need to consider hydrogen from a downstream perspective: its byproducts are valuable for hard-to-abate sectors, while hydrogen fuel cells present a promising opportunity for decarbonizing commercial transportation.</p> </div> </div> </div> <div class="elementor-element elementor-element-f2bde30 elementor-blockquote--skin-boxed elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote" data-id="f2bde30" data-element_type="widget" data-widget_type="blockquote.default"> <div class="elementor-widget-container"> <blockquote class="elementor-blockquote"> <p class="elementor-blockquote__content"> <span style="white-space-collapse: collapse;">"To sum up, our view is that <b>Hydrogen is a vital component of the clean energy transition</b> and the key fundamentals that need addressing in the near term are":</span> </p> </blockquote> </div> </div> <div class="elementor-element elementor-element-5c1bbc4 elementor-widget elementor-widget-text-editor" data-id="5c1bbc4" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <ul> <li>ASEAN member states should explore the <b>potential of hydrogen as a key enabler</b> for the energy transition, addressing technology advancements, cost reductions, safety concerns and downstream applications. </li> <li>ASEAN member states should <b>revisit business models</b> and <b>reimagine how to deploy hydrogen effectively</b> in various sectors, such as power generation, transportation, and maritime. </li> </ul> </div> </div> <div class="elementor-element elementor-element-9d2ab50 elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="9d2ab50" data-element_type="widget" data-widget_type="divider.default"> <div class="elementor-widget-container"> <div class="elementor-divider"> <span class="elementor-divider-separator"> </span> </div> </div> </div> <div class="elementor-element elementor-element-42d25a7 elementor-widget elementor-widget-heading" data-id="42d25a7" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default"><b>CETA</b>:<b> </b>With two significant events approaching—the end-of-year COP 29 and Malaysia’s Chairmanship of ASEAN in 2025—what can we anticipate? How can Malaysia leverage its role as ASEAN Chairman in 2025 to foster deeper regional collaboration for energy transition?</h5> </div> </div> <div class="elementor-element elementor-element-f30ed8d elementor-widget elementor-widget-text-editor" data-id="f30ed8d" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><b>Vijay:</b> Malaysia’s chairmanship of ASEAN in 2025 presents a significant opportunity. Positioned at the core of the transition, Malaysia has the potential to advance regional plans, foster collaboration, and drive impactful change.</p> </div> </div> <div class="elementor-element elementor-element-86c908a elementor-blockquote--skin-boxed elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote" data-id="86c908a" data-element_type="widget" data-widget_type="blockquote.default"> <div class="elementor-widget-container"> <blockquote class="elementor-blockquote"> <p class="elementor-blockquote__content"> <span style="white-space-collapse: collapse;">"Malaysia is endowed with numerous energy resources that could support the ambitious goals we’ve discussed, such as <b>adding US$5 trillion to ASEAN’s GDP</b> and <b>creating 50 to 70 million new jobs</b>."</span> </p> </blockquote> </div> </div> <div class="elementor-element elementor-element-85ed82c elementor-widget elementor-widget-text-editor" data-id="85ed82c" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><span style="text-align: var(--text-align);">We anticipate that Malaysia will play a key role in advancing cross-border collaboration initiatives, particularly in carbon offsets and the regional grid.</span></p> <p><span style="text-align: var(--text-align);"><b>Energy Exchange Malaysia (ENEGEM)</b> is a fantastic step forward to enhance cross border renewable energy exports and access. Add to this the fact that the latest large solar auction in Malaysia achieved some of the lowest solar bid prices in Southeast Asia. This will provide a surplus which places the country in a great position to spearhead regional efforts for greater solar adoption.</span></p> <p><b>Malaysia’s ASEAN Chairmanship </b>will also positively influence COP 29. We anticipate Malaysia will lead ASEAN initiatives at COP 29, which could attract and unlock essential climate finance for driving technological innovation and long-term sustainable investment. This year’s COP 29 is critical for recommitting to our Nationally Determined Contributions (NDCs) for 2030. ASEAN member states must ensure they can meet these commitments and significant work will be required to achieve this.</p> <p><span style="color: var( --e-global-color-text ); text-align: var(--text-align);">In summary, our view is:</span></p> <ul> <li><span style="color: var( --e-global-color-text ); text-align: var(--text-align);">Malaysia, as the chair of ASEAN in 2025, should l</span><b style="color: var( --e-global-color-text ); text-align: var(--text-align);">everage its position to spearhead regional efforts</b><span style="color: var( --e-global-color-text ); text-align: var(--text-align);">, develop harmonised policies, and implement regional grid initiatives, leveraging its geographical location and energy resources. </span><br></li> <li style=""><span style="text-align: var(--text-align);">ASEAN member states should <b>recommit to their NDCs and drive collaboration</b>, integration, and harmonization during COP29, setting the stage for accelerated progress in the energy transition.<font color="rgba(0, 0, 0, 0)"> </font></span><br></li></ul> </div> </div> <div class="elementor-element elementor-element-564cfc4 elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="564cfc4" data-element_type="widget" data-widget_type="divider.default"> <div class="elementor-widget-container"> <div class="elementor-divider"> <span class="elementor-divider-separator"> </span> </div> </div> </div> <div class="elementor-element elementor-element-1ab33c4 elementor-widget elementor-widget-text-editor" data-id="1ab33c4" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><em><strong>Vijay Krishnan</strong> is a Partner and Head of Asia Pacific at Rystad Energy. Vijay joined Rystad Energy in January 2017 and </em><em>is responsible for the overall business across Asia Pacific. He has over 25 years of experience in the Energy & </em><em>Petrochemical sector across Asia Pacific & the Middle East. Having started his career as an Analyst covering the </em><em>Commodities and Energy Markets. He moved into Product & Business development in the Middle East and India for</em><br /><em>ICIS-LOR before joining Wood Mackenzie to start up their South East Asia business in 2005 where he went on to </em><em>Head the Singapore office and was the Global Head of their NOC business. 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