Energy evolution

Energy evolution
While attempts are being made to move away from fossil fuels for energy production, the transition is not happening as efficiently as many predict. New methods of extracting oil and gas have kept these resources cheap and plentiful and have turned importers into leading exporters. Meanwhile, failed policies – many of them based more on emotion than on scientific facts – have exacerbated many of the problems energy markets face – or created new ones.

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Graph of share of global economic and energy indicators in Southeast Asia

ASEAN’s energy transition: Risks and opportunities

While energy developments in Southeast Asia are often overlooked for other global trends, the region's continued industrialization will increasingly drive worldwide economic growth and energy demand. The Association of Southeast Asian Nations' rapid development will make the region a net importer of fossil fuels, bringing opportunities and higher energy security risks, increased costs and accelerated climate changes. 

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