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Economies in Transition: A Comparative Macroeconomic Analysis of Decarbonisation in Five Nations

This report examines the net-zero transition pathways of Sweden, Japan, Indonesia, Viet Nam and Thailand. It explores the diverse strategies each country has adopted to reduce greenhouse gas emissions and compares their decarbonisation pathways to identify common opportunities, key challenges, and lessons learned. The analysis shows that achieving net-zero requires strong policy frameworks, sustained investment, technological innovation and institutional capacity.

 

07-2026     |     Clean, Affordable and Secure Energy (CASE)
Energy Transition
A Shared Journey Towards Regional Integration: The EU and ASEAN''s Energy Partnership

The shift towards cleaner energy across Southeast Asia is placing renewed emphasis on regional cooperation to build secure, resilient, and interconnected energy systems. Drawing on decades of experience in regional integration, the European Union (EU) is working alongside ASEAN to strengthen policy dialogue, technical cooperation, and investment in support of the ASEAN Power Grid and the region's broader energy transition.

In this conversation,Maximilian Heil, Regional Project Coordinator for the Clean, Affordable and Secure Energy (CASE) for Southeast Asia project at Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, speaks with Gaspard de Bousies, Programme Manager – Energy & Environment at the Delegation of the European Union to ASEAN, about the EU's support for ASEAN's energy transition, the role of the Global Gateway Strategy, and how regional cooperation, technical assistance, and long-term partnerships are helping build a cleaner and more connected energy future in Southeast Asia. 

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SIPET Connect: To begin, could you tell us a little about your professional journey and how you became part of the EU Delegation to ASEAN?

Gaspard: Thank you for having me. I joined the EU Mission to ASEAN about a year ago. Before that, I worked for the European Union in Brussels and, more recently, in Côte d'Ivoire, West Africa, where I focused on the broader green transition, particularly sustainable value chains.

I've?always been interested in Southeast Asia, so I was delighted to take on this role. Today, my work centres on advancing the energy transition through policy dialogue, technical cooperation, and support for investments.

At the heart of that work is supporting the ASEAN Power Grid. We work closely with ASEAN institutions, ASEAN Member States, EU Member States, development banks, and the private sector to help create the conditions for greater regional electricity connectivity and increased renewable energy deployment.

 

SIPET Connect: Your role spans across energy, climate, and environmental cooperation. How do these different areas contribute to the European Union's broader priorities in ASEAN?

Gaspard: Energy, climate, and the environment are shared priorities for both the European Union and ASEAN, and they are closely interconnected.

Clean electricity helps reduce greenhouse gas emissions while improving air quality and strengthening energy security. At the same time, renewable energy deployment needs to respect biodiversity and environmental safeguards. That's why we take an integrated approach that combines climate ambition, environmental sustainability, and economic development.

The energy transition is not only about decarbonisation. It is also about creating jobs, strengthening competitiveness, and improving resilience. These priorities are reflected in the EU's Global Gateway Strategy, which is one of the European Commission's key political priorities in the region.

 

SIPET Connect: You mentioned the Global Gateway Strategy. The European Union also supports ASEAN's energy transition through initiatives such as the Green Team Europe Initiative, the Technical Assistance Facility, the SCOPE Investment Facility, and SCOPE Energy. Could you explain how these different instruments complement one another?

Gaspard: The Global Gateway Strategy aims to support sustainable, high-quality infrastructure and mobilise investment with trusted partners around the world. It combines investment support with European expertise to help advance the green and energy transitions. 

To achieve this, we use several complementary instruments. 

The Green Team Europe Initiative brings together the European Commission and EU Member States to coordinate priorities and ensure that resources are used effectively.

Through the Technical Assistance Facility, we provide flexible technical expertise that responds to ASEAN's evolving priorities, whether linked to the ASEAN Chairmanship or longer-term regional planning. 

The?SCOPE Investment Facility (SCOPE IF) helps translate policy ambitions into investment opportunities by identifying projects in areas such as energy, transport, and digital connectivity that are ready to attract financing.

Alongside this, SCOPE Energy, implemented by UNOPS, supports projects from policy dialogue and technical assistance through to investment preparation and implementation.

Together, these instruments support the full project cycle, from early-stage planning to implementation, while helping create the conditions needed to mobilise investment. 

 

SIPET Connect: A key objective of these initiatives is to strengthen regional cooperation. How do they help support policy dialogue, technical cooperation, and knowledge exchange across ASEAN Member States?

Gaspard: One of the things the European Union really wants to share is its own experience of regional integration. 

Through these initiatives, we create opportunities for ASEAN Member States to exchange experiences, align priorities, develop common approaches, and build technical capacity together. 

Every ASEAN country has different economic realities, different energy resources, and different priorities. Rather than promoting a single model, we want to encourage dialogue and share practical lessons from Europe's own experience of working across borders.

That is why we support regional studies, workshops, peer learning, and exchanges with European experts who can share practical experience from Europe's integration process. 

We also work closely with regional institutions such as the ASEAN Centre for Energy, while continuing to support individual countries according to their own priorities.

Ultimately, these efforts strengthen cooperation across the region and help create the foundation for greater electricity connectivity and renewable energy deployment.

 

SIPET Connect: Southeast Asia's energy transition presents both enormous opportunities and significant challenges. From your perspective, where do you think the European Union can add the greatest value through technical?assistance?and make the biggest difference?

Gaspard:?I think one of the European Union's greatest strengths is the experience we have gained through cooperation between our Member States.

For example, in Europe there is strong cooperation between transmission system operators through the European Network of Transmission System Operators for Electricity (ENTSO-E). Together, they have developed common rules and regulatory frameworks that support a more integrated electricity market. That experience is something we can share with ASEAN.

Technical?assistance?can play?an important role?not only in supporting policy and regulatory development, but also in preparing bankable projects.

In Europe, we have the Projects of Common Interest (PCI) framework, where the European Union provides grants that help make strategic infrastructure projects more attractive to financial institutions and investors. Supporting project preparation and sharing those lessons is one area where we believe we can make a meaningful contribution. 

We also work closely with organisations such as the ASEAN Centre for Energy (ACE) and the ASEAN Energy Regulators' Network (AERN). Through this technical cooperation, we hope to help ASEAN Member States strengthen interconnectivity, expand renewable energy deployment, and provide more affordable, reliable, and sustainable electricity. 

 

SIPET?Connect: You have highlighted the importance of partnerships and regional integration. Beyond governments, how does the European Union work with development finance institutions, utilities, regulators, and the private sector to create lasting impact?? 

Gaspard:?We really try to foster partnerships through the Team Europe approach, which brings together the European Union and EU Member States. 

At the same time, we recognise that the energy transition cannot be delivered by governments alone. That is why we work with development finance institutions such as the European Investment Bank, as well as partners including the Asian Development Bank and the World Bank. 

We also work increasingly with utilities and regulators from both Europe and ASEAN because peer learning and the exchange of practical experience are incredibly valuable. 

By combining policy expertise, technical assistance, and financing under the Global Gateway Strategy, we are able to mobilise a broad coalition of partners. 

We are also working together with the International Energy Agency (IEA). Our colleagues at the European Commission's Directorate-General for Energy recently launched the Electrify Now initiative, which brings together governments, civil society, financial partners, and the private sector to promote electrification as a practical pathway towards cleaner, more resilient, and more interconnected energy systems. 

Supporting the ASEAN Power Grid is very much part of that broader effort. Ultimately, our objective is to strengthen energy security and resilience through long-term cooperation between the European Union and ASEAN. 

 

SIPET Connect: You also provide bilateral support to individual ASEAN Member States. How do you balance regional cooperation with national priorities?

Gaspard: ASEAN is an incredibly diverse region, and every country has different starting points and priorities. 

Our support is therefore very much demand-driven. While our regional delegation in Jakarta focuses on ASEAN-wide cooperation, we also have EU Delegations in every ASEAN Member State. They work directly with national governments and have dedicated resources to support each country's priorities while identifying opportunities where regional cooperation can create additional value.

The ASEAN Power Grid is a good example. Regional interconnection can improve energy security and increase access to renewable energy across borders, while each country retains ownership over its own energy mix and policy choices. 

Alongside our regional programmes, we also support renewable energy projects, infrastructure development, and regulatory reforms at the national level. These contribute to stronger national energy systems while also helping build a more integrated regional electricity market over time. 

 

SIPET Connect: Looking ahead, where do you think the European Union's greatest strengths lie in supporting ASEAN's clean energy future? 

Gaspard:?I think the European Union can bring decades of practical experience integrating electricity markets across sovereign countries with different regulatory systems.

Beyond our policy and institutional experience, we can also bring advanced technologies, strong regulatory frameworks, and world-leading utilities that have extensive experience operating interconnected power systems.

Increasingly, as larger investments are required, we can also bring innovative financing mechanisms that combine grants, guarantees, and loans.

We are also seeing growing interest from European companies investing in Southeast Asia. We see ASEAN as a trusted and important partner, and we want to encourage those investments.

Knowledge exchange is another important contribution. Through study visits, we bring utilities and government officials from ASEAN to Europe so they can see first-hand how the European electricity market has evolved over the past three decades. 

For example, later this year we will organise a study visit focused on the ASEAN Power Grid and subsea power cables, providing another opportunity to exchange practical experience between the two regions. 

Under the Global Gateway Strategy, we can combine expertise with investment support to build strong partnerships that promote sustainable infrastructure and economic development. 

 

SIPET Connect: Next year marks 50 years of diplomatic relations between the European Union and ASEAN. As both regions look ahead, what do you think this milestone could mean for collaboration on energy, climate, and sustainable development. Given the current geopolitical context, where do you see the biggest opportunities for the two regional blocs to work together.

Gaspard: Next year will indeed mark the 50th anniversary of diplomatic relations between the European Union and ASEAN, and it is an important milestone for both regions. 

The anniversary will take place under Singapore's ASEAN Chairmanship, and we hope it will coincide with an EU–ASEAN Leaders' Summit. We expect a number of European Heads of State and Government, together with the President of the European Commission, to travel to the region.

The European Union has proposed upgrading our relationship from a Strategic Partnership to a Comprehensive Strategic Partnership, reflecting the growing importance of our cooperation across many areas. Energy will remain at the heart of that partnership, particularly through our support for the ASEAN Power Grid. We know regional integration is a gradual process that requires trust, long-term planning, common rules, and continued cooperation.

Drawing on Europe's own experience, we hope to support ASEAN by strengthening regional institutions, promoting transparent and aligned regulatory frameworks, encouraging interoperable technical standards, and helping create an enabling environment for greater cross-border energy cooperation.

We also see strong momentum around the ASEAN Power Grid. Developments such as the ASEAN Power Grid Memorandum of Understanding and the establishment of the ASEAN Power Grid Secretariat, led by the ASEAN Centre for Energy, are important milestones, and ACE continues to be a key partner in these efforts.

To build on that momentum, we are preparing an additional package of support for the ASEAN Power Grid so that progress can continue.

Today, the European Union is supporting regional energy market integration through programmes worth around €12 million. In the coming years, we hope to scale up that support while also helping mobilise the larger public and private investments needed to develop regional energy infrastructure.

The European Union wants to remain a long-term and reliable partner that supports ASEAN's own priorities, and we look forward to continuing that journey together.

 

07-2026     |     Clean, Affordable and Secure Energy (CASE)
From Potential to Pipeline: Enhancing the Energy Efficiency Financing Ecosystem with a Four-Pillar Strategy

The report finds that Indonesia has a strong regulatory foundation for energy efficiency, including provisions for PPPs and green finance. However, investment remains limited by weak project pipelines, financing gaps, perceived risks, limited ESCO capacity, and poor market coordination. It recommends translating existing policies into bankable, scalable industrial energy-efficiency projects.

06-2026     |     ACE - ASEAN Centre for Energy
Energy Transition
Catalysing Change: Aviva Imhof on the Role of Strategic Philanthropy and Asia’s Energy Transition

As Asia’s energy transition accelerates, philanthropy is beginning to play a more visible and strategic role in helping unlock change. But in a region as diverse and complex as Asia, the challenge is not simply funding good ideas, it is understanding where the bottlenecks are, what kinds of institutions and coalitions are missing, and how catalytic capital can help shift systems and markets at the pace required.

In this conversation, Peter du Pont of SIPET Connect speaks with Aviva Imhof, Program Director, Regional, at Tara Climate Foundation about why Tara was established, how it approaches strategic philanthropy in the region, and where she sees the biggest opportunities to accelerate a just and practical clean energy transition across Asia.

 

SIPET Connect: To begin, could you tell us a bit about the Tara Climate Foundation, and what are its main objectives in the area of climate and energy?

Aviva Imhof: Tara Climate Foundation was established in 2021 and is headquartered in Singapore. At its core, Tara was set up to help build a more sustainable and prosperous future for Asia, with a strong focus on accelerating the energy transition.

The foundation was designed to fill a very clear gap. For a long time, relatively little philanthropic capital was flowing into the wider Asian region. Climate philanthropy had focused heavily on China and India, given the scale of energy use and emissions profiles in those two countries.  But much less attention had been paid to the rest of Asia, despite the region’s importance in terms of population, economic growth, and the role it will play in shaping the global future.

That was the rationale for creating a foundation that is locally based, regionally headquartered, and largely staffed by people from the region. Our main objective is to support a just energy transition across Asia, with a particular emphasis on the power sector, because decarbonizing power is central to decarbonizing every other part of the economy. We also work on related areas of clean industrialisation, particularly in sectors such as heavy industry and textiles.

 

SIPET Connect: Could you say a little more about Tara’s footprint in the region? Where do you work, and the kind of partner network do you support?

Aviva Imhof: We have a fairly diverse network of around 400 partners across 12 Asian geographies. We do not just work in Southeast Asia. We also work in Japan, Korea, Bangladesh, and Pakistan.

Our three biggest programmes are Japan, Korea, and Indonesia, because of the scale of those markets and their importance in global emissions terms, regional influence, and future emissions trajectories, in the case of Indonesia.

At the same time, countries like Bangladesh and Pakistan are also very important. Their emissions are relatively low, but they have very large and rapidly growing populations, so decarbonising those countries is also critical from a global perspective.

Our partner base is very diverse. It includes think tanks and research institutes, civil society organisations doing policy work, and corporate alliances. We try to build a broad ecosystem of partners who can work together to help deliver what is, ultimately, a very difficult task: transitioning at the speed required to meet global climate targets and avoid runaway climate change.

 

SIPET Connect: What does that support look like in practice, both in terms of the scale and the kinds of grants you make?

Aviva Imhof: Last year, Tara disbursed around $65 million in grants. Grant sizes range from around $20,000 to half a million dollars, and in some cases up to a million dollars. It really depends on the partner we are supporting, the nature of the collaboration, and the kind of project involved.

Our grantmaking works through an invitation-based process. That is because we are a regranting foundation. Funded by over a dozen major global and Asian philanthropic foundations, we channel that support into climate work across Asia. That means we're accountable for ensuring our strategies are robust, locally grounded, and aligned with our funders' priorities. So we carefully curate our network of grantees across the countries where we work.

 

SIPET Connect: Tara often talks about strategic philanthropy. What does that mean to you in practice?

Aviva Imhof: For me, it means trying to look at the problem from that 30,000-foot level, understanding what the barriers are to the clean energy transition, and then figuring out how to address those barriers while avoiding the risks associated with them.

Once you understand where the barriers are and what needs to happen, the next question is: how do we make that happen, and who are the partners we need in order to do it? So strategic philanthropy means assembling and supporting the right network of actors.

In many countries, because this region was so underinvested for so long, we have actually had to help build the ecosystem. That can mean incubating new organizations, or helping organizations that may have started with just a few people grow into larger, more professional institutions. So rather than simply funding projects here and there, we are looking at the broader change that needs to happen in order for clean energy to flourish at the pace and scale we know is necessary.

 

SIPET Connect: How do you assess what kinds of support or ecosystem building are needed in a given country?

Aviva Imhof: It is usually a combination of different things. We have a fairly clear strategic framework that looks at both supply and demand.

On the demand side, we ask: how do we create demand for clean energy? That could mean supporting corporate alliances and helping companies commit to 100% renewable energy, so that they create stronger demand signals for new renewables. It can also mean working with consumer groups or rural communities.

On the supply side, we ask: what are the barriers? If the barriers are policy-related, then we look at what research and analysis is needed to show the benefits of the transition and to map out the pathway toward it. We ask what policies need to be unlocked, what procurement mechanisms should be in place, and how the cost of clean energy can be reduced through things like reverse auctions and other reforms.

Then we think about who is needed to make that case. Do we have organisations that can do the technical research and policy engagement? If not, how do we help build that capacity? Do we have people who can engage constructively with energy ministries and utilities? If not, how do we support them? And do we have the right demand-side actors, including corporates, organised in a way that can push for enabling policy conditions?

There is no fixed formula, but we do use a strategic framework to assess each of those pillars and figure out what is missing.

 

SIPET Connect: Could you share an example of how Tara puts this approach into practice, particularly where philanthropy has helped catalyse a new actor or coalition?

Aviva Imhof: One example is the Asia Clean Energy Coalition. Some corporates came to us and said they saw a clear gap. They needed a regional corporate alliance that could work collaboratively to push for better policy conditions for renewable energy, but they were not able to make it happen on their own.

From our perspective, that is exactly the kind of catalytic role philanthropy can play. We helped fund the initial scoping work, which was led by partners including WRI, RE100, and GWEC. That work looked at what kind of coalition infrastructure was needed, where the gaps were, and how a regional alliance could help fill them.

From there, a structure and governance model was developed, and we helped fund the first iteration of the coalition. That included staffing and national-level advisory support. The coalition is now moving toward becoming an independent entity headquartered in Singapore, with a governance structure that is representative of its membership.

Importantly, we have always seen philanthropy’s role here as catalytic, not permanent. Our position from the beginning has been that corporates also need to contribute and take ownership. Otherwise, it will not work in the long term.

 

SIPET Connect: In Southeast Asia and elsewhere, many energy markets still have entrenched interests, political bottlenecks, and institutional inertia. How do you think about that political economy challenge?

Aviva Imhof: It is an excellent question, and one that our country teams are dealing with every day.

I would say it has become somewhat easier to make the case for renewables because they are now cheaper than fossil fuels. And with the current turmoil in the Middle East, there is also a growing opportunity to frame renewables not just as cleaner and cheaper, but also as a source of energy security. If countries want secure energy that is not dependent on imported fossil fuels, then homegrown solar and wind are clearly part of the answer.

That does not mean the political economy barriers are gone. Entrenched interests remain a reality. Part of what we try to do is identify which actors are best placed to help shift the dynamic. That is one reason we place real value on corporate engagement. In many of the places where we work, corporates that are serious about renewable energy have been able to move things in ways that civil society alone cannot.

At the same time, in some countries the political will to transition is actually there, but you still have a kind of inertia in utilities and among planners who do not yet understand that intermittent renewables can be managed with storage, flexibility, and better system planning.

So another important role is providing technical support. That might mean helping energy ministries and utilities learn from countries that are already integrating larger shares of renewables. We have also supported organizations that can work hand in glove with government and utilities, to improve auction design, bankability, grid planning, and overall system readiness.

 

SIPET Connect: Could you share an example of where that kind of inside-game support has been useful?

Aviva Imhof: One example is the Philippines, where we have supported the Institute for Climate and Sustainable Cities (ICSC) over many years. They have built trusted relationships with the energy ministry over time, and they also work with former senior utility executives who understand the system from the inside.

That means they are able to engage directly on issues like renewable energy auctions, making sure that the rules are designed in a way that leads to bankable projects, and also on grid planning and system stability as renewable penetration increases.

That kind of support can be incredibly important, because sometimes the challenge is not opposition to renewables as such. It is simply that institutions are still operating with a 20th-century orthodoxy and need help understanding how a more flexible, modern system can work.

 

SIPET Connect: Beyond policy and institutional reform, have there been examples in the region where market or consumer behaviour has driven change more organically?

Aviva Imhof: Pakistan is a fascinating example because it shows what can happen through very grassroots action.

Because of a whole set of systemic issues in the power sector, very expensive electricity, unreliable supply, and broader market dysfunction, people essentially started taking matters into their own hands and buying solar panels off the market. Over the last few years, that has led to extraordinary growth in solar deployment. Based on the latest data, we estimate that cumulative solar panel imports into Pakistan are now upwards of 50 gigawatts.

One of our partners, Renewables First, has done really important work on this, including policy engagement and data analysis. Partners have helped ensure that import taxes on solar panels remain low and that net metering remains an option for consumers. Renewables First has helped track the growth of solar panels, including through satellite-based assessments with other organisations.

And the visual evidence is remarkable. We have seen footage from cities in remote areas where virtually every rooftop is covered in solar panels. It is an extraordinary reminder that decentralised, consumer-led action can transform an energy system when the economics are right, and when people are given room to respond.

 

SIPET Connect: Tara also talks about a just transition. From your perspective, what does that mean in practical terms?

Aviva Imhof: It is a term that can mean everything and nothing at the same time, because it gets used so often. But for us, it means making sure that the transition takes account of affordability, jobs, and community impacts.

In the context of coal phaseout, that means thinking seriously about how coal-dependent communities are supported—whether through retraining, just transition funding, or broader efforts to help local economies move in new directions.

But it is also about how renewable energy is deployed. If renewables are built in ways that damage local communities or natural ecosystems, then we will see backlash, and rightly so. We have seen that in other parts of the world. So we see it as central to our mission to try, as much as possible, to ensure that renewable energy projects are developed in ways that genuinely consider local impacts and, ideally, deliver local benefits.

There is also a distributive question. If generation costs are coming down, how does that translate into consumer prices? And if prices are still rising, what safeguards are there for poorer communities? These are all part of what a just transition needs to address.

 

SIPET Connect: Looking ahead, where do you see the biggest opportunities right now for strategic philanthropy to help accelerate clean energy adoption in Asia?

Aviva Imhof: I think one of the biggest opportunities right now is around distributed solar, especially in markets where consumers are exposed to high power prices and are actively looking for alternatives.

The current moment has created much more interest in solar. In places like the Philippines, we are seeing a real uptick in imports of solar panels and growing consumer interest. That tells us people want solutions, and they’re willing to take matters into their own hands where they can.

So what can philanthropy do? First, we can support efforts to lower the barriers. That includes things like temporary reductions in import taxes on solar panels, cutting red tape, and streamlining permitting.

In some places, the permitting process is still cumbersome. In the Philippines, for example, there are multiple permits required across different agencies, and that can take months. We have partners working to push for a much simpler process, including the idea of a one-stop online system, with much shorter approval periods.

Second, we need to look at financing. The payback period for rooftop solar can be very short, especially in high-price markets, but many people still cannot access the upfront capital. So there is a real opportunity to support the growth of financial models and fintech solutions that can help households and small businesses adopt solar more easily.

Third, there is a need for much more consumer-facing communication. People need to know what their options are, how much solar costs, how the installation process works, and where to go. That kind of practical public education is important for this to work.

Overall, I think things could change quite quickly over the next 6 to 12 months. The energy crisis has, in some ways, sped up the transition. And if we can unlock some of the smaller policy barriers, I think we could see much faster growth.

 

SIPET Connect: Finally, what gives you optimism at this moment?

Aviva Imhof: What gives me optimism is that the economics are increasingly undeniable, and that people are responding.

The Pakistan example is one illustration of that. The growth in distributed solar interest in places like the Philippines is another. Once people see that solar can provide cheaper, more reliable energy, they move quickly.

So while there are still major barriers, in the areas of policy, institutions, and finance, I do think there is a real sense that things are shifting. And that gives us a strong opportunity to be strategic, targeted, and catalytic in how we use philanthropic capital.

06-2026     |     ACE Partners - Asia Clean Energy Partners
Energy Transition
Southeast Asia Energy Outlook 2026

The Southeast Asia Energy Outlook 2026 is the seventh edition of this World Energy Outlook Special Report, making Southeast Asia by far the most regularly updated regional outlook compiled by the International Energy Agency (IEA). This reflects the dynamism of the region, as well as the importance of the IEA’s partnership with the eleven countries that make up the Association of Southeast Asian Nations (ASEAN) – Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic (Lao PDR), Malaysia, Myanmar, the Philippines, Singapore, Thailand, Timor-Leste (joined ASEAN in 2025) and Viet Nam.

As energy security concerns move ever higher on the policy agenda, this year’s report explores the trajectory that the region was on prior to the conflict in the Middle East, and discusses the potential implications of the energy crisis triggered by this conflict for policy priorities and investment strategies in the region.

06-2026     |     IEA - International Energy Agency
Energy Transition
The Unfolding Heat Crisis in Thailand and Southeast Asia: Challenges and Emerging Solutions

The report highlights the increasing risk and impact of heat stress and disseminates information on key regulatory and technical solutions and their practical application by institutions, cities, and governments to reduce its adverse effects. Drawing on international good practices, the report showcases comprehensive technical, institutional, and financial innovations, and proposes a detailed road map for a Heat Action Plan for Thailand. This road map prioritizes protecting vulnerable populations, mobilizing public and private finance, and accelerating coordinated cross-sectoral solutions to build an inclusive, evidence-based, and sustainable response.

06-2026     |     ADB - Asian Development Bank
Energy Transition
Energy Transition Review for Enhancing Co-operation: The Philippines’ power sector

This review has been prepared in collaboration with the Department of Energy (DOE) of the Philippines, the Economic Research Institute for the Association of Southeast Asian Nations (ASEAN) and East Asia (ERIA), and Japan’s Ministry of Economy, Trade and Industry (METI). It examines trends, supply and demand dynamics and the evolving regulatory environment. It also highlights key risks and vulnerabilities for the power sector arising from factors such as rising demand, reliance on imported fuels, the need for grid modernisation, access and affordability constraints, financing challenges and growing exposure to extreme weather events.

In alignment with priorities set out by the DOE of the Philippines, the report provides a detailed analysis of three key areas: the potential for nuclear power, for energy resilience and for grid modernisation in the Philippines.

06-2026     |     IEA - International Energy Agency
Energy Transition
ASEAN Interconnection Masterplan Study (AIMS) III Phase 3: Minimum Requirements for Multilateral Power Trade in ASEAN

The ASEAN Interconnection Masterplan Study (AIMS) III Phase 3 report on Minimum Requirements for Multilateral Power Trade in ASEAN outlines the core technical system, market arrangements, and institutional frameworks needed to make multilateral power trading under the ASEAN Power Grid (APG) a reality. As the first part of the four AIMS III Phase 3 reports, this report emphasises that strong governance, transparent market rules, and coordinated transmission systems are the necessary building blocks for a more connected, secure, and sustainable ASEAN energy future. The report was prepared by the ASEAN Centre for Energy (ACE), with the support of the United Nations Office for Project Services programme for Southeast Asia Energy Transition Partnership (ETP-UNOPS), Clean, Affordable and Secure Energy (CASE) for Southeast Asia, and United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), under the APG Advancement Program (APG-AP)

05-2026     |     Clean, Affordable and Secure Energy (CASE)