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If ASEAN is to carve out a sustainable growth path, it will need to radically transform its energy system. Continuing to rely on its existing legacy systems will be insufficient.
ASEAN is a region of incredible potential, with enviable resources and capabilities. However, significant energy system challenges persist, and a business-as-usual approach to energy system development is not an option. The region should proactively tackle its energy “trilemma” of affordability, security and sustainability by developing the critical applications that can support the development of a truly 21st century energy system –an ASEAN way to energy system development that will benefit generations to come.
Federal bank equivalent for energy policy: Move decision making on energy systems to the realm of cross-/non- party experts, above the political fray, to support long-term energy system development.
Government-led research development and demonstration: Stimulate development of an adequate portfolio of new energy technologies at scale.
Smarter cities: Deploy smart data-led technology and infrastructure to support the efficient expansion of urban environments.
Clean coal: Deploy clean coal technologies to support the sustainable expansion of coal use.
Smart subsidy: Remove market distortions while maintaining benefits to those most in need through tax breaks and social security mechanisms.
Continentalization: Use a continental approach to energy system development that binds together supply and markets across national boundaries.
Cross-sector convergence: Focus on taking advantage of the breakdown of traditional industry boundaries to develop new energy champions.
Energy literacy initiatives: Develop an energy literate population to help support supply-side developments and encourage demand-side behavioral changes.
March 7, 2014
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