The World Economic Forum launched a new community to help deliver a Just Energy Transition in ASEAN. This community is co-chaired by CEOs from SCG and PETRONAS with the objective to drive decarbonization efforts that are pragmatic and fair.
The 2023 World Economic Forum meeting in Davos, Switzerland marked the inaugural meeting of the ASEAN Leaders for Just Energy Transition. Mr. Roongrote Rangsiyopash, President and Chief Executive Officer, SCG and Mr. Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS are the Co-Chairs to drive activities for the region’s energy transition.
Mr. Roongrote Rangsiyopash, President and Chief Executive Officer, SCG, said, “This community gathers Southeast Asia’s most ambitious, impact-oriented companies across sectors such as energy, finance, agribusiness, materials, infrastructure, and mobility to strengthen the intra-regional and international public-private cooperation and drive the actions required to accelerate a just and inclusive energy transition”
Southeast Asia has current population of 680 million people with rapid economic growth. Recent trends have been observed that fossil fuel use is growing rapidly and renewables are more than doubling. Although many countries have increased their energy and climate policy ambitions to achieve carbon neutrality and curbing reliance on coal-fire power, the COVID-19 pandemic and the global energy crisis are jeopardizing the pace of the energy transition.
“With global consensus towards net zero by 2050, countries must find their unique energy transition pathway. Aside from prompt actions, public-private, regional and international cooperation will be essential to securing a prosperous and just energy future for the region” said Roongrote Rangsiyopash.
Mr. Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS, said “as a progressive energy and solution provider operating in the heart of ASEAN, it has become abundantly clear that the energy transition will pose daunting challenges for the region. At the same time, we also recognize the transition offers immense opportunities as we push forward for collective progress. The ASEAN Leaders for Just Energy Transition community aims to bring together committed and like-minded stakeholders from both public and private sectors to act in a coordinated and pragmatic manner, with the objective of enabling energy transition pathways that are just and responsible. We are all part of the same engine serving the energy needs for our countries and region to prosper – and we will continue to do so through collaboration as the cornerstone of our endeavours.”
The ASEAN’s Leaders for Just Energy Transition will leverage the Forum’s global public-private cooperation platform to shape, tailor, and drive the execution of relevant initiatives in Southeast Asia, adopting relevant global initiatives. It will also enable sharing insights and perspectives regarding Southeast Asia’s energy transition, and engage in cross-industry, cross-regional dialogues with public sector figures, policymakers, industry associations, and other relevant industry players from the region and the world. Its goal is to help accelerate ASEAN countries’ just energy transition.
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Published on: Feb 3, 2023