ASEAN needs 29.4 trillion USD for energy transition

September 06, 2023 | 15:13

(0) user say

ASEAN member countries need 29.4 trillion USD for energy transition process, Indonesian President Joko Widodo has said.

ASEAN needs 29.4 trillion USD for energy transition | ASEAN | Vietnam+ (VietnamPlus)

Indonesian President Joko Widodo (Photo: VNA/AFP)

Jakarta – ASEAN member countries need 29.4 trillion USD for energy transition process, Indonesian President Joko Widodo has said.

Speaking at the ASEAN Summit on September 5, President Widodo said the energy transition process should unlock potential through financial cooperation with partners to build a stable financial environment and generate profits for all parties involved, thus laying a foundation to achieve energy transition goals in the near future.

In addition to energy transition topic, he also mentioned two other initiatives, including green infrastructure to ensure a robust supply chain and digital transformation in combination with the creative economy.

He predicted that by 2030, ASEAN's digital economy will reach 1 trillion USD.

The bloc has so far approved 93 cooperation projects worth 38.2 billion USD, 73 of them valued at 17.8 billion USD will be launched soon.

Thailand’s inflation lowest in ASEAN

Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates, with inflation for the whole year expected to range between 1per cent and 2per cent, according to Poonpong Naiyanapakorn, director of the Commerce Ministry’s Trade Policy and Strategy Office.

Indonesia urges ASEAN to jointly fight cross-border crimes

Indonesian President Joko Widodo has called on member countries of the Association of Southeast Asian Nations (ASEAN) to cooperate together in the fight against cross-border crimes.

India’s ASEAN deal upgrade offers new opportunities

An upgrade for a free trade deal between ASEAN and India is set to increase both countries’ trade turnover, as well as Indian investment into the Southeast Asian market.

By VNA

en.vietnamplus.vn

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional