IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i2p758-d480279.html
   My bibliography  Save this article

Green Technological Development and Deployment in the Association of Southeast Asian Economies (ASEAN)—At Crossroads or Roundabout?

Author

Listed:
  • Rabindra Nepal

    (Faculty of Business and Law, School of Business, University of Wollongong, Wollongong, NSW 2522, Australia)

  • Han Phoumin

    (Economic Research Institute for ASEAN an East Asia (ERIA), Senayan Jakarta Pusat 10270, Indonesia)

  • Abiral Khatri

    (Department of Business-Society Management, Rotterdam School of Management, Erasmus University Rotterdam, 3062 PA Rotterdam, The Netherlands)

Abstract

Southeast Asia faces one of the fastest growths in electricity demand in the world, driven by increasing incomes, urbanization and industrialization. Development and deployment of green energy technologies offer a natural conduit to meet the growing electricity needs of the Association of Southeast Asian Economies (ASEAN) region while also serving as a viable strategy to adapt to climate change. The aim of this study is to formulate the policy lessons for the ASEAN economies and governments in facilitating the development and deployment of green technologies and alternatives energy options based on a specific case review of the ASEAN. The ASEAN economic region is prioritizing sustainable economic growth while minimizing the regional impacts of climate change through decarbonization. The study undertakes a case-specific analysis in reviewing green energy deployment in the context of green growth and energy transition using secondary data sources and discusses the current status and future options of renewable energy development in the ASEAN. We find that carbon capture and storage (CCS) technologies will allow the ASEAN to continue to use fossil fuels while achieving sustainable economic growth as coal demand increases in the region. The deployment of CCS technologies will also act as an enabler of hydrogen energy as a green energy solution in the region in the longer term. Boosting public acceptance to nuclear energy, implementing energy efficiency improvement policies and eliminating fossil fuels consumption subsidies are feasible short-term and medium-term policies. Increasing both the public and private sector energy investments and development of CCS technologies in the longer term are necessary complementary policies to maximize the benefits of greater deployment of renewable energy sources in the region and combat climate change.

Suggested Citation

  • Rabindra Nepal & Han Phoumin & Abiral Khatri, 2021. "Green Technological Development and Deployment in the Association of Southeast Asian Economies (ASEAN)—At Crossroads or Roundabout?," Sustainability, MDPI, vol. 13(2), pages 1-19, January.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:2:p:758-:d:480279
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/2/758/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/2/758/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Shi, Xunpeng, 2016. "The future of ASEAN energy mix: A SWOT analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 672-680.
    2. Edward Halawa & Geoffrey James & Xunpeng (Roc) Shi & Novieta H. Sari & Rabindra Nepal, 2018. "The Prospect for an Australian–Asian Power Grid: A Critical Appraisal," Energies, MDPI, vol. 11(1), pages 1-23, January.
    3. Nepal, Rabindra & Jamasb, Tooraj, 2015. "Caught between theory and practice: Government, market, and regulatory failure in electricity sector reforms," Economic Analysis and Policy, Elsevier, vol. 46(C), pages 16-24.
    4. David Raitzer & Francesco Bosello & Massimo Tavoni & Carlo Orecchia & Giacomo Marangoni & Jindra G. Samson, 2017. "Southeast Asia and the Economics of Global Climate Stabilization - Report," Working Papers id:11815, eSocialSciences.
    5. Singh, Anoop & Jamasb, Tooraj & Nepal, Rabindra & Toman, Michael, 2018. "Electricity cooperation in South Asia: Barriers to cross-border trade," Energy Policy, Elsevier, vol. 120(C), pages 741-748.
    6. Bo Li & Victor Nian & Xunpeng Shi & Hailong Li & Augustin Boey, 2020. "Perspectives of energy transitions in East and Southeast Asia," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 9(1), January.
    7. Nian, Victor & Chou, S.K., 2014. "The state of nuclear power two years after Fukushima – The ASEAN perspective," Applied Energy, Elsevier, vol. 136(C), pages 838-848.
    8. Lee, Duk Hee & Park, Sang Yong & Hong, Jong Chul & Choi, Sang Jin & Kim, Jong Wook, 2013. "Analysis of the energy and environmental effects of green car deployment by an integrating energy system model with a forecasting model," Applied Energy, Elsevier, vol. 103(C), pages 306-316.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shi, Ruoying & Zhou, Hengyi & Li, Xiangqian & Miao, Xue'er & Zhao, Xing, 2024. "Green finance, investor preferences, and corporate green innovation," Finance Research Letters, Elsevier, vol. 66(C).
    2. Lv, Chengchao & Bian, Baocheng & Lee, Chien-Chiang & He, Zhiwen, 2021. "Regional gap and the trend of green finance development in China," Energy Economics, Elsevier, vol. 102(C).
    3. Wan, Jiaxin & Ma, Wanrong & Mao, Chunxiao, 2024. "Navigating economic and legal compliance in digital resource management: Technological Pathways to sustainability with digital government," Resources Policy, Elsevier, vol. 95(C).
    4. Sun, Xialing & Meng, Zheng & Zhang, Xuchao & Wu, Jiaxi, 2025. "The role of institutional quality in the nexus between green financing and sustainable development," Research in International Business and Finance, Elsevier, vol. 73(PA).
    5. Tran Ngoc Mai, 2023. "Renewable Energy, GDP (Gross Domestic Product), FDI (Foreign Direct Investment) and CO2 Emissions in Southeast Asia Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 284-289, March.
    6. Yiming, Wang & Xun, Liu & Umair, Muhammad & Aizhan, Assilova, 2024. "COVID-19 and the transformation of emerging economies: Financialization, green bonds, and stock market volatility," Resources Policy, Elsevier, vol. 92(C).
    7. Han Phoumin & Fukunari Kimura & Jun Arima, 2021. "ASEAN’s Energy Transition towards Cleaner Energy System: Energy Modelling Scenarios and Policy Implications," Sustainability, MDPI, vol. 13(5), pages 1-29, March.
    8. Hu, Bangyong & Peng, Nianjiao & Zhu, Guoping, 2024. "Sustainable finance in natural resource extraction: Navigating green recovery pathways," Resources Policy, Elsevier, vol. 96(C).
    9. Hammed Oluwaseyi Musibau & Maria Belen Yanotti & Joaquin Vespignani & Rabindra Nepal, 2024. "Environmental Performance and Economic Growth in the West African Economies," CAMA Working Papers 2024-75, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    10. Masahito AMBASHI & Fusanori IWASAKI, 2024. "Climate Change−Energy Security Nexus in ASEAN: Quantitative text analysis using energy ministerial meeting statements," Discussion papers 24078, Research Institute of Economy, Trade and Industry (RIETI).
    11. Sun, Suchao & Xing, Tiancai & Fan, Dong, 2024. "Supporting investment on long-term funding to maximize the effect of efficient use of natural resources," Resources Policy, Elsevier, vol. 90(C).
    12. Raquel Balanay & Anthony Halog, 2024. "Bioenergy updates and prospects for decarbonization in the ASEAN region: A review on logistical concerns and potential solutions," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 13(1), January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bo Li & Victor Nian & Xunpeng Shi & Hailong Li & Augustin Boey, 2020. "Perspectives of energy transitions in East and Southeast Asia," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 9(1), January.
    2. Hasan, Mudassar & Arif, Muhammad & Naeem, Muhammad Abubakr & Ngo, Quang-Thanh & Taghizadeh–Hesary, Farhad, 2021. "Time-frequency connectedness between Asian electricity sectors," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 208-224.
    3. Diaz-Rainey, Ivan & Tulloch, Daniel J. & Ahmed, Iftekhar & McCarten, Matthew & Taghizadeh-Hesary, Farhad, 2021. "An Energy Policy for ASEAN? Lessons from the EU Experience on Energy Integration, Security, and Decarbonization," ADBI Working Papers 1217, Asian Development Bank Institute.
    4. Asantewaa, Adwoa & Jamasb, Tooraj & Llorca, Manuel, 2022. "Reforming Small Electricity Systems: Market Design and Competition," Working Papers 12-2022, Copenhagen Business School, Department of Economics.
    5. Daniel del Barrio Alvarez & Masahiro Sugiyama, 2020. "A SWOT Analysis of Utility-Scale Solar in Myanmar," Energies, MDPI, vol. 13(4), pages 1-17, February.
    6. Nian, Victor & Mignacca, Benito & Locatelli, Giorgio, 2022. "Policies toward net-zero: Benchmarking the economic competitiveness of nuclear against wind and solar energy," Applied Energy, Elsevier, vol. 320(C).
    7. Nepal, Rabindra & Sofe, Ronald & Jamasb, Tooraj & Ramiah, Vikash, 2023. "Independent power producers and deregulation in an island based small electricity system: The case of Papua New Guinea," Energy Policy, Elsevier, vol. 172(C).
    8. Haque, H.M. Enamul & Dhakal, Shobhakar & Mostafa, S.M.G., 2020. "An assessment of opportunities and challenges for cross-border electricity trade for Bangladesh using SWOT-AHP approach," Energy Policy, Elsevier, vol. 137(C).
    9. Asantewaa, Adwoa & Jamasb, Tooraj & Llorca, Manuel, 2023. "Electricity sector reforms and cost efficiency: The case of small electricity systems in Sub-Sahara Africa," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 880-893.
    10. Tang, Shengwen & Chen, Jingtao & Sun, Peigui & Li, Yang & Yu, Peng & Chen, E., 2019. "Current and future hydropower development in Southeast Asia countries (Malaysia, Indonesia, Thailand and Myanmar)," Energy Policy, Elsevier, vol. 129(C), pages 239-249.
    11. Ravago, Majah-Leah V. & Fabella, Raul V. & Jandoc, Karl Robert L. & Frias, Renzi G. & Magadia, J. Kathleen P., 2021. "Gauging the market potential for natural gas among Philippine manufacturing firms," Energy, Elsevier, vol. 237(C).
    12. Wang, Yubao & Zhen, Junjie, 2024. "Regional electricity cooperation model for cost-effective electricity management with an emphasis on economic efficiency," Energy Policy, Elsevier, vol. 195(C).
    13. Do, Hung Xuan & Nepal, Rabindra & Jamasb, Tooraj, 2020. "Electricity market integration, decarbonisation and security of supply: Dynamic volatility connectedness in the Irish and Great Britain markets," Energy Economics, Elsevier, vol. 92(C).
    14. Zhong, Liang & Lin, Yongpeng & Yang, Peng & Liu, Xiaosheng & He, Yuanrong & Xie, Zhiying & Yu, Peng, 2024. "Quantifying the inequality of urban electric power consumption and its evolutionary drivers in countries along the belt and road: Insights from satellite perspective," Energy, Elsevier, vol. 312(C).
    15. Xiuqiang He & Hua Geng & Geng Yang & Xin Zou, 2018. "Coordinated Control for Large-Scale Wind Farms with LCC-HVDC Integration," Energies, MDPI, vol. 11(9), pages 1-19, August.
    16. Khan, Muhammad T. & Thopil, George Alex & Lalk, Jorg, 2016. "Review of proposals for practical power sector restructuring and reforms in a dynamic electricity supply industry," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 326-335.
    17. Tooraj Jamasb & Rabindra Nepal & Govinda Timilsina & Michael Toman, 2014. "Energy Sector Reform, Economic Efficiency and Poverty Reduction," Discussion Papers Series 529, School of Economics, University of Queensland, Australia.
    18. Kowalska-Pyzalska, Anna & Kott, Joanna & Kott, Marek, 2020. "Why Polish market of alternative fuel vehicles (AFVs) is the smallest in Europe? SWOT analysis of opportunities and threats," Renewable and Sustainable Energy Reviews, Elsevier, vol. 133(C).
    19. Chen, Xi & Wang, Chengfu & Wu, Qiuwei & Dong, Xiaoming & Yang, Ming & He, Suoying & Liang, Jun, 2020. "Optimal operation of integrated energy system considering dynamic heat-gas characteristics and uncertain wind power," Energy, Elsevier, vol. 198(C).
    20. Zhang, Dandan & Shi, Xunpeng & Sheng, Yu, 2015. "Comprehensive measurement of energy market integration in East Asia: An application of dynamic principal component analysis," Energy Economics, Elsevier, vol. 52(PB), pages 299-305.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:2:p:758-:d:480279. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.