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Energy Transition: Prospect And Challenges At Asean Plus Three Countries

Author

Listed:
  • Arnita Rishanty

    (Bank Indonesia)

  • Maxensius Tri Sambodo

    (Indonesian Institute of Sciences)

  • Donni Fajar Anugrah

    (Bank Indonesia)

  • Retno Puspita K. Wicaksono

    (Bank Indonesia)

Abstract

The energy transition is an important process to tackle the climate crisis due to the rapid increase of carbon emissions. This study aims to measure to what extent the transition of energy- related CO2 emissions from several dimensions, namely the country’s energy mix, energy self-sufficiency, energy security, sustainability, and affordability. This study contributes to the conduct of quadrant analysis of transition matrix for ASEAN plus three countries to map the dynamics of the transition in those countries. This study makes a comparison, not only in Indonesia, but also between ASEAN plus three countries (Japan, China, and South Korea). We find that economic activity has the greatest influence on the increase in CO2 emissions and that the efficiency and diversity categories may run asymmetrically. Based on the discussion with experts, Indonesia has a huge potential of renewable energy, yet the utilization is considerably low. It is also indicated that transition risks are associated with financing problems, fossil subsidies, geography, huma n capacity, excess fossil energy capacity, and financial resilience of state enterprises.

Suggested Citation

  • Arnita Rishanty & Maxensius Tri Sambodo & Donni Fajar Anugrah & Retno Puspita K. Wicaksono, 2022. "Energy Transition: Prospect And Challenges At Asean Plus Three Countries," Working Papers WP/08/2022, Bank Indonesia.
    • Handle: RePEc:idn:wpaper:wp082022
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    File URL: http://publication-bi.org/repec/idn/wpaper/WP082022.pdf
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    More about this item

    Keywords

    Energy Transition; ASEAN; renewable energy; transition matrix;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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