The ASEAN Interconnector Study conducted by DNV delves into the critical aspects of decarbonization within the member states of the Association of South East Asian Nations (ASEAN). This comprehensive research explores how collaborative efforts across South East Asian countries can significantly reduce costs and accelerate the transition to cleaner energy sources.
Key insights:
- Cost reduction potential: By embracing a unified regional strategy, ASEAN countries have the opportunity to slash a staggering USD 800 billion from their decarbonization expenses. This approach involves cross-border power interconnectors, hydrogen networks, and energy storage infrastructure
- Net-zero emissions vision: The aspiration to achieve net-zero carbon emissions by 2050 is widely shared among ASEAN member states. However, most decarbonization efforts have so far been confined to individual nations.
- ASEAN power grid: The establishment of an ASEAN power grid aims to meet the region’s energy needs while enhancing energy security. It can facilitate the transport of clean energy from surplus countries to those facing shortages.
DNV Report: ASEAN Interconnector Study - Taking a regional approach to decarbonization
9.6 MB
