Will scaling biofuels in Southeast Asia make the region more resilient to oil shocks, or does it introduce new vulnerabilities? Structural risks must be addressed as biofuels take a larger share of the transport fuel mix.
The rapid uptake of alternative fuels in shipping is outpacing international liability regimes – leaving gaps in protection against spills and accidents.
Given its rich agriculture resources, biofuel will be vital for the region's net-zero plans. Solving the feedstock crunch is necessary to meet market demands, which requires careful planning and a supply chain strategy.
As extreme weather events intensify, so too will the political siege on the fossil fuel industry, and rightfully so. But Daniel Litvin warns that an unthinking backlash on Big Oil could have perverse effects for the global energy transition.