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The Pan‑Asia Power Grid Initiative (PAGI) is designed to stitch together existing blocs, like the Asean Power Grid and South Asian grid projects. But civil society groups warn that the bank’s grand regional vision sits uneasily with its continued backing for fossil fuels.
The new tool gives policymakers, utilities and financiers a transparent, technically robust way to see what an integrated Asean Power Grid would look like in practice, before they spend billions on concrete and cables, suggested climate tech nonprofit TransitionZero.
Industry groups say Marcos, Jr’s remarks reflect a “growing recognition of urgent realities" facing the region at a time of heightened geopolitical uncertainty, energy price volatility, and growing climate risks.
As Thailand advances its EV ambitions, a looming surge in spent batteries highlights regulatory gaps and environmental risks – underscoring the need for robust recycling systems and regional cooperation.
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