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Opinion / #ASEAN
The 48th Asean Summit in Cebu closed last week vowing “just” energy transition yet fossil fuel dependence and “green extractivism” deepen inequalities.
The World Bank has made a volte-face on industrial policy. Southeast Asian countries will need to consider the new policy, but calibrate it across vastly different national contexts.
A system built on renewables introduces new risks, as critical bottlenecks shift to refining, processing, and mineral-supply chains.
Vietnam has limited room for manoeuvre on the energy front as supply tightens, but is proactively playing the hand it has been dealt.
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