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Opinion / #energy transition
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.
The global energy transition was once defined by energy security, affordability, and environmental sustainability. But a new era of geopolitical conflict has reshaped the energy trilemma, with national security the overriding priority.
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