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Opinion / #energy
Energy shocks expose Asia Pacific's gas gamble, as plunging battery costs and flexible demand tools emerge as cheaper, more secure alternatives to ‘transition fuel’ liquified natural gas.
Malaysia's longstanding system of fossil fuel subsidies was built to stabilise prices, but these cannot hold up in prolonged crises of war, supply chain disruptions and volatile fuel markets.
Investors and governments are not short of money – they are trapped in a system that rewards transactions over transformation.
A system built on renewables introduces new risks, as critical bottlenecks shift to refining, processing, and mineral-supply chains.
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