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Opinion / #fossil fuels
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.
The 48th Asean Summit in Cebu closed last week vowing “just” energy transition yet fossil fuel dependence and “green extractivism” deepen inequalities.
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.
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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