ASEAN Leaders for Just Energy Transition Shared Aspirations Statement

The ASEAN Leaders for Just Energy Transition (ASEAN JET), a CEO-led community facilitated by the World Economic Forum, identifies the need to balance equity, security, and sustainability in the region's energy shift. While noting progress in policy frameworks in Indonesia, Malaysia, and Viet Nam, the group highlights critical gaps in clean energy financing, infrastructure, and policy clarity. The statement calls for a fivefold increase in clean energy financing by 2030 and emphasizes the need for regional collaboration on grid interconnection, carbon management, and workforce reskilling to ensure a just transition.

• The ASEAN region is the world's fourth-largest energy consumer, with energy demand and carbon emissions both growing at an average rate of 3% annually over the last two decades.
• Despite net-zero commitments by 2050 from nine out of ten ASEAN member states, current Nationally Determined Contribution (NDC) targets and policies suggest emissions will increase in the coming decades.
• The ASEAN JET community defines a 'just energy transition' using a triangle framework consisting of equity (affordable access and inclusive transition), security (reliable supply and resilient infrastructure), and sustainability (environmental preservation and lower emissions footprint).
• Recent regional successes include Indonesia's National Energy Policy, Malaysia's National Energy Transition Roadmap, Viet Nam's rapid solar capacity expansion, and Singapore's funding for green technology and finance.
• Clean energy financing in ASEAN must increase fivefold by 2030 to meet the International Energy Agency's sustainable development scenario, representing a significant investment gap.
• Critical infrastructure gaps exist in power grids, gas/LNG, and electric vehicle (EV) charging, with a specific need for cross-border grid infrastructure to integrate regional markets.
• Policy and governance hurdles hindering the transition include significant energy and fuel subsidies, a lack of effective carbon pricing, and unclear regulations regarding open access for power transmission and distribution.
• The transition poses risks to job security in hard-to-abate sectors, necessitating coordinated government and industry efforts for reskilling and re-employment programmes.

APA

World Economic Forum (2024). ASEAN Leaders for Just Energy Transition Shared Aspirations Statement. https://www3.weforum.org/docs/WEF_ASEAN_Leaders_for_Just_Energy_Transition_2024.pdf

Chicago

World Economic Forum. ASEAN Leaders for Just Energy Transition Shared Aspirations Statement. 2024. https://www3.weforum.org/docs/WEF_ASEAN_Leaders_for_Just_Energy_Transition_2024.pdf.

Wikipedia

{{cite press release |author=World Economic Forum |title=ASEAN Leaders for Just Energy Transition Shared Aspirations Statement |date=January 2024 |url=https://www3.weforum.org/docs/WEF_ASEAN_Leaders_for_Just_Energy_Transition_2024.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{worldeconomicforum2024asean, author = {{World Economic Forum}}, title = {{ASEAN Leaders for Just Energy Transition Shared Aspirations Statement}}, publisher = {World Economic Forum}, year = {2024}, month = jan, url = {https://www3.weforum.org/docs/WEF_ASEAN_Leaders_for_Just_Energy_Transition_2024.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }