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The Indonesian Ministry of Energy and Mineral Resources on April 5 organised a conference to promote a multilateral power trading system in the Association of Southeast Asian Nations (ASEAN) to support energy security in the region.
Illustrative image (Photo source: AFP/VNA)
Jakarta – The Indonesian Ministry of Energy and Mineral Resources on April 5 organised a conference to promote a multilateral power trading system in the Association of Southeast Asian Nations (ASEAN) to support energy security in the region.
Addressing the event, Indonesian Minister Arifin Tasrif affirmed that energy security and sustainability are becoming increasingly important in ASEAN countries due to rising global energy prices and this is also the driving force to tackle climate change.
To meet the growing electricity demand while pursuing the goal of reducing greenhouse gas (GHG) emissions in ASEAN, it is necessary to invest more in generating power from renewable energy and expansion of the power system, Arifin said, highlighting the importance of building a multilateral power trading system within ASEAN, known as the ASEAN Power Grid (APG).
Sharing the same view, Director of the Economic Research Institute for ASEAN and East Asia (ERIA) Prof. Hidetoshi Nishimura said that APG is an important project to ASEAN. Therefore, the institute is focusing research on a high-level inter-governmental agreement among the ASEAN member states.
ASEAN supports companies to utlise QR code purchasing across region
Chairman of the ASEAN Business Advisory Council (ASEAN-BAC) Arsjad Rasjid, who is also Chairman of the Indonesian Chamber of Commerce and Industry (KADIN), on April 3 said that ASEAN-BAC will support micro-, small-, and medium-sized enterprises (MSMEs) in the region to implement QRcodeASEAN initiative.
ASEAN needs 29.4 trillion USD for energy transition to renewables
Indonesian Energy Minister Arifin Tasrif has said that ASEAN countries need accessible low-carbon technologies and low-interest financing from multiple sources to achieve their net-zero targets.
ASEAN members to promote EV ecosystem development
Several agreements will be sealed during the 42nd Association of Southeast Asian Nations (ASEAN) Summit in May this year, including the one on the development of electric vehicle (EV) ecosystem, according to Indonesian Foreign Affairs Minister Retno Marsudi.
By VNA
