section_path: Environment/Energy transition
section_name: Energy transition
paragraph_text: Energy transition
  
  The ASEAN has initiated its transition to cleaner energy sources. This transition is characterized as Demanding, Doable, and Dependent. With approximately 679 million inhabitants, the region is witnessing a substantial surge in energy demand, projected to triple by 2050. However, transitioning energy sources requires significant resources. Southeast Asia would need to invest US$27 billion annually in renewable energy to achieve the target of 23% renewables in the primary energy supply by 2025. Nevertheless, this goal is attainable with the implementation of appropriate policies.
  
  Vietnam serves as a compelling example of rapid adoption of solar and wind energy. Since 2019, Vietnam has emerged as a regional leader, with solar and wind energy accounting for 13% of its electricity mix in 2022, a remarkable increase from nearly zero in 2017. Though, the region requires international assistance to meet its net-zero emission targets. Phasing out coal remains a daunting task, although countries such as Indonesia and Vietnam have pledged to phasing out coal power by 2040s. Several high-profile leaders such as the head of the Indonesian national energy company PLN, Darmawan Prasodjo, have stated that the ASEAN Power Grid proposal is key to unlocking the potential for green energy in southeast Asia.