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ASEAN needs 29.4 trillion USD for energy transition

ASEAN member countries need 29.4 trillion USD for energy transition process, Indonesian President Joko Widodo has said.
ASEAN needs 29.4 trillion USD for energy transition ảnh 1Indonesian President Joko Widodo (Photo: AFP)

Jakarta (VNA) – ASEAN member countriesneed 29.4 trillion USD for energy transition process, Indonesian President Joko Widodo has said.

Speaking at the ASEAN Summit on September 5,President Widodo said the energy transition process should unlock potential throughfinancial cooperation with partners to build a stable financial environment andgenerate profits for all parties involved, thus laying a foundation to achieveenergy transition goals in the near future.

In addition to energy transition topic, healso mentioned two other initiatives, including green infrastructure to ensurea robust supply chain and digital transformation in combination with thecreative economy.

He predicted that by 2030, ASEAN's digitaleconomy will reach 1 trillion USD.

The bloc has so far approved 93 cooperationprojects worth 38.2 billion USD, 73 of them valued at 17.8 billion USD will belaunched soon./.

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