ASEAN REGION’S NET-ZERO CARBON EMISSIONS COMMITMENT As ASEAN seeks to achieve its net-zero journey, short-term opportunities will likely be delivered through energy efficiency, renewable technologies, biofuels, methane abatement, and natural gas bridging away from more polluting fossil fuel technologies. As we look to the future, ASEAN has remarkable opportunities in CCUS, continued adoption of renewable energy, and deepening use of biofuels. Energy Asia seeks to provide a platform to inform and energise the net-zero journey for nations across ASEAN and the world, creating a collaborative approach that enables stakeholders across the region to deliver pragmatic, actionable solutions towards a net-zero world.
NET ZERO TARGET FOR ASEAN COUNTRIES
•
Target towards net-zero GHG emissions by 2050. To reduce economic-wide carbon intensity against GDP by 45% by 2030, compared to 2005 levels.
• To achieve net-zero by 2050 as part of its Long-Term Low-Emissions Development Strategy. • To reduce its emissions to around 60 MtCO2e in 2030 with low-carbon power through ongoing power trading agreements. • To focus its efforts to meet the long-term goal of carbon neutrality by 2050, and net-zero GHG emissions by 2065. • To reduce GHG emissions by 30% by 2030 compared to a business-as-usual scenario, with a conditional target raised to 40% of emissions with relevant support. • Targeted net-zero emissions by 2050. Under the National Climate Change Strategy, the government aims to set a cap on total emissions of 185 MtCO2e in 2050. Vietnam’s NDCs are committed. • To reduce its emissions by 15.8% (unconditional) and by 43.5% (conditional) by 2030 compared to BAU. • Its net-zero target focuses on land use, land use change, and forestry (LULUCF) with the goal of achieving net- zero by this measure by 2040. • Its total emissions reductions contributions are 244.52 million tCO2e unconditionally, and a total of 414.75 million tCO2e, subject to conditions of international finance and technical support by 2030. • GHG emissions reduction and avoidance of 75% between 2020 and 2030, of which 2.71% is unconditional, for the sectors of agriculture, wastes, industry, transport, and energy. • In the power sector, the National Renewable Energy Program (NREP) sets out plans to power the grid with a 35% share of renewable energy by 2030, and 50% by 2040. It does not currently have a mandated net-zero target.
•
MALAYSIA
SINGAPORE
•
Target towards net-zero by 2050 through energy transition and forest preservation. Reducing GHG emissions by 20% relative to business-as-usual (BAU) levels by 2030.
•
BRUNEI DARUSSALAM
THAILAND
• •
Targeted a carbon-neutral economy by 2050. To decrease emissions by 41.7% by 2030, with half of that reduction in forest and land use (FOLU) and the rest largely focused on energy.
CAMBODIA
VIETNAM
•
To achieve net-zero by 2060, although a recent partnership with the Just Transition Alliance aims to deliver a more ambitious target of net- zero emissions for Indonesia by 2050. In 2022, to increase unconditional emissions reduction targets against BAU from 29% to 31.89%, and to 43.20% conditional on appropriate support. Target net-zero emissions by 2050, with a major focus on land use and low-carbon energy. Committed to unconditionally reduce its GHG emissions by 60% in 2030 compared to the BAU scenario.
•
MYANMAR
INDONESIA
•
•
THE PHILIPPINES
LAOS
Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry 50
Made with FlippingBook flipbook maker