Southeast Asia Energy Outlook 2024
About this report
The Southeast Asia Energy Outlook 2024 is the sixth edition of this World Energy Outlook Special Report, making Southeast Asia by far the most regularly updated regional outlook compiled by the International Energy Agency (IEA). This reflects the dynamism of the region, as well as the importance of the IEA’s partnership with the ten countries that make up the Association of Southeast Asian Nations (ASEAN) – Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic (Lao PDR), Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam.
The relationship between the Agency and this region is being further strengthened in October 2024 with the opening in Singapore of an IEA Regional Cooperation Centre during the Singapore International Energy Week (alongside the release of this report). This is the first IEA office outside its Paris headquarters.
The report starts with a scene-setting discussion in the first chapter. The second chapter describes the IEA scenario projections for Southeast Asia to 2050 across all fuels and technologies, based on the scenarios in the IEA’s World Energy Outlook, and considers their broad implications for energy security, affordability and emissions. The third chapter analyses three key areas in depth. It explores what the outcomes of the COP 28 meeting in Dubai (2023) mean for Southeast Asia, notably regarding the global targets to triple renewable capacity by 2030, double the pace of energy efficiency improvement, and significantly reduce methane emissions. It also examines some emerging issues for clean energy transitions for electricity security and clean energy supply chains, and concludes with a discussion on how to scale up investment and finance in line with the region’s energy and climate goals.