Malaysia Urges ASEAN Unity For Fair, Inclusive Energy Transition
GENERAL
KUALA LUMPUR, May 26 (Bernama) -- Malaysia, as ASEAN Chair for 2025, has called on member states to step up regional cooperation to drive a fair, secure and inclusive energy transition, in line with climate goals and the region's growing energy demand.
Deputy Prime Minister Datuk Seri Fadillah Yusof said the region's energy future must be grounded in unity, practical frameworks and mutual benefits.
'As Chair of ASEAN in 2025, Malaysia is deeply committed to promoting dialogue, building consensus and advancing regional frameworks that will power a cleaner, more secure and more inclusive energy future,' he said.
He said this in his keynote address at the Energy Transition Meeting in ASEAN: Fostering Regional Cooperation organised by MyDigital here today.
Fadillah, who is also the Minister of Energy Transition and Water Transformation, said ASEAN's energy demand has been growing faster than the global average, at three per cent annually, and is projected to rise by more than 60 per cent by 2040, presenting both opportunities and challenges.
"This growth, while reflective of our economic dynamism, presents us with a pressing dilemma: how do we continue powering our progress while safeguarding environmental sustainability and ensuring affordability for all?
'The answer lies in a managed, inclusive and well-coordinated energy transition, one that reflects the diversity of ASEAN while advancing a common vision,' he said.
He highlighted ASEAN's progress under the ASEAN Plan of Action for Energy Cooperation (APAEC) Phase II, noting that renewable energy now makes up 34 per cent of installed electricity capacity, though its share in total primary energy supply remains at 16 per cent.
'Vietnam has rapidly expanded its solar capacity by more than 20GW since 2019; Indonesia is anchoring a Just Energy Transition Partnership to transition to cleaner energy sources with at least USD20 billion of support; (and) Thailand has adopted a Bio-Circular-Green Economy model to align sustainability with productivity,' he said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
4 hours ago
- The Star
Ringgit likely to trade within RM4.22-RM4.23 against greenback next week
KUALA LUMPUR: The ringgit is likely to trade around RM4.22 to RM4.23 next week, said an analyst. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that next week multiple United States (US) economic data will be out, namely the US Consumer Price Index (CPI) and Producer Price Index (PPI) for the month of May which plays a key role in shaping the market. "While the data might show deceleration in inflation rate, the US Federal Reserve is likely to stay cautious as it is wary about the potential inflationary pressures arising from the tariff shocks. "Already, responses from the US Institute for Supply Management (ISM) Index survey indicated that businesses have become more pessimistic as the higher tariffs have affected the supply chains and resulted in higher operating costs,' he told Bernama. The ringgit ended the week higher against the US dollar, closing at 4.2270/2360 on Friday from 4.2530/2605 a week earlier. The local note traded mostly higher against a basket of major currencies. The ringgit rose vis-à-vis the Japanese yen to 2.9324/9390 from 2.9531/9585 and inched higher against the British pound to 5.7212/7334 from 5.7284/7385 a week earlier. However, it depreciated versus the euro to 4.8268/8371 at Friday's close from 4.8169/8254 at the end of last week. The ringgit traded mostly higher against ASEAN currencies. The local note improved against the Singapore dollar to 3.2862/2934 on Friday from 3.2938/3002 the previous week, edged higher versus the Indonesian rupiah to 259.5/260.2 from 260.4/261.1 and stronger vis-a-vis the Philippine peso to 7.58/7.60 from 7.62/7.64 a week before, However, it weakened versus the Thai baht to 12.9599/9947 from 12.9507/9790 last week. - Bernama


The Star
9 hours ago
- The Star
Indonesia's FM calls for stronger Asean mechanisms after Vision 2045 adoption
JAKARTA/MANILA (Bernama): Indonesia's Foreign Minister Sugiono has called for strengthening Asean's institutional mechanisms, including its diplomatic corps and central bodies, to effectively implement the Asean Community Vision 2045 adopted at last month's summit in Kuala Lumpur. At a meeting with the Committee of Permanent Representatives to Asean (CPR) and Timor-Leste's Ambassador to Asean at the Foreign Ministry here, he praised the progress achieved through Asean's cooperation frameworks, especially after the adoption of the Asean Community Vision (ACV) 2045. He said the long-term vision, adopted at the 46th Asean Summit in Kuala Lumpur last month, outlines a strategic roadmap for the next two decades, envisaging a resilient, innovative, dynamic and people-centred Asean. "We need to strengthen Asean mechanisms, including the CPR, and bolster the Asean Secretariat and Asean Headquarters in Jakarta to optimise our potential in addressing challenges within the region and globally,' he said. Sugiono also underscored the CPR's role in fostering community building, facilitating cross-pillar coordination, and engaging with Asean's external partners, as it is essential to achieving the goals of ACV. He further welcomed Timor-Leste's upcoming accession as Asean's eleventh member state later this year. - Bernama


New Straits Times
10 hours ago
- New Straits Times
Thailand, Cambodia reinforcing troops on disputed border after May skirmish
BANGKOK: Thailand has reinforced its military presence along a disputed border with Cambodia, following an increase in troops on the other side, Thailand's defence minister said on Saturday. Tensions between the two countries have been simmering since a Cambodian soldier was killed on May 28 in a brief conflict in an undemarcated border area. For days, the two governments have been exchanging carefully worded statements committing to dialogue. But Phumtham Wechayachai, who also serves as Thailand's deputy prime minister, said Cambodia had rejected proposals in bilateral talks held on Thursday that could have led to a de-escalation. "Furthermore, there has been a reinforcement of military presence, which has exacerbated tensions along the border," Phumtham said in a statement. "Consequently, the Royal Thai Government has deemed it necessary to implement additional measures and to reinforce our military posture accordingly." He did not provide details on the extent of reinforcements by either side. In a separate statement on Saturday, the Thai army said Cambodian soldiers and civilians had repeatedly made incursions into Thailand's territory. "These provocations, and the build-up of military forces, indicate a clear intent to use force," the Thai army said, adding that it would take control of all Thai checkpoints along the border with Cambodia. Although border checkpoints between the two countries remain open, they may gradually become more restrictive, ranging from earlier closing times to complete closures, depending on security assessments in each area, Thai army spokesperson Winthai Suvaree said. Thailand currently operates 17 official border crossings with Cambodia, spanning seven provinces along their shared 817km frontier, government data shows. A spokesperson for Cambodia's Foreign Ministry did not immediately respond to questions from Reuters on the Thai army's announcement. "This is our stance, not to initiate conflict, but to defend ourselves," Cambodian Prime Minister Hun Manet said in speech earlier on Saturday. "Our guiding principles are ... respect for international legal frameworks. These grounded strategies are key to safeguarding our nation's sovereignty," he said, adding that its armed forces were ready to defend against aggression. Thailand remains committed to pursuing bilateral dialogue as a means to restore stability, a spokesperson for the Ministry of Foreign Affairs said on Saturday. "The Thai side reaffirms its readiness to engage through established bilateral mechanisms, particularly the upcoming meeting of the Thailand-Cambodia Joint Boundary Commission (JBC), scheduled for June 14," Foreign Ministry spokesperson Nikorndej Balankura told reporters. "We sincerely hope that the negotiations will proceed in good faith," he added. The military reinforcements come despite efforts by Malaysian Prime Minister Anwar Ibrahim, who is the current chair of the Asean bloc, and China to reduce tensions. Thailand and Cambodia have for more than a century contested sovereignty at various undemarcated points along their 817km land border, which was first mapped by France in 1907 when Cambodia was its colony. Tension escalated in 2008 over an 11th-century Hindu temple, leading to skirmishes over several years and at least a dozen deaths, including during a week-long exchange of artillery in 2011. Current governments in both countries, however, have enjoyed warm ties. Former leaders Thaksin Shinawatra of Thailand and Cambodia's Hun Sen have had a close relationship, and Thaksin's daughter and Hun Sen's son are now the incumbent prime ministers of their countries. Still, nationalist sentiment has risen in Thailand and the Thai military said on Friday it is ready to launch a "high-level operation" to counter any violation of its sovereignty. Cambodia said this week it would refer disputes over four parts of the border to the International Court of Justice and asked Thailand to cooperate. Phumtham reiterated in his Saturday statement that Thailand does not recognise the jurisdiction of the court and proposed that all boundary-related issues be resolved through bilateral negotiations.