The 8theditionpresents a comprehensive analysis of the current state of ASEAN’s energy landscape and offers projections for several plausible future scenarios. Drawing on historical data from 2005 to 2022, the report provides forward-looking insights into the evolution of the ASEAN energy landscape until 2050.
Building from its predecessor, AEO8 serves a critical reference, gearing up towards the final year of ASEAN Plan of Action for Energy Cooperation (APAEC) 2016-2025 Phase II (2021-2025), guiding the development of the new phase of APAEC 2026-2030, and monitoring the region’s energy ambitions.
AEO8 retains two core scenarios: the Baseline Scenario(BAS) and the AMS Target Scenario (ATS). AEO8 introduces two new optimisation-based scenarios incorporating low-carbon and clean emerging technologies. The Regional Aspiration Scenario (RAS) integrates enhanced elements from the APAEC (Regional) Target Scenario (APS) and Least-Cost Optimisation (LCO) Scenario presented in the previous edition. RAS focuses on technology choices in the energy supply mix while adhering to ASEAN’s energy efficiency and renewable energy targets. The Carbon Neutrality Scenario (CNS) charts pathway to achieving net-zero carbon emissions by 2050, which serves as an alternative scenario that considers enhanced decarbonisation efforts using the LCO of net-zero technologies.
AEO8 examines the socio-economic impacts of each scenario, addressing critical areas such as energy employment (including job creation and losses), greenhouse gas emissions, energy financing, and land use for renewable projects, including biofuels, wind, and solar. This edition also presents forward-looking strategies for shaping ASEAN’s regional energy blueprint, with a strong focus on resolving the energy trilemma while driving energy transformation. Key strategies include multilateral power trade, developing gas infrastructure, exploring CCS, smart demand response systems, renewable energy dispatchability, carbon pricing, and emerging technologies.
