Southeast Asian Countries to Scale Up Renewable Energy Manufacturing

Event: ADB's Southeast Asia Development Symposium (SEADS 2023): Imagining a Net-Zero ASEAN

Southeast Asian Countries to Scale Up Renewable Energy Manufacturing

30 March 2023

A presentation by ADB and McKinsey. Commentary by Bloomberg Philanthropies and Sustainable Energy for All. McKinsey & Co. Asia Sustainability Practice Partner and Leader Vaibhav Dua said the region is looking at a $200-billion opportunity in the manufacture of solar photovoltaic panels, electric motorcycles, and batteries, as there is room to grow in both production capacity and demand not just in the region but the world was given the push for all countries to decarbonize.

He cautioned, however, unlocking the region’s potential for these three opportunities would depend on whether the right enablers are in place, including regulatory policies, business ecosystems, technologies, and funding. ADB Southeast Asia Director General Ramesh Subramaniam also presented during the session as ADB also provided inputs and analysis to the report.

There are also commentaries from Sustainable Energy for All CEO and UN-Energy Co-Chair Damilola Ogunbiyi and ClimateWorks Foundation Global Energy Transition Initiative Director Rui Luo, who also represented Bloomberg Philanthropies.

Type of Content:

Learning Event

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