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NEW GLOBAL ORDER

South-east Asia can lead the energy transition with its partners

No country can navigate the energy transformation alone

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    • South-east Asia's growth trajectory means its energy choices will have global consequences, and Singapore is emerging as a key player in the coming years.
    • South-east Asia's growth trajectory means its energy choices will have global consequences, and Singapore is emerging as a key player in the coming years. PHOTO: TAY CHU YI, BT

    Rachel Kyte

    Published Tue, Jun 9, 2026 · 07:00 AM

    A FRESH oil-price shock, the second in five years, reveals an uncomfortable truth: Economies built on imported fossil fuels are exposed to forces beyond their control. 

    For households, that means higher bills and uncertainty. For governments, it squeezes fiscal space and threatens to slow growth. 

    In an increasingly fragmented geopolitical landscape, the dependence on imported fossil fuels is a strategic liability, and it would be irresponsible not to address it. 

    New Global OrderClimate-related financial disclosuresClimate policyClimate change

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