South-east Asia can lead the energy transition with its partners
No country can navigate the energy transformation alone
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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.
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