The Energy Transition in Southeast Asia

Southeast Asia's critical role in the global energy transition is underscored by its rapid mining expansion to supply vital minerals like nickel and cobalt, fueling the renewable energy and electric vehicle markets. This growth, however, is accompanied by pressing environmental risks, including habitat destruction and water pollution, challenging the region to balance economic ambitions with ecological stewardship. Amidst this complex landscape, a notable shift occurs as end-users—ranging from tech giants to automotive manufacturers—increasingly diversify upstream investments to secure stable access to these essential resources. This strategic move towards direct involvement in the mineral supply chain represents a significant development, aiming to ensure resource reliability and sustainability. Therefore, Southeast Asia faces the task of managing its mining boom and mitigating environmental impacts and the opportunity to engage with global partners seeking to fortify their supply chains. This evolving dynamic presents Southeast Asia with both challenges and opportunities to shape its future role in the global energy economy, driving sustainable practices and forming strategic alliances that benefit all stakeholders in the long term.