ASEAN and UK launch clean energy pillar of green transition fund

This will channel more investment to boost the energy shift in the region.

The UK Mission to ASEAN has launched the Clean and Just Energy Transition Pillar of the ASEAN-UK Green Transition Fund (GTF), marking a major development in UK and ASEAN’s climate and energy collaboration.

According to the organisation, the fund offers targeted support to ASEAN Member States and Timor-Leste. The Pillar focuses on three key workstreams: clean power systems, green grids, and industrial decarbonisation, with a strong emphasis on inclusivity and regional collaboration.

ASEAN is now the world’s fourth-largest energy consumer, with energy demand projected to rise by up to 41% by 2030, based on the 8th ASEAN Energy Outlook. The region is expected to require at least $200b in annual energy investments to meet its growing energy needs, driven by a 15.2% annual rise in energy consumption in 2022, surpassing pre-pandemic levels.

“Through the ASEAN-UK Green Transition Fund, we are bringing investment and expertise to support a clean and just energy transition across the region — from green grids and clean manufacturing to public-private partnerships,” said UK Ambassador to ASEAN Helen Fazey said.