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Outlook 2025
Decarbonisation Policy
Charlotte Wolff-Bye
13 January 2025
Follow @PetroleumEcon
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Outlook 2025: Southeast Asia – defining a new narrative for net zero

The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive

The new energy order is set to be shaped by the rapidly developing economies of Southeast Asia—particularly Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Once dubbed ‘tiger cubs’ for their vast economic promise, these nations are now maturing into significant players in the global economy. Southeast Asia is expected to experience one of the largest growths in energy demand over the coming decade. How this region powers its growth will be crucial in determining the world’s ability to respond to climate change and achieve net-zero emissions. Economic growth and energy demand Southeast Asia’s population is expected to grow from more than 670m today to become the world’s third-larg

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