Reframing of Global Strategies and Regional Cooperation Pathways for an Inclusive Net-Zero Strategy in the Energy Transition Framework
1 February 2023
brief assesses energy transition challenges for the Association of • Cross-regional cooperation should be Southeast Asian Nations and the Gulf Cooperation Council (GCC), strengthened to reduce the cost of the energy transition globally and bring and proposes new policy pathways towards an inclusive global net- much-needed economic resilience zero economy. [...] Sustainable bioenergy is vital and Ammonia for domestic and regional energy security, as locally produced biofuels can increase the self- Spur innovation in the circular low-carbon sufficiency of countries through net energy economy imports and lower the economic burden of Circular low-carbon paths in the energy sector importing crude oil (IEA, 2019). [...] The alliance would serve as a platform (iii) harmonising standards for large-scale for enhancing the capacity to advance the hydrogen deployment and strengthening liberalisation of electricity markets, develop carbon accounting and verification mechanisms strategies to boost the spread of renewables, for the hydrogen supply chain; (iv) incubating reduce market distortions, monitor and cross-border. [...] concerns; (v) investigating the application of Strengthening Cross-Regional Cooperation carbon storage units inside the international to Reduce the Cost of the Global Energy carbon trading system; (vi) promoting the Transition and Bring Economic Resilience and use of CO2 in enhanced oil recovery activities Energy Security to Emerging and Developing by sequestering huge volumes of CO2 in Countries. [...] Critical challenges affect the stability, ASEAN and the GCC could serve as a role visibility, and dependability of transmission model by (i) creating an ASEAN–GCC free ERIA Policy Brief • 2022-09 | January 2023 5 trade and investment framework, with the covid-world-towards-a-net-zero-econo- goal of removing tariff and non-tariff barriers my/ to trade flows of low-carbon technologies and services,.