From economy to environment: China's role in ASEAN amid energy crisis
The war in Ukraine has hastened Europe's efforts to switch to renewables to ensure energy security in future but what about developing economies? The Hub with Wang Guan looks at clean energy partnership opportunities between China and the ASEAN. Sara Jane Ahmed, founder of the Financial Futures Center in Manila, the Philippines, and advisor to the Vulnerable 20 Group of Finance Ministers, says "China can, must, and shall do more to enable and accelerate Southeast Asia's energy transition." Her reasons: China's financial strength, innovative business models and project experience. It has shown in the past that it can deliver. With the urgency in the ASEAN to build up its manufacturing capability, Fabby Tumiwa, Executive Director of the Institute for Essential Services Reform in Jakarta, Indonesia, advocates technology transfers from China, especially to de-carbonize ASEAN industries. And in Beijing, Zhang Jianyu, Executive Director of the BRI Green Development Institute, explains how China is ready to work with other countries both in the economy and the environment. The direction was made clear last year when the Chinese leadership announced China will provide low-carbon and green energy solutions to Belt and Road countries. So what are the perils ahead? Geopolitics, the Kindleberger Trap and the question of political will. Watch the show for more.