Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
Malaysia is lagging behind its regional peers when it comes to AC charging stations and DC fast-charging stations and the lack of incentives is to blame. The country now aims to have 1,000 DC rapid charging stations in the next four years.
Southeast Asia’s economy is set to lose trillions over the next 50 years if it does not significantly reduce its carbon emissions, a Deloitte report found.
Few countries in the region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.
According to this report by Eco-Business, insufficient regulation and fossil fuel subsidies are holding back Southeast Asia’s transition to a low carbon economy. The report outlines the challenges and potential