Page 100 - Ebook HTKH 2024

greenhouse gas emissions, carbon neutral, using renewable and clean energy. In
addition, a new trend is efforts to promote the green economy through stakeholder

cooperation and the ASEAN Green Economy Framework, which supports sustainable
development on land and at sea. ASEAN is on track to achieve its short-term
regeneration goals, and the prospects for meeting the larger and long-term goals are
becoming clearer as the proposed initiatives and strategies move forward. Notable
initiatives include:
1. Developing an ASEAN Carbon Neutrality Strategy, designed to provide a
structured and credible strategic roadmap for ASEAN to accelerate the region's
transition to a low-carbon future. This initiative aims to leverage the strengths of

ASEAN members in developing approaches that support Nationally Determined
Contributions (NDCs) and ensure ASEAN remains competitive and progressive in the
context of increasing global climate action.
2. Developing the electric vehicle ecosystem with partners. ASEAN welcomes the
organization of the ASEAN-U.S. Electric Vehicle Workshop Series and expects
ASEAN Transport Ministers to finalize and approve policy recommendations to

improve electric vehicle infrastructure and charging stations. ASEAN leaders
acknowledged the importance of dialogue partners in promoting the electric vehicle
ecosystem and sought to implement the ASEAN+3 Leaders' Declaration on the
Development of the Electric Vehicle Ecosystem, reflecting the ASEAN leaders'
commitment to China, Japan and South Korea in the development of the electric vehicle
sector.
3. Implementing the ASEAN Green Economy Framework strengthens the bloc's

cooperation on the green economy through an integrated, intersectoral and multi-
stakeholder approach. The goal is to create added value and value chains from ocean
resources in a comprehensive and sustainable way, transforming the green economy into
a new growth engine for the future of ASEAN.
4. Global green economy development trend
In the context of increasingly serious problems of climate change, resource

degradation and environmental pollution, the green economy has become an inevitable
trend globally. Many countries and regions have set goals for sustainable development,
promoting investment in green fields such as renewable energy, clean transportation,
sustainable agriculture and building environmentally friendly infrastructure.
4.1. Trend of green economic development in the future
The trend of green economic development in the future will continue to develop
strongly and is shaped by the following factors:
Renewable energy growth and reduction in dependence on fossil energy:

Renewable energy will play a key role in the global green economic transition. Reducing
dependence on fossil energy and increasing investment in energy sources such as solar,
wind, hydropower, and biomass will be the main trends. In particular, solar and wind
energy are emerging as top options due to plummeting costs and

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