ASEAN Businesses Anticipate Oil Shock to Propel Green Energy Transition
Chris Humphrey of the EU-ASEAN Business Council has indicated that businesses within the ASEAN region are currently withholding investments due to geopolitical tensions, particularly those arising from the Middle East. These tensions have led to oil shocks, which ASEAN firms believe could accelerate the transition to green energy. The ongoing instability in the Middle East has resulted in significant disruptions in oil supply, prompting businesses to reconsider their energy strategies. This shift is seen as a potential catalyst for increased investment in renewable energy sources as companies seek to mitigate risks associated with oil dependency. 
