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2025.08.19
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2025.08.19
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동남아연구소
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[No. 39] Green Transition in ASEAN: Catalyst for Sustainable Economic Development?

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Green Transition in ASEAN: Catalyst for Sustainable Economic Development?


Young Kyung KO (Yonsei University)


This article examines whether the green transition in ASEAN can serve as a viable driver of sustainable economic growth, and what conditions are required for this potential to be realized. Facing both the global climate crisis and the middle-income trap, ASEAN stands at a crossroads where decarbonization efforts may also provide an opportunity for structural economic transformation. Drawing on green growth theory, the Porter Hypothesis, and endogenous growth models, the analysis explores ASEAN’s natural resources, policy frameworks, and industrial structure. It highlights both the region’s visible progress—including the expansion of renewable energy, cross-border electricity integration, and the emergence of green industries—and the persistent challenges such as limited private investment, technological constraints, fragmented institutions, and rising concerns about greenwashing. With world-class solar and geothermal potential and high biodiversity, ASEAN has the capacity to generate trillions of dollars in economic output and millions of green jobs by 2050. However, unlocking this potential requires coordinated policy reform, including carbon pricing, the phasing out of fossil fuel subsidies, expansion of green finance, and investment in innovation. In this context, Korea can play a key role as a strategic partner, leveraging its green technologies and experience to support ASEAN’s sustainable transition. 


Young Kyung KO. "Green Transition in ASEAN: Catalyst for Sustainable Economic Development?" JISEAS Issue Paper No. 39. (5 August 2025) Jeonju, Korea.


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다음글
[No. 40] Achievements and Challenges of Education on Southeast Asia in the Division of International and Area Studies (DIAS), Pukyong National University
동남아연구소 2025-08-19 14:41:19.0
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[No. 38] Institutionalizing Korea-ASEAN Academic Exchange: The Experiment of KISEAS and Its Aftermath
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