The government is taking steps to address energy supply chain instability and rising electricity demand in Asia by collaborating with private experts.
The Ministry of Climate, Energy, and Environment announced that it will hold a 'RISE ASIA Domestic Policy Forum' this afternoon in Jongno-gu, Seoul, involving participation from academia, research institutions, industry, finance, and civil society.
RISE ASIA is a cooperative initiative aimed at jointly addressing energy supply chain crises and climate change among Asian countries. The government has been pursuing related cooperation since signing a memorandum of understanding with the International Energy Agency (IEA) on September 17.
The Asia region is particularly vulnerable to energy supply chain disruptions due to its high dependence on fossil fuel imports, coupled with rapidly increasing electricity demand. According to the IEA's 'Electricity 2026' report published in February, electricity demand in Southeast Asia is expected to grow by an average of 5.3% annually from 2026 to 2030.
RISE ASIA consists of three main pillars: sharing energy risk information and crisis response, cooperation on electrification for future growth, and open and inclusive energy policy dialogue. The initiative focuses on jointly addressing energy supply chain risks and preparing for increased electricity demand driven by the expansion of artificial intelligence (AI) and data centers.
During the forum, the ministry will gather opinions to refine key tasks, including cooperation on decarbonization. Discussions will also explore ways for domestic research institutions, companies, and financial organizations to participate in the cooperative initiative.
Lee Ho-hyun, the Second Vice Minister of Climate, stated, "Based on expert opinions, we will specify the tasks and implementation plans in collaboration with the IEA and expand the cooperative foundation for continuous participation from domestic research institutions, companies, financial organizations, and civil society."
The Ministry of Climate, Energy, and Environment announced that it will hold a 'RISE ASIA Domestic Policy Forum' this afternoon in Jongno-gu, Seoul, involving participation from academia, research institutions, industry, finance, and civil society.
RISE ASIA is a cooperative initiative aimed at jointly addressing energy supply chain crises and climate change among Asian countries. The government has been pursuing related cooperation since signing a memorandum of understanding with the International Energy Agency (IEA) on September 17.
The Asia region is particularly vulnerable to energy supply chain disruptions due to its high dependence on fossil fuel imports, coupled with rapidly increasing electricity demand. According to the IEA's 'Electricity 2026' report published in February, electricity demand in Southeast Asia is expected to grow by an average of 5.3% annually from 2026 to 2030.
RISE ASIA consists of three main pillars: sharing energy risk information and crisis response, cooperation on electrification for future growth, and open and inclusive energy policy dialogue. The initiative focuses on jointly addressing energy supply chain risks and preparing for increased electricity demand driven by the expansion of artificial intelligence (AI) and data centers.
During the forum, the ministry will gather opinions to refine key tasks, including cooperation on decarbonization. Discussions will also explore ways for domestic research institutions, companies, and financial organizations to participate in the cooperative initiative.
Lee Ho-hyun, the Second Vice Minister of Climate, stated, "Based on expert opinions, we will specify the tasks and implementation plans in collaboration with the IEA and expand the cooperative foundation for continuous participation from domestic research institutions, companies, financial organizations, and civil society."
* This article has been translated by AI.
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