Renewable Energy Investments and Feed-in Tariffs: Firm-Level Evidence from Southeast Asia
The implementation of a feed-in tariff has a significant and positive effect on firms’ investments in renewable energy projects.
Greater Mekong Subregion countries are in varying stages of economic development but share common goals concerning energy security and environmental protection. Progress have been made in promoting renewable energy, clean fuels, and energy efficiency, but new energy solutions remain crucial to the subregion’s advancement.
The GMS Economic Cooperation Program Strategic Framework 2030 (GMS-2030) emphasizes cross-border power trade, establishment of regional grid codes, development of regional markets, and expanding clean energy investments with a greater role for the private sector.
The Regional Power Trade Coordination Committee (RPTCC) managed regional power trade in the subregion from 2004–2022. In July 2022, at the 29th RPTCC meeting, the committee formally transitioned to the GMS Energy Transition Taskforce (ETTF). Among other things, the transition to ETTF ushers in closer energy cooperation with the Association of Southeast Asian Nations (ASEAN) and its initiatives, such as the ASEAN Power Grid.
Energy consumption in the GMS countries has grown intensively as their economies develop, driven mostly by residential and industrial sectors. Demand is forecasted to increase materially over the medium term.
GMS countries have used different approaches to increase access to reliable, affordable, and low-carbon energy.
See initiatives of the GMS Energy Transition Task Force to promote energy security in the subregion in a sustainable manner.
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Key Energy Resources
Focal Persons at the Asian Development Bank
Hyunjung Lee (lead)
Energy Sector Office
Sectors Group
Atsumasa Sakai
Energy Sector Office
Sectors Group
Other Concerned Staff & Consultants
Joao Aleluia
Energy Sector Office
Sectors Group
Architrandi Priambodo
Energy Sector Office
Sectors Group
Jeffrey Almera
Energy Sector Office
Sectors Group
Pinsuda Alexander
Regional Cooperation and Integration Unit
Southeast Asia Department
Rafaelita Jamon
Regional Cooperation and Integration Unit
Southeast Asia Department/GMS Secretariat
Send inquiries to GMS Secretariat.
The implementation of a feed-in tariff has a significant and positive effect on firms’ investments in renewable energy projects.
The Greater Mekong Subregion (GMS) countries convened the first Meeting of the GMS Energy Transition Task Force (ETTF) in a hybrid format (with in-person attendance in Manila, Philippines and via web-based conferencing) on 13-14 June 2023.
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