The War in Ukraine Is Challenging Southeast Asia's Climate Goals - Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Compounding crises should be accelerating the energy transition in this vulnerable region. The opposite is playing out. Listen 5:36 Too much of a bad thing. In theory, a European war that has driven up the price of oil, gas and coal — thereby exposing the fiscal and security risk of depending too heavily on grimy imports — should be setting off warning lights in climate-vulnerable Southeast Asia. Reality has proven far more complicated. Exposure to the upheaval in global commodities markets since Russia’s invasion of Ukraine varies across this region of nearly 700 million people, but the basic dilemma is similar. Governments are juggling short-term price oscillations and the strain on households, while also attempting to redu

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