Notably in Southeast Asia, there's a growing emphasis on renewable energy sources, such as solar and wind power, driven by both environmental concerns and the region's abundant natural resources. However, key challenges lie ahead for the Association of Southeast Asian Nations' (ASEAN) journey to net zero over the next five years. Infrastructure development, regulatory frameworks, and investment constraints pose significant hurdles. Managing director of Markland Infrastructure Asia, Allard Nooy, joins Reed Smith's Matthew Gorman and Joyce Fong, to share their insights and vision for the future of ASEAN's energy landscape by 2030. ----more---- Transcript: Intro: Hello, everyone and welcome to Energy Explored. This podcast covers the challenges of achieving a carbon neutral global economy, cutting emissions of gasses and pollutants and setting up new energy systems. Join Reed Smith lawyers and guest speakers as they shed light on the most important trends in emissions control and new fuels. Tune in as we follow the ever evolving journey through the transition of energy.  Joyce: Hello and thank you for joining us on this podcast. I'm delighted to be chatting with Allard Nooy and Matthew Gorman today about the energy transition in Southeast Asia. For the benefit of our listeners Allard is a senior advisor at RPS. He has extensive experience in strategic planning, directing growth, developing financing and implementing major renewable energy and infrastructure projects in Asia-Pacific. Matthew is a partner, Reed Smith. He is a seasoned corporate finance lawyer with extensive experience of cross-border transactions in Europe and Asia. His experience spans a range of industry sectors, including energy and natural resources with a focus on infrastructure and renewables. Allard and Matthew, from your long experience in Southeast Asia, are there any uniquely Asian or Asian energy trends which you have observed?  Allard: Well, first and foremost, energy demand in ASEAN is the total final energy consumption or TFEC abbreviated, we should recognize that projection is to reach 473 million tons of oil equivalent or MTOE and that's by 2025 and 1.2 million by 2050. So fossil fuels are projected to continue to dominate the regional energy demand with oil still making up the largest share of TFE through 2050. Industry and transportation shares are projected to remain the largest energy consuming sectors. Their shares in TFEC will grow by 3.8% and 3.6% respectively. Cooking and cooling appliances will remain the largest energy consumption in the residential space making up about 82% of the sector's demand by 2050. Secondly, on the energy demand side of the house, this is expected to grow fourth-fold from 650 million TOEC in 2020 to about 2.6 million by 2050. Oil, natural gas and coal are forecasted to continue to dominate an ASEAN’s energy supply accounting for about 88% of the total primary energy supply in 2050 leaving renewables at just 12%. Now with out significant discoveries or addition to existing production infrastructure and with the expected rate of utilization of fossil fuels ASEAN is projected to become a net importer of natural gas by the mid of this century and of coal by 2040.  Matthew: You know from a from a trend perspective and from an ASEAN perspective, I think one of the things that people need to understand is that, you know, one of the challenges across pretty much most of ASEAN is that demand for energy is still growing significantly. I mean, even even in, you know, a number of places across the region, you know, having a reliable or even any electricity supply is still a challenge. Uh and therefore, you know what ASEAN or a lot of large parts of ASEAN are trying to, to achieve and to against the context of the of net zero targets is actually, you know, just coping with that, you know, huge demand that's still, you know, happening as a result of many of these, you know, countries being on a on a development, you

In this episode, Pittsburgh’s energy transactional partner, Ryan Haddad and Brussels’ international trade and customs partner, Yves Melin explore how CCUS and CBAM could interact in the U.S. and EU. Their discussion includes:  Economic incentives associated with carbon capture in the U.S. Requirements of U.S. exporters to EU importers of U.S. goods  How CBAM creates an incentive for the decarbonization of industrial processes outside of the EU

Energy partners Simone Goligorsky and Sachin Kerur are joined by general counsel Mayen Ekong of Gurin Energy to discuss some of the current key areas of energy transition. In this podcast, some of the topics they focus on are: The continued growth of the hydrogen market and where it’s headed The impact of the pandemic and effects of the Ukraine war on energy transition How ESG has intersected and aligned with energy transition to renewables The legal, regulatory and contractual landscape for both the global hydrogen market and ESG

Greenwashing poses significant risks to businesses, including reputational damage, legal repercussions, loss of consumer trust, and hindered progress towards genuine sustainability. To help your business reduce these risks, San Francisco partner Todd Maiden and Pittsburgh associate Casey Snyder will discuss the type of greenwashing claims they have encountered in their practice and provide insight on mitigating these risks.

Dubai partner James Willn and associate Finlay Donaldson share their insights on the complexities of nuclear power plant disputes and discuss how these interact with global nuclear diplomacy in regard to sanctions.  From a disputes perspective, James and Finlay discuss the unique issues relating to third-party liability, expert evidence and confidentiality. The pair also outline the key considerations regarding nuclear diplomacy at present, including the delicate situation at the Zaporizhzhia power plant and the challenges in imposing sanctions against Russia’s nuclear sector. 

Partners Daja Apetz-Dreier (Munich) and Yves Melin (Brussels) share their extensive knowledge and insights into the evolving landscape of due diligence in supply schemes in Europe. They discuss the implementation of Germany’s new Supply Chain Due Diligence Act (initially known as the Supply Chain Act when it came into force January 1, 2023) and the two new texts that the European Commission is adopting: the corporate sustainability due diligence directive, and the forced labor regulation. Daja and Yves provide valuable perspectives on the implications of these schemes for businesses. Join us as we learn practical tips and discover how to navigate the changes to ensure compliance and responsible sourcing practices.

Senior associates Chris Edwards (Dubai) and Liam Hart (London) discuss contracting for nuclear power projects, including the types of contract commonly used, complexities in resolving disputes and the outlook for the nuclear energy industry in Europe and the Middle East. They delve into the intricacies of the New Engineering Contract (NEC) form commonly used in the UK, South Africa and Hong Kong, as well as exploring the unique aspects of nuclear energy projects and nuclear power’s role in achieving a sustainable future. Tune in to gain insights into the challenges and opportunities when contracting in this area.

Reed Smith partners Hui Ling Teo and Jody Wood and associate Nadia Macci discuss sustainable fuels, competition from other transport modes, and drawbacks of carbon trading. Learn how sustainability is affecting aviation. 

The latest Sharm El-Sheikh COP decisions under Article 6 of the Paris Agreement provide guidance on the processes required for the international trading and transfer of carbon credits and mitigation outcomes. In addition, ISDA has published its Verified Carbon Credit Transaction Definitions, which represent an important step toward greater standardization in the basic terms for trading in voluntary carbon credits. The interests of many actors, including countries and private sector companies, are in play. Reed Smith partners Brett Hillis and Jennifer Smokelin shed light on the areas where more regulatory clarity may be required and how to achieve “market” transaction terms.

Join us as energy executives from Petrofac Ltd and Reed Smith lawyers Chris Edwards and Alison Eslick offer first-hand observations about the challenges of energy transition, sustainability as a whole, the key players and new legal issues.

It is well known that U.S. federal agencies are expressing concern over greenhouse gas emissions and climate change. At the same time, and in connection with those concerns, a few U.S. states have passed comprehensive legislation requiring a true energy transition to occur over the next 20 to 30 years, however most states have been much less ambitious. Reed Smith partners Pete Trimarchi and Todd Maiden discuss how this state legislation and the related policies will affect transportation, electricity generation, buildings, and more. Pete and Todd also share information on how businesses can begin to adjust.

The European Union’s Carbon Border Adjustment Mechanism (CBAM) will require importers to pay a fee for emissions of greenhouse gases embedded in products that are being imported into the EU. Brussels-based partners Yves Melin and Wim Vandenberghe discuss upcoming CBAM rules and how they will affect EU-based industries and their foreign trading partners.

The Commodity Futures Trading Commission, an independent federal agency, is undertaking new initiatives to address emerging risks such as climate change and crypto-assets. Reed Smith partners Jonathan Marcus, a former general counsel of the CFTC, Colette Honorable, a former FERC commissioner, and associate Christian Blair provide analysis.

In our third Energy Explored podcast, Reed Smith partners James Atkin and Adam Hedley and associate Terry Prempeh explore how energy industry participants are seeking to enhance their carbon-neutral credentials. They discuss “carbon-neutral” fossil fuels, the trading of carbon offsets, carbon-neutral labeling, and ways to mitigate the risk of claims of “greenwashing.”

Many factors are heightening interest in nuclear power generation, and France and the UK have become especially proactive about investing in it. Reed Smith lawyers Peter Rosher, Vanessa Thieffry and Liam Hart discuss new favorable circumstances for nuclear construction and related industries. 

Reed Smith partner Colette Honorable is joined by counsel Debra Palmer in this inaugural episode of Energy Explored. Colette and Deb discuss policies from the White House and FERC under President Biden to promote cleaner energy and fight climate change. They draw from years of experience to highlight the implications of the transition on the regulated community.