Industrial Transformation in ASEAN: A Cluster-Driven Model for Regional and Global Collaboration

Foreword 3

Executive summary 4

1 Context and opportunity 5

2 Clusters as catalysts of ASEAN’s energy transition and industrial transformation 7

2.1 ASEAN – the region’s energy transition and industrial transformation enabler 7

2.2 ASEAN nations overview: balancing industrial growth and decarbonization 10

2.3 Challenges to ASEAN’s energy transition 12

2.4 Strengthening industrial clusters’ role in ASEAN’s transition 13

3 From strategy to scale: how ASEAN’s industrial clusters are driving transition today 15

3.1 Partnerships 16

3.2 Policy 20

3.3 Technology 22

3.4 Finance 24

4 Industrial cluster playbook 26

4.1 Formation stage 27

4.2 Developing stage 28

4.3 Scaling stage 29

5 Expanding ASEAN’s global connectivity 30

Conclusion 33

Contributors 34

Endnotes 37