Date of Award

Fall 12-15-2022

Degree Type

Honors Thesis

Major

International Studies with a concentration in Global Politics

Degree Name

Bachelor of Arts

Department

International Studies

Abstract

This paper aims to find: To what extent foreign direct investment is fueling the renewable energy transition in ASEAN. The year 1966 saw the founding of ASEAN, the Association for Southeast Asian Nations. The five founding member nations were: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Over time, this group of nations grew to include nations such as: Laos, Cambodia, Vietnam, Brunei, and Myanmar. The IGO (inter-governmental organization) aims to foster “economic, social, cultural, technical, educational and other fields” (ASEAN). The IGO is successful, allowing capital to flow cross-borders with more ease, and encourage economic corporation across all nations. Since then, this group of 10 nations have continued to gain in economic and political power and have been confronted by various threats. One of the threats to these nations is our ever-warming planet and climate change. How these nations tackle climate change and grow economically is what will be explored in this piece. Furthermore, how each nation attempts to attract foreign investment in growing their renewable energy capacity will also be looked into. Furthermore, what will be examined is how each nation attracts FDI through their respective stock exchanges . In addition, how investors value renewable energy industry in comparison with oil & gas will also be assessed and analyzed in illustrating optimism and pessimism for ASEAN. International investors (from within ASEAN and the greater world) will play a more significant role in building wealth within the region through spurring new industries, increasing renewable energy capacity, and in tackling global warming.

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