Aljazeera – Vladimir Putin’s absence from the G20 Summit in Bali also undermines talk of a Russian pivot to the Asia-Pacific region.
By Al Jazeera Staff
Published On 15 Nov 202215 Nov 2022
Russian President Vladimir Putin has oozed a casual resentment when describing the “irreversible and even tectonic changes” that he says have led the West to become a spent force in the world.
“Western countries are striving to maintain a former world order that is beneficial only to them,” he told attendees at the Eastern Economic Forum in the Russian city of Vladivostok in September.
Aljazeera – Soviet-era nostalgia and anti-Western sentiment fuel online support for Russia’s Vladimir Putin and his war on Ukraine.
By Al Jazeera Staff
Published On 18 Nov 202218 Nov 2022
While the West has united in condemnation of Russia’s invasion of Ukraine, opinions differ markedly in parts of the developing world where Russia is not reviled but revered for what some see as its stance against the West and its hypocrisies.
In Southeast Asia, a region dominated for decades by “strongman” political leaders and where nostalgia for the Soviet Union persists in some quarters, Russian President Vladimir Putin has a strong following among social media users who are sympathetic to his invasion of Ukraine and find his macho self-image appealing.
Earlier this fall, U.S. climate envoy John Kerry shone a spotlight on Vietnam, urging the Southeast Asian nation to “do what is sensible” and refocus its energy sector by investing in renewables and retiring fossil fuels. His remarks coincided with a deal between the European Union and the United Kingdom that made headway last week, which will see the two powers invest at least $11 billion in Vietnam’s green transition. The Just Energy Transition Partnership (JETP) seeks to cancel projects for new coal plants and build out 60GW of renewable energy capacity by 2030. Expected to be finalized at an Association of Southeast Asian Nations (ASEAN) meeting next month, the ambitious package will include public and private financing, technology transfers, and technical assistance.
JETP is not the first deal of its kind. The last decade has seen investors show a growing interest in expanding renewable technology in Southeast Asia. But for Vietnam’s government, the green energy transition is less about a passion for saving the planet and more about driving economic growth by any means possible. Vietnam cares about decarbonization – and renewables do have the potential to become the lowest-cost available energy option. But many political, regulatory, and financing challenges still stand in the way of this goal. Vietnam will ultimately act in its own best interest when deciding its energy future, but it must be wary of not getting overly ambitious with its commitments to the green transition by taking on debt and accepting capital for projects that are premature, imprudent, or ill-advised. An “energy transition” can be dangerous to any developing country that does not have the same risk tolerance as wealthier nations, and Vietnam is susceptible to falling into this trap.