As per the Asian Development Bank (ADB), renewable energy manufacturing in Southeast Asia can generate $90 billion to $100 billion in sustainable revenue by 2030.

According to new research released by the Asian Development Bank (ADB), Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All (SEforALL), the Southeast Asian region could lose up to 30% of its GDP by 2050 as global temperatures rise and extreme weather events become more common.

This, however, has the potential to strengthen the region's renewable energy manufacturing capacity, allowing Southeast Asian countries to create new jobs and meet rising energy demand while drastically reducing emissions.

According to the research, Southeast Asia's solar photovoltaic (PV) cells, battery, and electric two-wheeler industries represent an estimated $90 billion to $100 billion revenue opportunity by 2030, with a potential 6 million renewable energy jobs created by 2050.

The report identifies potential ambition and outcomes for Southeast Asia to increase solar PV module manufacturing capacity from 70 GW to 125-150 GW by 2030.

It also sees the potential for establishing Southeast Asia as a regional and global export hub, producing 140-180 gigatonne-hours (GWh) of battery cells by 2030.