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Showing posts with the label Sustainability Electricity

ASEAN region fuels energy demand

As the ASEAN region’s demand for coal surges, will the region be able to meet its future energy needs at a sustainable cost?  Leon Perera , Chief Executive Officer of Spire Research and Consulting, shared his thoughts on the outlook for energy demand in ASEAN for China Daily – Asia Weekly. ASEAN’s demand for coal is expected to triple to account for nearly 30 percent of global energy growth. Coal is a popular fuel source, thanks to its abundance and cost competitiveness. The share of coal in electricity generation is likely to spike from one-third of total output today to almost half in 2035. Perera opined that  energy growth  is a function of Gross Domestic Product (GDP) – which in this case will be driven by the expanding economies of Thailand and Indonesia, followed by the Philippines and Vietnam. All of these economies have substantial room for energy demand growth, due to their growing from a low GDP per capita base and with urbanization and industrialization still not h