With a rapidly growing economy, Vietnam is facing an increase in energy demand which is forecasted to grow 10 percent annually. The Vietnam Energy Outlook Report 2017 released by the Vietnamese government in collaboration with the Danish Energy Agency states that electricity demand is expected to grow eight percent annually until 2035.Vietnam’s economy is forecast to grow at a rate of between 6.5 and 7.5 percent per year from now until 2030 – resulting in additional demand for energy.
Although fossil fuels are the single biggest source of greenhouse gas (GHG) emissions, coal continues to be supported by both the government and businesses in the Philippines.While it is the cheapest fuel option, coal is also the most polluting one.
Although Prime Minister Prayut Chan-o-cha announced Thailand’s commitment to the United Nations Guiding Principles on Business and Human Rights (UNGPs) in 2017, outbound investment remains a largely unregulated sector.Thai firms are significant investors in ASEAN countries, and Thailand’s foreign direct investment (FDI) in the region stood at US$2.37 billion in 2017 – behind only Singapore (US$18.75 billion) and Malaysia (US$3.99 billion). Thai companies also have a vast reach.
Philippine President Rodrigo Duterte has come under fire for referring to a newly-opened coal-fired power plant as “clean”, raising concerns about the country’s focus on renewable energy in the face of its increasing energy needs.The 500-megawatt (MW) coal-fired power plant in Mauban, Quezon, will provide additional energy supply to the Luzon grid and boost Duterte’s Build, Build, Build infrastructure program according to the Presidential Communications Operations Office.The US$1.1 billion pl
After Indonesia’s Petrosea embarked on the digital transformation of its Tabang coal mine in Kalimantan in June 2018, it soon became apparent that initiatives like real-time performance monitoring and predictive maintenance would help ensure the company’s sustainable growth.Indonesia is ASEAN’s largest producer of coal and fifth largest in the world, and as demand for energy continually increases, a number of Southeast Asian countries continue to utilise coal as a cheap way to meet their ener
While delegates from 200 countries come together to ramp up climate action and investors worldwide call for an end to banking on coal as part of the energy mix, the Trump administration followed through with its threat to host a fossil-fuel promotional side event at the United Nations Climate Summit (COP24), currently held in the Polish coal capital of Katowice.Amidst protests and jeering from climate campaigners, only Poland and Australia were represented at the event intended to “showcase w
“We can't afford to fail in Katowice,” said United Nations (UN) Secretary-General António Guterres in his opening remarks at the kick off of the 24th Conference of the Parties (COP24) to the United Nations Framework Convention on Climate Change (UNFCCC), last week, warning world leaders that climate change was running away from us, dragging with it a plethora of problems from rising atmospheric and ocean temperatures, as well as sea levels.
Southeast Asia is a growing region with countries here averaging growth rates of 5.1 percent. This situation has rightly prompted a rise in energy demand within the region. Between 2000 and 2016, economic growth in the region spurred a 70 percent increase in primary energy demand.
The great powers of the world share one thing in common: a desire for progress and the proper execution of that particular ideal. For China, a global behemoth in its own right, the Belt and Road Initiative (BRI) is its own vision, which has now manifested into a political, social, and economic reality.At its most basic, this gargantuan plan is an expression of China’s desire to build on trade relations with both, Asia and Europe.
Coal power is set to soar as the region’s energy demands are expected to multiply in the coming years. According to a report released by the International Energy Agency (IEA) in October last year, Southeast Asia’s energy demands are forecasted to grow as much as 60 percent by 2040.This increase in energy demand is led by a growing population. Higher incomes in the region also means consumers are buying more electric appliances and increasing their consumption of electricity.
With a rapidly growing economy, Vietnam is facing an increase in energy demand. According to Vietnamese power company, Electricity of Vietnam, energy demand in the country is forecasted to grow 10% annually. Accounting for a significant chunk of the demand for energy is the demand for electricity.
The great powers of the world share one thing in common: a desire for progress and the proper execution of that particular ideal. For China, a global behemoth in its own right, the Belt and Road Initiative (BRI) is its own vision, which has now manifested into a political, social, and economic reality. At its most basic, this gargantuan plan is an expression of China’s desire to build on trade relations with both Asia and Europe.