“We have this handy fusion reactor in the sky – called the Sun. You don't have to do anything – it just works.
Based on Bloomberg’s New Energy Finance "New Energy Outlook" report, solar and wind power generation will dominate the future of electricity where 72 percent of the 10.2 trillion dollars spent on new power generation and installation worldwide between now to 2040 will be invested in new solar photovoltaic (PV) plants and wind parks.Although there has been rapid installation of solar energy systems in the region, wind energy has been a relatively low priority renewable sector in ASEA
Indonesia is the largest energy consumer among all ASEAN member states. With over 261 million people living in the country, energy demand in the archipelagic country is growing rapidly. It currently has a total installed energy capacity of 57.6 gigawatts (GW).
Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources.The city-state is testing floating power projects in its reservoirs, a technology that could help solar meet as much as a quarter of electricity demand by 2025, Deputy Prime Minister Teo Chee Hean said Monday in a speech opening Singapore International Energy Week.
The Southeast Asian region is gifted with rich and diverse renewable energy sources. With the abundance of renewable energy sources in the region, it is timely for ASEAN nations to focus on renewable energy installation amidst diminishing fossil fuel reserves and the growing environmental concerns over fossil fuels and climate change, in particular.
As ASEAN (Association of Southeast Asian Nations) celebrates its 50th anniversary, the region has witnessed immense growth in terms of its economy and human population which has contributed to the rising demand for energy. In recent years, the ACE (ASEAN Centre for Energy) has been working on promoting the use of renewable energy throughout the region.
The United States on Tuesday announced new import duties on biodiesel imports from Argentina and Indonesia, which officials said received improper government subsidies.The action was spurred by complaints from a coalition of US producers who said the imports constituted unfair competition."The US values its relationships with Argentina and Indonesia but even friendly nations must play by the rules," Commerce Secretary Wilbur Ross said in a statement.The Trump administration has aggr