Southeast Asia countries need energy diversification as demand seen surging Energy demand in Southeast Asia countries could triple by 2050 and the region could become net importer of natural gas and coal before that if the region do not develop alternative sources of energy, a study by the region's energy sector body found.
- According to a recent study by ACE, rapid economic growth in the region would push total energy consumption to an estimated 1.28 billion tons of oil equivalent in 2050, under a baseline scenario.
- Southeast Asia is home to the world's top thermal coal exporter Indonesia.
- Policy intervention is needed to help accelerate development of renewables and other alternative energies in the region.
- "We need to consider installing nuclear power plant of around 4 gigawatt (capacity)," Nuki said, while also developing infrastructure for sources such as hydro power and geothermal energy, which the region has the second largest potential.
- For transportation fuel, he said the region should increase usage of biofuel and bioethanol and increase usage of electric vehicles to 20 per cent by 2050 to reduce consumption of fossil fuels.
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