Development Bank Pleads For Alternative Energy Use
Bangkok Post -
Thailand - 10 Apr 2013
Asia will dominate over half of the
world's energy supply by 2035, with possible double oil consumption if business
continues as usual, though limited indigenous resources present challenges to
the region. A new Asian Development Bank (ADB) report stated Asia will need
a massive increase in energy supply this century, mainly from fossil fuels,
if the region is to continue to grow and lift millions more out of poverty.
Given the lack
of alternative energy, this new supply is likely to spell environmental
disaster, said the report, part of ADB's Asian Development Outlook 2013.
"Asia could be consuming
more than half of the world's energy supply by 2035, compared to 34% in
ADB's senior country economist Luxmon Attapich, adding that Asia will account
for 44% of the world's GDP this year, compared to 28% in 2010.
If business continues as usual, oil
imports will triple by 2035 because the region does not have enough resources
and mainly relies on the Middle East for its energy supply, said Ms. Luxmon.
Without changes to its energy mix, coal
use will increase by 81%, oil consumption will double and natural gas use will
more than triple, she said. "We need to look at alternatives such
as solar, wind, hydro and biofuels. Integrating power transmission within the
Greater Mekong Subregion will help, but political and regulatory barriers must
be reduced," she added.
ADB's country director, Craig
Steffensen, said energy security in Thailand and ASEAN (Association of
Southeast Asian Nations) has become a greater concern as demand has topped
forecasts and nuclear energy remains politically unpalatable following Japan's
Fukushima nuclear crisis. "In Thailand, questions about energy security
have become more prominent this year partly because of platform repairs in the
Yadana gas field in Myanmar, causing local supply shortages," said Mr.
In a related development, PTT Plc said
repairs of the Yadana platform are halfway done. The 10-day maintenance through
April 14 has disrupted 1.1 billion cubic feet per day of Myanmar's natural gas
supply to Thailand.