World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

APEC energy outlook

APEC energy outlook: consumption surges; efficiency emerges; sustainability diverges


Issued By the APEC Energy Working Group


Tokyo, Japan, 21 Feb 2013 - Even under ‘business-as-usual’ assumptions, APEC member economies which account for about 60 percent of world energy demand will likely meet their target of a 45 percent improvement in efficiency by 2035. But there is still further work to be done to ensure greater environmental sustainability in the region.

This is the conclusion of a report on the outlook for APEC’s energy demand and supply that was released on Thursday. The report was conducted by Asia Pacific Energy Research Center, in coordination with the APEC Energy Working Group, and provides detailed projections of APEC’s energy demand, supply and greenhouse gas emissions.

“APEC’s energy efficiency surge over the last three decades is expected to continue at a modestly accelerated rate and could result in an improvement of about 53 percent by 2035,” said Dr Phyllis Genther Yoshida, Lead Shepherd of the APEC Energy Working Group. “This trend is being driven by the adoption of new technologies within the sector and more robust energy efficiency policies among APEC economies.”

Primary energy consumption is expected to grow by only 53 percent during the same period. Without reductions in energy intensity, APEC energy demand would grow at the same rate as the region’s gross domestic product which is projected to jump about 225 percent by 2035.

According to the report, over 80 percent of APEC’s primary energy demand in 2035 is likely to be met by fossil fuels. Due to the region’s surging energy demand, this could result in a 46 percent increase in carbon dioxide emissions from fuel combustion.

“Substantial reductions in emissions are needed to put the Asia Pacific on a path toward sustainability and mitigate the risks of climate change,” Dr Yoshida says.

To deal with the region’s energy challenges, the report recommends that APEC economies work more closely to boost climate change awareness, further promote energy efficiency, support research on low-carbon technologies and implement measures such as carbon taxes or emissions trading, as appropriate, to help reduce greenhouse gas emissions.

The report also looks at several alternative scenarios for meeting APEC’s energy needs. This includes a ‘High Gas Scenario’ which finds that the APEC region could conservatively increase production of natural gas by an additional 30 percent by 2035 if barriers to gas development and trade were reduced.

New technology for shale gas and other unconventional gas could make these levels of production feasible, the report adds. This could in turn help reduce carbon dioxide emissions from electricity generation by a further 22 percent by 2035.

At their 2011 meeting in Honolulu, Hawaii, the APEC Leaders set a target to reduce the region’s energy intensity by at least 45 percent by 2035 based on a variety of measures. Energy intensity is a widely-used indicator of energy efficiency, defined as energy demand divided by gross domestic product.

The APEC Energy Demand and Supply Outlook 5th Edition is available for immediate downloading at this link.

ends

© Scoop Media

 
 
 
 
 
World Headlines

 

Le Pen Beaten: English Congratulates Macron On French Election Win

Prime Minister Bill English has this morning congratulated Emmanuel Macron on his victory in the French presidential election. More>>

ALSO:

Gordon Campbell: On The French Election Result

Macron is shaping as the third major test case, after Bill Clinton, after Tony Blair – on whether the aim of ‘progressive social policy’ and realities of ‘neo-liberal economic settings’ can be made to credibly co-exist within the same sentence, let alone within the decrees from the Elysee Palace. More>>

Werewolf: The Maverick On Moloka’i

Monday, April 17 was Moloka’i’s turn for some face-to-face time with Tulsi Gabbard, who is part Samoan and part haole (pakeha), a practising Hindu, and a Middle East combat veteran. More>>

Gordon Campbell: On The Snap Election In Britain

The election call is entirely opportunistic and self-serving and will – regardless of the outcome – put Britain in a worse negotiating position for managing its Brexit. More>>

Turkey: Observers Say Erdogan’s Constitutional Referendum Flawed

Lack of equal opportunities, one-sided media coverage and limitations on fundamental freedoms created unlevel playing field in Turkey’s constitutional referendum, international observers say. More>>

ALSO:

Westminster: NZ PM Condemns London Attack

“London is a place many thousands of New Zealanders have visited and called home, and where many more have friends and family based, so this attack feels very close to home,” Mr English says. More>>

ALSO: