How Asia can accelerate its green energy transition
来源:World Economic Forum;发表于:2022-02-27;人气指数:450
How Asia
can accelerate its green energy transition
https://www.weforum.org/agenda/2021/10/appec-asia-carbon-pricing-energy-transition/
Asia could also
accelerate its move to lower carbon emissions by ramping up the use of biofuels
and coupling natural gas consumption.
Image: REUTERS/Edgar
Su
05 Oct 2021
Roslan Khasawneh
Reporter, Reuters
*Asia could also
accelerate its move to lower carbon emissions by ramping up the use of biofuels
and coupling natural gas consumption.
*Technologies like
carbon capture, usage and storage (CCUS) could also "enable a very low
carbon energy source that can be deployed at scale, and affordably".
*In the transition
towards a lower carbon future, liquefied natural gas (LNG) is expected to play
a key role in Asia for the next 10 to 15 years.
Asia needs to adopt a
carbon pricing mechanism to help accelerate its transition towards lower
emissions, a senior company official at oil major BP (BP.L) said on
Monday.
"A well designed
carbon pricing framework that is able to prevent carbon leakage, moving carbon
to another area, needs to take place for a transition," said Eugene Leong,
president of BP Singapore and chief executive of BP's trading & shipping
arm of Asia Pacific and the Middle East.
"It is much more
established in the developed countries, and a well designed carbon price drives
the right incentives for transition," Leong said in a pre-recorded
discussion for the annual Platts APPEC 2021 conference.
Asia could also
accelerate its move to lower carbon emissions by ramping up the use of biofuels
and coupling natural gas consumption with technologies like carbon capture,
usage and storage (CCUS) to "enable a very low carbon energy source that
can be deployed at scale, and affordably", said Leong.
In the transition
towards a lower carbon future, liquefied natural gas (LNG) is expected to play
a key role in Asia for the next 10 to 15 years.
"LNG is also
going to pave the way to renewables" because it provides stability in the
grid while renewables are still an "intermittent" source of energy,
said Leong.
Some countries in
Asia have already started using LNG to replace coal to meet their energy
demands.
Renewable energy
share in Asia.
Image: ING
"Nowhere is that
(trend) stronger than in China, which actually saw LNG demand rise last
year," Leong said.
As part of BP's focus
on energy transition, two of its main areas of focus are mobility and low
carbon energies.
By 2030, BP aims to
boost its number of global car charging points 70,000, from 11,000 currently,
according to Leong.
"We have more
than doubled our low carbon energy generating pipeline to 21 gigawatts today
(and) have built up our offshore business to roughly about four
gigawatts," Leong added.
This year, the APPEC
conference is being held in a hybrid format, including in-person and virtual
participants.