Asia's push towards renewables driven by necessity to diversify beyond fossil fuels
According to the International Energy Agency, electricity demand in Southeast Asia jumped more than 7% in 2024 and is set to keep rising around 4% to 5% annually. China's power use grew about 7% last year and is forecast to climb roughly 6% per year through 2027. That makes it imperative for Asia to scale renewables to cover more than a third of new demand by 2035, even as the region diversifies beyond gas and coal. Roland Lim reports from the Energy Asia conference in Kuala Lumpur.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
an hour ago
- CNA
Car workshops finding it hard to pivot as Singapore transitions to electric vehicles
Singapore aims to have its car population run on cleaner energy by 2030. Acting Transport Minister Jeffrey Siow said electric vehicles could allow roads to be built closer to buildings, as they are silent and non-polluting. The number of petrol cars in Singapore dipped by around 2.7% to stand at about 500,000 as of end-May. Electric cars saw an increase of close to 30% to around 34,000. However, car workshops are finding it hard to pivot, with technicians having to be trained in new, brand-specific technologies. Some EV makers said a highly capable talent pool makes Singapore well-prepared to deal with new EV technologies.
CNA
an hour ago
- CNA
Driverless mini buses could ply HDB estates in next 5 years: Acting Transport Minister Jeffrey Siow
Driverless mini buses could hit the roads in HDB estates within the next five years to supplement Singapore's public transport system. In his first interview with the media since taking on his new role, Acting Transport Minister Jeffrey Siow said a key focus will be to make public transport as competitive, if not better, than private options. He stressed that transport is a long-term effort, with projects stretching up to 15 years. Richa Mathew reports.
CNA
2 hours ago
- CNA
Singapore's Perennial among those seeking to bank on China's silver economy
As China seeks to quickly address the fast-growing healthcare needs of its ageing population, this has presented opportunities for the private sector and foreign investors. Singapore real estate and healthcare firm Perennial Holdings has opened the first private tertiary general hospital in China to be wholly owned by a foreign company. Perennial also has a 3.5 million square feet site, about the size of 40 football fields, which combines eldercare facilities, hotels and a medical cluster. China's silver economy is touted to exceed US$4 trillion by 2035. Lauren Ong reports.
