Planning for an energy future: Asia at a fork in the road
The challenge is to set up an energy portfolio based on future costs, as infrastructure lasts decades.
TEN years have passed since the first Singapore International Energy Week. In that time, the world's energy landscape has undergone a dramatic transformation, spurred by an unprecedented expansion in renewables.
Globally, new power-generating capacity from renewables has outstripped those fuelled by conventional sources for the last five years.
Growth in the power sector has been especially rapid. Between 2001 and last year, renewable generation capacity additions grew 10 times from 16 gigawatts (GW) to 161 GW. A fifth of the energy delivered to consumers comes from renewable sources. Wind and solar, which account for the bulk of renewable-energy investments, are now among the renewable sources that are economically competitive with conventional sources of power.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access