Coal is the primary
fuel source for
electric power
electric power
generation in
Southeast Asia.
Southeast Asia.
And global
coal demand
is still rising.
Jacqueline Tao,
research associate
at Wood Mackenzie,
a commodity
consultancy, said:
“ ... the reality
of rising power demand
and affordability issues
in the region
mean that we will
only start to see
coal’s declining power
post-2030 ... Coal is still
king in Southeast Asia’s
power market."
By 2040, coal
will account for 36%
of Southeast Asia’s
energy mix for
power generation,
according to
the consultancy.
The demand surge
is primarily driven by
Indonesia and Vietnam,
accounting for almost
60% of Southeast Asian's
rising power demand
by 2040, said Tao.
China needs to cut politically
sensitive air pollution at home,
yet the country has been
investing massively
in coal projects
outside its shores.
Japan and South Korea
are also pumping money
into the fossil fuels.
The Australia and
New Zealand region
continues to be
the world’s top
coal exporter,
followed by other
non-OECD Asia,
which is mainly
Indonesia.
By 2050, Australia
accounts for 33%
of global coal exports,
and other non-OECD
Asia accounts for nearly
35% of global coal exports.