The Philippines,
along with its neighbours in Asia, must improve energy efficiency, widen access
to electricity, and prioritise renewable energy supplies in order to sustain
its growth path, according to the Asian Development Bank (ADB).
Asian countries including the Philippines are seen to
remain heavily dependent on energy imports especially oil “in the foreseeable
future” or at least until 2035, the ADB said in its study, “Outlook 2013:
Asia’s Energy Challenge”.
Much of the projected surge in oil imports will be
driven by increasingly well-off Asians trading public transport for private
cars, further whetting the region’s thirst for imported oil despite efforts to
curb dependence on fossil fuels.
Energy consumption is also expected to grow much more
quickly to fuel their economic growth.
The ADB also cited country-specific factors in its
study.
“In the Philippines, the contribution of [renewable
energy] will shrink from 43 per cent in 2010 to 14 per cent in 2035, by which
time proven indigenous gas and coal reserves will be depleted,” ADB said.
It also noted how in 2010, 16 million Filipinos, or
about 17 per cent of the country’s population, lacked access to electricity,
and access would only improve with improved energy efficiency and more energy
investments.
In the Philippines, about half of fuel inputs for
power generation in the country come from renewable energy, where capacity is
at present concentrated on hydropower, according to Mario Marasigan of the
Department of Energy’ Renewable Energy Management Bureau.
Still, the Philippines wants to triple its renewable
energy capacity by 2030 while ensuring reliable and efficient energy supply for
businesses and households alike.
The Philippines needs about 556.7 billion pesos
(US$12.9 billion) worth of investments from 2012 to 2030 to meet its programme
targets, according to a presentation by Energy Secretary Carlos Jericho
Petilla.
By 2035, ADB said, most Asian countries will produce
less than half the energy they need, and many will produce only a tiny
fraction. Only three countries in developing Asia—Azerbaijan, Brunei
Darussalam, and Kazakhstan—are energy self-sufficient.
ADB said that by 2035, the Philippines, Thailand and
Vietnam will have self-sufficiency rates similar to Japan—that means all will
remain dependent on imported fuel.
Riza T. Olchondra
Philippine Daily Inquirer
Business & Investment Opportunities Saigon Business Corporation Pte Ltd (SBC) is incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Health care and Life Science with expertise in ASEAN 's area. We are currently changing the platform of www.yourvietnamexpert.com, if any request, please, contact directly Dr Christian SIODMAK, business strategist, owner and CEO of SBC at christian.siodmak@gmail.com. Many thanks.
No comments:
Post a Comment