Vietnam will likely face a power shortage if electricity generation is not increased and there is not enough fuel (coal and gas) for generation. It is forecast that the demand for electricity will continue to grow at a high level and insufficient power supply could lead to a heavier reliance on imported fuel, especially in power generation, while the higher demand would also place greater pressure on power infrastructure.
Across the globe, a clutch of companies from Oxford, England to Redwood City, Calif. are working to commercialize a new solar technology that could further boost the adoption of renewable energy generation. Earlier this year, a startup received $3 million from the U.K. government to develop the technology, which uses a new kind of material to make solar cells.
Credit Suisse predicts new solar capacity will top out at 80 GW this year but then rebound to 94 GW next year, thanks to a 2 GW leap in installations in China on this year’s figures, a similar rise in India and a whopping 6 GW advance in the U.S. The report’s authors foresee 152 GW of solar capacity being added in 2022 thanks to favorable policy, corporate demand and popular support.
The 2015 COP21 was a landmark moment in the fight against climate change, not just because against the odds, 195 nations had come together to pledge to limit temperature rises to no more than two degrees, but because of the ramifications it would have on sustainable investments. A new IFC report indicates Asian cities will pull in more than US$20 trillion in climate investments in six important sectors by 2030.
Asia has been battered in 2018 by a series of extreme weather events such as floods and typhoons, and the prospects for coming decades are bleak with rising temperatures set to spur even more severe cases of inundation. While many governments are taking steps to reduce climate change-inducing emissions, with an onus placed on companies operating in the region to protect themselves against environmental threats.
The Electricity Generating Authority Thailand has turned its back on coal-fired power plants for now after years of fruitless attempts to build them in southern Thailand. Two projects are now on hold, deleted from the just-released draft 2018 Power Development Plan, which sets out the country’s long-range energy goals and ambitions.
The Green New Deal is the most popular policy hardly anyone has heard of yet. Eighty-two percent of Americans say they have heard nothing about the proposal to generate 100 percent of the nation’s electricity from clean sources within the next 10 years. But when asked “how much do you support or oppose” the policies, 81 percent say they somewhat or strongly support the plan.
Thailand's power-generating capacity will be deregulated in the near future, meaning the state-run Electricity Generating Authority of Thailand must compete with private firms at auctions for new large power plants, according to the tentative national PDP. The latest version of the PDP is envisioned as the long-term development plan for the power industry over the next two decades.