High-efficiency, low-emission (HELE) coal-fired electricity generation technology will play a critical role in South-East Asia’s future economic prosperity and climate policies, according to a new report from ASEAN Centre for Energy and the World Coal Association (WCA).
The new report confirms that HELE coal technology will provide affordable and reliable electricity to more than 600 million people in the region while dramatically reducing emissions.
The report conducts a comprehensive cost-benefit analysis of climate, energy and sustainable development policies in ASEAN nations, which are set to increase their electricity demand significantly in coming years.
It finds that if ASEAN shifts its coal-fired power generation capacity to a modern, low emissions fleet by 2035, the region would reduce its cumulative emissions by 1.3 billion t, equivalent to the annual emissions of the US, China and the European Union combined.
The new report is consistent with other projections by leading energy analysts. A recent report from the Oxford Institute for Energy Studies concluded that based on current national power plans, South East Asia’s coal capacity will reach 148 GW by 2025, a 139% increase on 2015.