The global energy landscape is changing. Among the driving forces are a collapse in the cost of renewable electricity, the coming of age of LNG as a globally-traded commodity and a rise in environmental concerns, including urban air quality and climate change. Asia’s economies are large and growing fast, their energy systems are very carbon-intensive and many among the world’s most polluted cities are in Asia.
It is no surprise, therefore, that Asian governments are seizing on the collapse in renewables’ cost and growing availability of LNG to push for greener energy systems. They do so in different ways, at different paces, which reflect national preferences, natural endowments and factors such as the role of the state in the energy sector. While doing so, they tend to maintain a preference for economic and social development as the organising factor of their energy policy.
Experts will analyse these issues at a roundtable discussion in Singapore on 26 October, hosted by IISS as part of Singapore International Energy Week. This session will explore how the economic and energy dynamics in Asia are crucial to global environmental ambitions as reflected in the Paris agreement, as well as appreciate the opportunities and constraints faced by Asian governments as they make energy policy choices.
The first part of the session will look at global trends in the so-called energy transition, as well as economic and energy dynamics in China and India. The second part will take a closer look at the strategic energy choices and policy challenges of India, the fastest-growing of the large Asian developing economies.