The Asia Pacific region already accounts for 60 per cent of global energy demand, and is forecast to continue growing hard in the coming decades, putting Asia at the forefront of significant changes in our global energy systems.
Despite the challenges linked to global warming, and massive investment in a wide range of renewable energies, fossil fuels seem certain to remain the foundation of most of the region's energy systems, though natural gas may displace some of our current reliance on coal.
In a future that will be increasingly electric, business-as-usual projections will nevertheless leave the region well short of achieving targeted CO2 emissions reductions, and much-needed reductions in energy intensity. Innovative breakthroughs in energy efficiency, renewables and carbon capture technology will be critical if targets are to be met.
The Asia-Pacific Economic Cooperation (APEC) Energy Demand and Supply Outlook, researched over the past three years by the Tokyo-based Asia-Pacific Energy Research Centre (APERC), has addressed all of these challenges, with some probing findings.
James M. Kendell, Senior Vice President of APERC, and a leading author of the report, will discuss his team's key findings, and the implications for energy policy in the Asia-Pacific. Co-researcher Jun Fang will discuss challenges specific to Hong Kong.