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Powering South East Asia
About4.3billionpeopleareinAsia,comprising60%oftheworld’scurrenthumanpopulation.
That number is set to increase further as theworld’s population is projected to rise from
7billion tonearly9billion, with theglobal economyset todoublebetween2010 to2040.
We take a closer look at energy consumption in South East Asia.
Energy Efficient
Energy demand in SEA is expected to
grow significantly from 2010, nearly
doubling by 2040, but it is striking to
note that energy demand is growing at
a much slower rate than GDP. With this,
SEA is expected to be much more energy-
efficient in the future and to maintain it,
we should be more aware of the ways to
save energy.
Energy use riseswith improved living standards
In the developing world, rising living standards will continue to lift millions of people out of poverty. Fossil fuels will continue
tomeet most of their energy needs, with oil demand growth primarily in the transportation sector. Coal increases as it is cost
competitiveversusotherenergiesandprovidesasecuresupplysource. Gasgrows rapidlyforboth industrial useandelectricity
generationasdistributionpipelinesareexpanded. Asenergyconsumption increasesstronglysupportingan improvedstandard
of living and greater prosperity, there is also an increase in CO2 emissions, particularly from electricity generation, and the
transition away frombiomass.
Moving people and goods
Transportation-related energy demand
will nearly double. Almost 80% of this
increase will come from commercial
transportation such as heavy duty
vehicles (e.g. trucks and buses), aviation,
marine and rail. This is driven by strong
growth in freight traffic and increasing
incomes enabling air travel for a larger
part of the population.
The car fleet in SEA will more than
triple from about 20 million in 2010 to
over 75 million in 2040 as rising income
levels allowmany families to buy their first
car. This rapid growth is partially offset
as conventional vehicle fuel economy
improves and advanced technologies such
as electric and hybrid vehicles become
economic to a broader range of consumers.
Power Generation
Electricity demand in SEA is expected to
more than triple from 2010 to 2040 due
to higher income growth and increasing
industrial production. Urbanisation and
rising incomes are driving demand for
energy not just for basic needs but also
modern appliances and electronics.
Commercial Demand
In the commercial sector, demand
for energy will more than double as
urbanisation and increased personal
incomes support demand for offices,
schools, hospitals, shopping areas and
other public buildings.
Industrial Demand
Industrial demand growth is supported
by growth in heavy industries such
as steel and cement production and
general manufacturing, driven by rapid
infrastructure building in several countries
in Southeast Asia.