Asia’s Low-Carbon Economy
Abstract
The Asian Century cannot be realized without transforming the region’s energy systems. Economically accelerating pre-Lewis Turning Point nations like India, Indonesia, and Vietnam are pushing for energy self-sufficiency. Slowing down post-LTP nations like China, South Korea, and Japan are shifting from coal and oil to renewable energy and the low-carbon economy. The global oversupply in liquefied natural gas benefits Asia, a net energy importer, especially India and Thailand. Asia is the largest market for renewable energy – solar, wind, and hydro. China is the largest market for electric vehicles. Japan and South Korea have the highest EVs penetration. In the lithium-ion age, Asia’s energy systems will be decentralized on smart grids and for consumer, commercial, and industrial use.
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