Renewable energy can save Southeast
Asia 2 trln usd in fuel costs - Greenpeace
Aug 23, 2007 - Thomson Financial
- AFX News
SINGAPORE - Shifting to renewable energy
could save Southeast Asian countries as much as two
trillion US dollars in fuel costs over the next 23
years, or more than 80 billion dollars annually, environmental
group Greenpeace said Thursday.
A shift from oil and coal could also
reduce carbon dioxide emissions by 22 percent in the
same period, it said in a report released to coincide
with a meeting of Association of Southeast Asian Nations
(ASEAN) energy ministers here.
in renewable energy -- geothermal, hydro, wind and
solar power as well as biomass and biofuels -- would
save countries 180 billion dollars a year and slash
carbon dioxide emissions in half by 2030, Greenpeace
Carbon dioxide sent into the atmosphere has
been blamed as a major contributor to climate change.
While upfront investment costs are higher for renewable
energy, the long-term savings are greater, Greenpeace
However, Southeast Asian energy ministers and
officials from China, Japan and South Korea who joined
them later at a meeting in Singapore on Thursday indicated
that shifting would not be easy.
In a joint communique
issued after their one-day meeting, they said that
with robust economic growth, the region's demand for
oil 'will continue to increase, especially in the
They also 'recognised that
coal will play an important role in the regional energy
supply,' in sharp contrast with Greenpeace's position
calling for a moratorium on the building of new coal-fired
They acknowledged efforts of some countries
to explore the peaceful use of nuclear energy and
encouraged dialogues to discuss more viable nuclear
Greenpeace had urged the ASEAN energy
ministers to scrap plans to harness civilian nuclear
energy and focus resources on developing renewable
sources that are abundant in the region.
Indonesia and the Philippines have among them the
biggest geothermal resources in the world, Greenpeace
ASEAN members have committed to increase the
share of renewable energy in power generation to 10
percent by 2010.