In the fourth of our series of ‘ASEAN Energy Insights’, Liam McHugh, WCA Policy Manager, reviews the emission reduction benefits of high efficiency low emission (HELE) coal deployment in ASEAN compared to renewable deployment in advanced markets
ASEAN's Energy Equation considers a hypothetical scenario in which policy makers had $1 billion to spend with the objective of producing the highest levels of electricity with the lowest emissions profile. The graph below plots several potential approaches:
Deployment of HELE technology in coal markets is one of the most efficient strategies to limit global emissions of CO2. Despite this, however, HELE does not benefit from the same profile as other mitigation technologies, such as wind and solar. Providing a level playing field for all mitigation technologies will ensure the climate and energy debate is framed to consider the full value and costs of electricity generation.