In the last article in our series of “ASEAN Energy Insights”, Liam McHugh, WCA Policy Manager, reviews the call to action that the report ASEAN’s Energy Equation suggests as a future pathway for ASEAN Member States (AMS).
ASEAN’s Energy Equation provides analysis on the energy security and sustainable development opportunities that high efficiency low emission (HELE) coal technologies promote as identified in the ASEAN Plan of Action for Energy Cooperation (APAEC) 2016-2025.
Based on this analysis, the report ends with a three-point call to action:
Coal will play an increasingly prominent role in the ASEAN energy mix over the coming decades. Increased uptake of HELE coal technologies will ensure a holistic energy policy integrating social, economic and environmental imperatives.
With improved levels of support from partners, ASEAN should endeavour to enhance the level of action, including pledging to end the use of subcritical coal.
In recent years, there have been significant moves at the international level to reduce the financing options available for coal-fuelled power generation projects in developing countries. Changes in policy at the various international development banks have, in some cases, trickled down into smaller banks, private financial institutions and other development agencies. This presents a significant impact to ASEAN economic and social development. These restrictive policies also ignore the technological advancement of modern CCT and their potential to meet both energy and environmental objectives. AMS call on the international community to provide financial, technological and policy support to accelerate the regional transition away from subcritical coal to more efficient technology. WCA’s Platform to Accelerate Coal Efficiency provides a potential model.
ASEAN’s Energy Equation, co-authored by the World Coal Association (WCA) and the ASEAN Centre for Energy (ACE), is available to download here.