East Asia & Pacific Energy Report - Energy Transformation is Within East Asia's Reach - at a Price, says World Bank Report

Singapore - The six major energy-using countries of East Asia could stabilize their greenhouse gas emissions by 2025 without compromising growth, a new World Bank report has found. The report, Winds of Change: East Asias Sustainable Energy Future, says major investments in energy efficiency and a concerted switch to renewable sources of power in China, Indonesia, Malaysia, the Philippines, Thailand and Vietnam could simultaneously stabilize greenhouse gas emissions, increase energy security while improving local environments. According to the report, a 10-fold increase in GDP in East Asia in the last three decades has led to a tripling of energy consumption which is expected to double again in the next two decades as the urban population increases by 50 per cent and industrialization of the region continues.