THE 34th ASEAN Ministers for Energy Meeting (AMEM) in Nay Pyi Taw yesterday reached an agreement to speed up joint efforts to implement the Renewable Energy Support Programme for ASEAN (ASEAN-RESP).
The programme is being jointly implemented by the ASEAN Centre for Energy (ACE) and the German International Cooperation (GIZ) with the aim of hitting the target of 23 per cent renewable penetration in the region by 2025.
At the meeting, the International Renewable Energy Agency (IRENA) and the ASEAN Centre for Energy (ACE) evaluated the potentials, costs and benefits of renewables in the region, with an expert providing technological options in dealing with a diversity of renewable energy sources in the region.
Research shows that the ASEAN community will see a 50% increase in energy demand by 2025. The Asian bloc will have to spend an estimated US$225 billion on the measures to deal with the costs of health and pollution hazards resulting from an increase in the production of energy by 60 per cent.
IRENA suggested investing more in fulfilling 23 per cent of its energy needs from renewable sources so as to mitigate the risk.
Indonesia, Malaysia and the Philippines have turned to biomass and solar energy systems to meet their energy demands in line with ASEAN’s guidelines for renewable energy.—Thant Zin Win