Nailing down that potential will take time, effort and investment, but opportunities for sector growth are being strengthened by policy moves across the region as various governments respond to the increasing impact of climate change.
According to a new report from the International Energy Agency (IEA), Southeast Asia’s energy security is being put at risk by climate change-driven heatwaves, floods, droughts, tropical cyclones and rises in sea levels.
Such impacts, the report states, is affecting everything from fuel extraction to electricity distribution, with rising temperatures impairing the functionality of solar PV and natural gas-fired power plants. At the same time, heavy rainfall and flooding is disrupting established coal and mineral mining operations.
The IEA conclusion is that the region needs to develop a climate-resilient energy system to overcome these issues.
The challenge for biofuels’ developers is to ensure their products and processes become a solid and progressive part of this vision of the future.
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