Asia Pacific could become a global leader in the energy transition“The Asia Pacific region is the largest power generation and renewables market today, but it’s also the most diverse. Each nation has different local resources, economic factors, and political situations that drive it. To balance the steps needed to decarbonise with economic reality, renewables and electric vehicles (EVs) will be key to this region’s transition,” said Jom Madan, Energy Transition Research at Wood Mackenzie. Carbon Capture, Utilisation and Storage (CCUS)   “The Asia Pacific region is accounting for a third of global oil demand, a quarter of global gas demand, and 80% of global coal demand. But it doesn’t produce enough to meet this demand on its own,” said Nazar.    Wood Mackenzie’s Energy Transition Outlook report (part of our Energy Transition Service) maps three different routes through the energy transition with increasing levels of ambition – but also difficulty and investment. They are our independent assessment of what it would take to deliver on countries’ announced net zero pledges and potential outcomes for the planet.  Base case –Country pledges scenario –Net zero 2050 scenario -Vivien Lebbon, T: +44 330 174 7486, E: [email protected]   Wood Mackenzie is the global insight business for renewables, energy and natural resources. Driven by data. Powered by people. In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That’s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience in natural resources. Today, our team of over 2,000 experts operate across 30 global locations, inspiring customers’ decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make bold decisions when it matters most. For more information, visit woodmac.com
(GlobeNewsWire)