SINGAPORE, Feb 22 (Bernama-GLOBE NEWSWIRE) — Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of global primary energy demand and a 60% share of global carbon emissions until 2050. This trend is unlikely to change without strong policy action and investment. However, the region still has the potential to turn these challenges into opportunities and become a global leader in the energy transition, according to ‘Wood Mackenzie’s Asia Pacific Energy Transition Outlook (ETO)’ report.
This report is part of Wood Mackenzie’s ETO research series, which analyses three different pathways for the energy and natural resources sector*.