You are here: Home » News-CM » Economy » News
Business Standard

India, Philippines & Bangladesh were the strongest performers on electricity access and added around 4% points to electricity access rates-World Bank

Capital Market 

Asian Countries Are among Top Achievers on Sustainable Energy Progress

Asian countries are making a vital contribution to achieving global sustainable energy goals, a new World Bank report finds. But while the region performs strongly on ensuring electricity access for people and using more modern renewable energy, there is room for further improvement on energy efficiency and access to clean, smoke-free cooking.

The report is the second in a series that tracks the world's progress toward the three goals of the Sustainable Energy for All (SE4All) initiativeuniversal energy access, doubling the global rate of improvement in energy efficiency and doubling the share of renewable energy by 2030.

While the first edition from 2013 measured progress between 1990 and 2010, this edition focuses on the 2010-2012 period.

Asia accounted for about 60 percent of the global progress on energy access and clean energy objectives during 2010-2012according to the report titled Progress Toward Sustainable Energy: Global Tracking Framework 2015contributing well beyond its share of global population and energy consumption.

Asia's performance on expanding modern renewable energy (from sources like solar, wind and geothermal) was particularly strong. Whereas globally, consumption of modern renewable energy grew by 4 percent per annum during 2010-2012, in Asia that growth was almost twice as fast at close to 8 percent.

Asia also moved rapidly to expand access to electricity for its citizens growing the population with electricity by 0.9 percent annually over the tracking period 2010-2012, well ahead of the global rate of 0.6 percent.

And while the global population with access to clean, modern cooking fuels actually fell during 2010-2012, Asia showed a modest improvement in access, but still far short of what is needed.

However, Asia's progress on reducing the energy intensity of its economies with a compound annual growth rate of 1.3 percent annuallya commonly used measure of energy efficiencylagged behind the global average of 1.7 percent.

Some of Asia's larger economies are critical to the global effort to reach Sustainable Energy for All. The report highlights some strong performances during the 2010-2012 tracking period including:

India, Philippines and Bangladesh were the strongest performers on electricity access and added around 4 percentage points to electricity access rates.

Vietnam and Indonesia were particularly strong on access to clean, modern cooking fuels, and added around 3-4 percentage points to their access rates.

Japan and Indonesia stood out in reducing their energy intensity (commonly used as an indicator of energy efficiency) by a compound annual growth rate of around 5 percent.

Australia and China increased their renewable energy shares by about 1 percentage point each.

On a global basis, the report found that 222 million people worldwide got access to electricity between 2010 and 2012, still leaving 1.1 billion people without access to energy. Meanwhile, 2.9 billion people are still using biomass fuels like wood and dung. Most of this population is in rural areas of Sub-Saharan Africa, South Asia, and eastern Asia.

Also, while the world avoided using as much energy in 2012 as Japan used the same year, the report says energy intensity must decline at least 50 percent faster to achieve the SE4All energy efficiency goal.

Global consumption of modern renewable energy accelerated by 4 percent per year between 2010 and 2012, but must be closer to 8 percenttwo times the current rateto reach the SE4All renewable energy goal.

We are heading in the right direction to end energy poverty, said Anita Marangoly George, Senior Director of the World Bank's Energy and Extractives Global Practice, but we are still far from the finish line. We will need to work a lot harder especially to mobilize much larger investments in renewable energy and energy efficiency. Leveraging public finance to mobilize private capital is imperative in achieving these goals.

The Sustainable Energy for All Global Tracking Framework is produced jointly by the World Bank's Energy and Extractives Global Practice, the World Bank's Energy Sector Management Assistance Program (ESMAP), and the International Energy Agency, and is supported by 20 other partner organizations and agencies.

Powered by Capital Market - Live News

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 18 2015. 14:30 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU