News analysis

The great fossil fuel conundrum: Asia's gas boom stirs unease

A liquefied natural gas tanker near a pier in Japan’s Yokohama city. One issue with gas, especially LNG, is that it leaves nations dependent on a commodity priced in US dollars and a global market that is highly volatile. PHOTO: BLOOMBERG
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SINGAPORE - The Asia-Pacific region consumes more than half of the world's energy, about 85 per cent of which comes from fossil fuels. What the region decides on energy policy therefore matters to global efforts to fight climate change.

Clean energy investment is growing but it is not yet meeting the region's burgeoning energy demands driven by rapid urbanisation, rising incomes and growing industries. Millions of people are also waiting to be connected to the grid.

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