How to get Asia to net zero

Weaning the continent off fossil fuels will be difficult and costly

A blackout in Bangladesh on Oct 4 led to four-fifths of the country's 165 million people losing electricity for seven hours. PHOTO: AFP
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When the electricity cut out earlier in October in her flat in Dhaka, Ms Sabina Yeasmin’s first thought was for her 17-month-old daughter. Bangladesh’s capital fills with dengue-carrying mosquitoes at this time of year. With no working fan or air-conditioner, Ms Yeasmin could not put her toddler under the stifling mosquito net. A diesel shortage had put the backup generator out of commission. Even the price of candles had quadrupled. Ms Yeasmin could barely keep from crying.

The power cut that plunged her building into darkness on Oct 4 did the same to most of Bangladesh: four-fifths of the country’s 165 million people lost electricity for seven hours. Factories ground to a halt. Pumps in tenements ceased to work, depriving residents of water. The grid failure was an extreme symptom of an electricity shortage caused by geopolitics. Over the past decade, Bangladesh has added a lot of generation capacity to keep up with its growing economy, mostly by building natural-gas plants that run on imported fuel. Russia’s invasion of Ukraine pushed up the price of gas. Gulf gas producers have prioritised exports to Europe, which pays top dollar, over those to poor countries.

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