ICEM study indicates that 25% target for renewable energy by 2025 is realistic and sustainable in the GMS
HANOI, VIETNAM – 8 August 2013: The Greater Mekong Subregion (GMS) is currently experiencing a massive expansion of power projects, which are projected to cause immense social, economic and ecological impacts. Emissions from power plants here are expected to exponentially increase over the next 15 years, with far-reaching implications for public health, livelihoods and the environment.
Managing the GMS power development in an environmentally and socially sustainable manner is a huge challenge. However, as part of a major project to investigate regional potential for renewable energy, ICEM has recently developed scenarios which indicate that a 25% target for renewable energy in the region by 2025 could be realistic, cost effective and more ecologically sustainable than current power development plans. Scenarios with greater energy efficiency appear even more sustainable.
ICEM’s director Dr. Jeremy Carew-Reid said: “Current usage of renewable energy sources in the GMS make up about 2-5% of total energy supply. However, a 25% target for renewables is a realistic balance for GMS countries to work to achieve. This would reduce difficult trade-offs between economic, social and environmental factors and help to ensure energy security in the region. ICEM have shown through our scenario modeling that green growth can be achievable and cost-effective in the GMS.”
The findings are part of an ongoing Strategic Environmental Assessment (SEA) by ICEM, funded by the Asian Development Bank (ADB) and the French Development Agency Agence Française de Développement (AFD) which has focused on ways to ensure sustainable regional power development*. A GMS Database has been developed, tracking the regional power plans, considering power plant location, capacity and outputs per year until 2025**. This database provides a comprehensive overview of national and regional power plans. The consolidated data provides a baseline for modeling future […]