Draft 3
Reader Response Summary
In the article “How can Southeast
Asia’s clean energy transition be sped up” (Tim, 2019) addresses the issues
faced by countries in the Southeast Asia region, possible solutions and the
dire consequences of not taking the issue seriously. Southeast Asia is the only region that has not achieved low emissions
level but instead is increasingly contributing to it globally. For example,
Singapore can apply nuclear fusion or the implementation of hydrogen as a
“greener “fuel. However, such technology comes with a cost. The demand for
power will grow with the economic success in the region, and as such
policymakers and businesses have to seize this opportunity to make a change
through “building an energy infrastructure”, improving quality of life as
economies advance. Failing to do so will have an adverse impact on both the
climate, region and world. Based on the article, the region’s is behind on its
goal to reach the Paris Commitment. To
ensure that the region is able to make an impact in this transition, the
government needs to start collaborating with various industries and companies to
start implementing alternatives or solutions.
First of all, countries
within the region must take into account its own specific challenges and opportunities.
Razzouk (2019) stated that the attractive incentives from the coal industry
that the countries government stands to profit from is one of the barriers that
hinders the region’s transition towards clean energy. Singapore for an example,
taxes on fuel make up 1.35 per cent of total tax revenues. An alternative power
source would mean losses in taxes for the government. For the government to
support change, there has to be alternative ways for them to make up for the
lost in revenue.
Secondly, the region
is the biggest contributors in carbon emissions and that emissions levels are
increasing. Guo (2018) stated that with the remarkable growth in both
population, economic development and rapid urbanization. The energy demands for
the region will increase as well. Though sources of renewable energies are
available to tap from, coal stills remain as a key pillar in the energy sector
due to the vast reserves found across the ASEAN region. To be able to decrease
emissions, countries should look towards investments in research for a more
power-efficient economy, industry and ‘clean-coal’ technologies.
Lastly, the
region’s renewable energy solutions are undeveloped, this becomes an
opportunity for businesses to enter the market with the right government
support. Harris (2019) quoted that investors are attracted towards coal instead
of clean energy, and access to these renewable technologies has become cheaper.
Successful transition towards clean energy would lead to a decrease in air
pollution and an overall improvement in health among the people. It would also
lead to opportunities within the clean energy sector for businesses to enter
and make a stand.
In
conclusion, despite the abundance of alternatives compared to coal that
Southeast Asia’s have available, there are many obstacles for the countries
within the region to fully transit towards a more energy efficient region. Without
the government support, companies that offer clean energy solutions would be
less inclined to start up within the country. Along with the revenue that coal
generates through taxes, it would be hard for the government fill the gap without
ways the government can make up for the lost in revenue.
References:
Daubach, T. (2019). How can
Southeast Asia’s clean energy transition be sped up? Eco-Business. Retrieved
from https://www.eco-business.com/news/how-can-southeast-asias-clean-energy-transition-be-sped-up/
Guo, G. (2018).
Southeast Asia’s Clean Energy Challenge. TheDiplomat. Retrieved from https://thediplomat.com/2018/12/southeast-asias-clean-energy-challenge/
Harris, T. (2019). Asia
undermining efforts to reduce coal dependence. Eco-Business. Retrieved from https://www.eco-business.com/news/asia-undermining-efforts-to-reduce-coal-dependence/
Razzouk, A. (2019).
Renewables in Southeast Asia: Subsidies not required, thanks. Eco-Business. Retrieved
from https://www.eco-business.com/opinion/renewables-in-southeast-asia-subsidies-not-required-thanks/
Tan, C. (2016). Electric car Tesla
slapped with $15,00 tax surcharge. TheStraitsTimes. Retrieved from https://www.straitstimes.com/singapore/transport/electric-car-tesla-slapped-with-15000-tax-surcharge
Tan, H. (2019). ‘Coal is still king’
in Southeast Asia even as countries work toward cleaner energy. CNBC. Retrieved
from https://www.cnbc.com/2019/10/01/coal-is-still-king-in-southeast-asia-despite-clean-energy-efforts.html#targetText=The%20demand%20surge%20is%20primarily,is%20expected%20become%20more%20pervasive.
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