Energy Storage for Renewable Energy Integration in ASEAN
This study investigates the economics of using hydrogen to store renewable energy and subsequently consumed by downstream applications in ASEAN and East Asian countries.
In 2017, the transport sector was responsible for 26% of total final energy consumption (TFEC) in ASEAN, and 80% of gasoline and diesel consumption. It was also responsible for 23% of the region's GHG emissions that year. All this has made reducing oil consumption in the sector a priority for the ASEAN Member States.
2.2 Modelling Results: Baseline Scenario ASEAN has shown rapid growth in energy demand across all Member States and end-use sectors, particularly since 2005, reaching 375 million tonnes of oil equivalent (Mtoe) in 2017.9This trend is expected to continue until 2040, in conjunction with growth in the region's GDP and population.
Greener transport:In 2017, the transport sector was responsible for 26% of TFEC and 23% of GHG emissions in ASEAN. Two key approaches, adoption of electric vehicles and substitution of oil products with biofuels, can help Member States to reduce oil import dependency and improve energy security.
In terms of physical infrastructure, 7 of 16 key power interconnection projects have been completed, increasing regional cross-border transmission capacity to 2,275 MW, as shown in Table 4. Leveraging the improved connectivity, power trade among ASEAN Member States has grown substantially.
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