Asia is rapidly emerging as the powerhouse driving the global energy transition, with major developments unfolding across the continent. From Thailand and Malaysia to Japan and the Chinese mainland, Asian nations are at the forefront of the shift towards clean and sustainable energy sources.
Beijing is set to host the three-day China Energy Summit and Exhibition 2024 starting July 31, where global experts will converge to discuss critical issues such as energy security, climate change, and the low-carbon economy. The summit will highlight key topics including the roles of hydrogen and ammonia in meeting energy demand, energy security, and the future of the liquefied natural gas (LNG) market.
The importance of energy was underscored during the recent plenary session of the 20th Central Committee of the Communist Party of China, where the focus was on ecological protection, resource conservation, and green, low-carbon development. The resulting resolution emphasized the need to enhance ecological conservation systems, reduce carbon emissions, and pursue green development alongside economic growth.
The Chinese mainland continues to prioritize clean energy, positioning itself as a leader in the green energy sector. By investing in green hydrogen production and developing essential technologies, China is setting a global example for low-carbon development. This commitment has attracted international cooperation, with countries like Germany expanding partnerships in hydrogen technology, and Malaysia seeking China's expertise to develop its own green hydrogen industry.
Recent collaborations include an agreement between Malaysian company Semarak Renewable Energy and China Hydropower (Malaysia) Company to develop Malaysia's first large-scale green hydrogen production project using floating photovoltaic power generation. Additionally, China's Zhejiang Geely Holding Group plans to enter the Malaysian market with new methanol-powered vehicles, which have lower fuel emission damages compared to diesel.
Asia's leadership in the energy transition is further bolstered by its substantial role in the global economy. Asian nations are leading the production of electric vehicles and microchips, and are at the forefront of technological innovation. As Asia consumes the most primary energy worldwide, energy flows are increasingly moving eastward, reinforcing the region's pivotal role in shaping the future of global energy dynamics.
Reference(s):
cgtn.com
