HP Viewpoint: Transportation and alternative fuels in Asia
The region is facing tremendous pressure to develop a radically different energy and power mix.
The dynamics of energy markets are increasingly determined by the emerging economies, particularly those in Asia. The World Energy Outlook 2011 (WEO-2011) projects that, over the next 25 years, 90% of the projected growth in global energy demand will come from non-Organization of Economic Cooperation and Development (non-OECD) economies, with China alone accounting for more than 30%.
Transport is one of the major global consumers of energy, and, therefore, it has an important role in the global energy policy going forward. Cheap and reliable supplies of transportation fuels are the very lifeblood of our globalized economy. The WEO-2011 reckons that non-OECD car markets will expand subst
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