Renewable energy major solution to energy challenges in APAC
That was underscored the head of the United Nations Economic and Social Commission of Asia and the Pacific (ESCAP) at the Singapore International Energy Week.
“New ideas, technological advancements and innovative market-driven financing solutions are instilling confidence that universal energy access in the region is achievable within this generation.”
United Nations Under-Secretary-General and Executive Secretary of ESCAP, Dr. Shamshad Akhtar, said that in her keynote address at the inaugural Energy Access Forum, jointly organized by ESCAP and the Energy Market Authority of Singapore.
Technologies such as solar power, mini-grids, hybrid systems, biogas and micro hydropower are also poised to make an impact for energy access in the region.
“Technological shifts have increased the viability of decentralized power options, in many cases offering lower costs than grid-extensions to remote locations,” said Dr. Akhtar, further calling on stronger collaboration with the private sector to take advantage of these trends and scale up efforts to ensure that universal energy access is achieved.
Dr. Akhtar highlighted that while remarkable progress in the region has improved energy access in recent years, nearly half a billion people in Asia and the Pacific still lack access to electricity, with 350 million of them in South Asia alone.
Dr. Akhtar also participated at the Singapore Energy Summit on 24 October where she shared her insights on finding the balance between energy access and sustainable growth in this increasingly expanding and urbanizing region. ■