Space Industry and Business News  
SOLAR DAILY
Asia Pacific to gain edge in low-carbon growth
by Daniel J. Graeber
Washington DC (UPI) Jan 20, 2017


disclaimer: image is for illustration purposes only

It will be the economies in the Asia Pacific region that could gain the global edge in clean energy technology in the age of protectionism, a consultant said.

Donald Trump vowed to make the United States energy independent by unraveling what his advisors see as burdensome regulations enacted by his predecessor, Barak Obama. While making reference to a need for alternative options, most of Trump's policy emphasis is expected to favor oil and natural gas.

Through Twitter, the president before his inauguration antagonized the U.S. auto sector with threats of hefty border taxes and tariffs. Ravi Krishnaswamy, a vice president for energy and environment issues in the Asia Pacific for consultant group Frost & Sullivan, said policies like that could push decarbonization momentum outside North America.

"With the rising protectionism across the world, issue of energy security will once again come to the fore in Asia Pacific," he said in a statement. "This will accelerate adoption of clean technologies which can be harnessed locally and those that are less impacted by global policy and price fluctuations."

Beijing issued a developmental white paper last year that outlined the approach to development under the guidance of the Communist Party of China, saying China is "committed to the concept of environment-friendly development."

The paper states that China has been at the forefront of the effort to infuse environmental protection with state policy, becoming the first country in the world to offer a sustainable development strategy in the 1990s.

Former President Barack Obama and Chinese President Xi Jinping agreed last year to collaborate on climate change by signing agreements outlined in the Paris deal, a deal Trump has vowed to abandon.

Outside of renewables, Frost & Sullivan said recovery in oil prices that emerged in the latter half of 2016 means new interest in refinery and petrochemical investments across the Asia Pacific. Nevertheless, analysis from the economists at the Organization of Petroleum Exporting Countries said full-year 2016 oil demand from the Asia Pacific was slightly less than the previous year.

According to OPEC, the region will need even less oil in 2017.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Solar Energy at SolarDaily.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
SOLAR DAILY
Capital One invests big in SolarReserve's Crescent Dunes solar energy project
Santa Monica CA (SPX) Jan 18, 2017
Leading investors around the world are looking for innovative companies and technologies that are part of the clean energy revolution, recognizing the tremendous economic and job creation opportunities that renewable energy brings. Over $7.7 trillion will be invested in power generation worldwide from 2013-2026, two thirds of which, about $5.1 trillion, will flow to renewables according to ... read more


SOLAR DAILY
Glass's off-kilter harmonies

ChemChina 'to file for anti-trust approval in US' for takeover

Breaking the optical bandwidth record of stable pulsed lasers

A toolkit for transformable materials

SOLAR DAILY
Northrop Grumman receives $140m BACN contract modification

Sharing battlefield information at multiple classification levels via mobile handheld devices

BAE Systems contracted for radio frequency countermeasure services

Harris secures $403 million tactical radio support contract

SOLAR DAILY
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

SOLAR DAILY
Oregon deploys DT Research Rugged Tablets for Construction Projects

China to offer global satellite navigation service by 2020

Austrian cows swap bells from 'hell' for GPS

Russia, China Making Progress in Synchronization of GLONASS, BeiDou Systems

SOLAR DAILY
Australia defends end of MH370 search, future hunt not ruled out

NASA research is key to future of air transportation

Taiwan begins F-16 upgrade program

Mystery remains as MH370 search called off

SOLAR DAILY
Apple antitrust suit: Qualcomm overcharged 'billions'

The speed limit for intra-chip communications in microprocessors of the future

China's largest chip company to build $30 billion semiconductor factory

Chip-sized, high-speed terahertz modulator raises possibility of faster data transmission

SOLAR DAILY
Study tracks 'memory' of soil moisture

SAGE III to Provide Highly Accurate Measurements of Atmospheric Gases

exactEarth reports initial launch for its second generation real-time constellation

Sentinel-2B launch preparations off to a flying start

SOLAR DAILY
Trump could enact sweeping changes to environment policy

China tells local meteorological bureaus to stop smog alerts

Researchers develop environmentally friendly soy air filter

Slovenian dogs sent 'crazy' by road salting mix-up









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.