The carbon green coal technologies. My question is on the shortterm energies and Contingency Planning for an Oil Supply Disruption. The questions are the region prepared in terms of Strategic Oil stocks or oil sharing plans for an Oil Supply Disruption. Is the institutional architecture of the region the various International Forum such as the iea, asean, asean plus 3, as well as the east asia summit. Are they up to the task in terms of the regions institutional framework in dealing with shortterm Energy Crisis such as an Oil Supply Disruption using tools such as oil stocks or oil sharing plants . If not, what can be done . That is a great question and it kind of brings out the reality that simultaneously we all together have to do two things. One is manage the situation in which one exists now and the other is put in place the tools and the institutional and tec technological that can help us to move forward. I would say from the u. S. Perspective, we think that this issue that you ra
Almost 20 percent. You can reduce wheat pit technician but 20 percent hit by introducing very high efficient coalfired plants. At the same time, this kind of hightech, highly efficient coalfired plant indicates a supercritical plan, it takes almost 1 billion to introduced those kind of like you would see. It is almost 40 percent more expensive compared to the conventional. If you compare the total cost, for example, is almost the same in the case subcritical. This initial cost should be financed. I need to encourage the countries to introduce possible technology and concerning coal power plants. And by doing so whee can avoid the deployment of load efficient coalfired plant which may be supported by finance. If you can effectively encourage them to introduce political far plants. Reduce by 20 parts of most. And in this situation is very important function hiss , first of all, theres a very high efficient cold power plant in operation, especially supercritical with very big strings of o
Infrastructure cost. You need to build the transmission. You need to build the terminals. There is a lot that needs to be built. Despite that huge growth, by the end of the following ten years, we still dont see the same Energy Access across asia that we see in japan or certainly not in the United States. For example, by 2024, despite the really unfathomable increases in electricity demand, they will have 2 3 for japan today to say nothing of asian or india. Huge gaps would remain even after the coming decade of growth. There even more challenges. How will japan replace the Nuclear Fleet that wont return. In japan there is very high tariffs for wind. Wind producers get incentive to produce, but there is arduous three or four years as opposed to taking a wind plant up. In korea, you have strong wind. China has lots of new policies to discourage or prohibit in some cases the citing new coal plants in the coastal provinces. Many of the technologies require an enormous amount of water and
Picture of the security in that way. The way asia is thinking and u. S. And not america and europe has slightly different perspectives. Thats why i want to start by the challenges we are facing. The conclusion will be understood by the many participants here. As you see that asia is growing into the Economic Growth that is exciting. Given the Economic Growth. That growth has many challenges. Not including the rising of Energy Demand. The rising of energy is not a good thing. We have to curb those Energy Demands. By various measures. And also with the growing population they have three points, 3 billion population. 600 million population and imagine how many population and united in terms of Energy Access. But clearly for electricity. In terms of Energy Demand in the region actually by now and as a whole, that Energy Demand will grow by double from 400 million up to 8,500 million. In terms of energy perspective, the enormous issue of how they secure Reliable Energy in terms of the affor
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