Twitter headlinesOther Asia
[Due to the increasing size of the archives, each topic page now contains only the prior 365 days of content. Access to older stories is now solely through the Monthly Archive pages or the site search function.]
ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average
April 27, 2009
Southeast Asia, one of the most vulnerable regions in the world to climate change—due to its long coastlines, high concentration of population and economic activity in coastal areas, and heavy reliance on agriculture, natural resources, and forestry—is likely to suffer more from climate change than the global average, according to a new Asian Development Bank (ADB) study, titled The Economics of Climate Change in Southeast Asia: A Regional Review.
The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7% of combined gross domestic product (GDP) each year by 2100, more than twice the projected global average loss.
More... | Comments (1) | TrackBack (0)
Sasol to Build Coal-to-Liquids Facilities in Indonesia with 1.1M Barrels per Day Capacity
December 26, 2008
Sasol will build coal-to-liquids plants in Indonesia with a targeted combined capacity of 1.1 million barrels per day. Production is expected to begin in 2015, according to Indonesia’s Department of Energy and Mineral Resources. Feasibility studies are currently underway.
Although a member of OPEC since 1962, Indonesia became a net importer of oil in 2004 as a result of rising domestic consumption and declining production due to disappointing exploration efforts and the decline of Indonesia’s large, mature oil fields. Indonesian oil production peaked in 1991 at 1.669 million barrels per day, according to the BP Statistical Review of World Energy 2008; production in 2007 was 969,000 barrels per day. The Indonesian government earlier this year agreed on a production target for 2009 of 960,000 barrels per day.
