The fossil fuel is undergoing an unexpected renaissance in the region.
Although beset by different challenges and endowed with different means to tackle their energy problems, it seems that Asia’s three largest economies have found one answer: high-efficiency low-emissions coal plants and carbon capture technologies. It’s becoming clear that, much like renewables have greatly progressed in terms of potential and costs, the coal plants being deployed in 2017 (and beyond) have little in common with the proverbial smokestacks of the 1950s and 1960s.
Just a few short years ago, few would have dared to predict that coal could have a future in the energy policies of emerging and developed countries alike. Yet the fossil fuel is undergoing an unexpected renaissance in Asia, buoyed by technical breakthroughs and looming questions about squaring development with energy security.