The organisation’s executive director Fatih Birol told CNA’s Roland Lim the reasons for these projections on the sidelines of the Singapore International Energy Week.
New: You can now listen to articles.China was responsible for more than 60 per cent of global oil demand growth over the last decade, to cater to its rapidly expanding economy, Fatih Birol noted. That has since changed.
“In the rest of the world, we see global coal demand is declining, but in China, we saw last year, coal demand increased mainly … as a result of China’s hydropower ,” he said.THE NEED FOR CLIMATE FINANCING But only 15 per cent of this US$2 trillion sum will be used for emerging economies, where two-thirds of the global population live.ASEAN states have to ‘work very closely’ to tackle region’s climate change risks, says bloc’s sec-gen
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