Asia's $350 billion gas build-out stirs energy debate
That boom is aimed at allowing economies including China, the Philippines and Vietnam to avoid burning more coal, although it still risks locking in the use of fossil fuels for decades.
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That boom is aimed at allowing economies including China, the Philippines and Vietnam to avoid burning more coal, although it still risks locking in the use of fossil fuels for decades.
Asia is pumping billions of dollars into new gas infrastructure, making the region pivotal in a debate over the role of the fossil fuel as the world aims to curb emissions.
A planned $379 billion expansion of gas infrastructure in Asia risks becoming stranded assets as the world turns away from fossil fuels, a new report by the San Francisco-based Global Energy Monitor (GEM) said on Tuesday.The gas build-out ...