Black & Veatch: Decarbonization Roadmaps First Step to Fair Energy Transition in Asia
Customized, implementable decarbonization roadmaps key to advance the region’s climate and sustainability agenda
SINGAPORE--(Business Wire / Korea Newswire) February 14, 2022 -- Clear and ambitious decarbonization roadmaps will help Asia achieve an equitable energy transition, yet more than 50 percent of industry respondents in Black & Veatch’s 2022 Asia Electric Report lack such plans.
As more integrated generation, transmission and distribution energy solutions will be needed to support Asia’s net-zero commitments, strategic decarbonization planning and road mapping will facilitate the evaluation of existing and emerging technologies and steer decision-making over five, ten and twenty-plus year time horizons.
The future of energy will include harnessing natural resources like solar and wind power, hydro resources, new biofuels, battery chemistry and integrated vehicle charging infrastructure. Green hydrogen is emerging as an alternative fuel of the future, given its potential in decarbonizing power generation and transport, heating domestic and commercial buildings, and supporting industrial feedstock and hard-to-abate industrial processes.
“As a global full-service infrastructure provider with technical and commercial expertise, Black & Veatch is working with clients across industries and regions to identify sustainable pathways that balance the necessity of adopting decarbonized solutions with maintaining competitive advantages and supporting economic growth.
“To meet the diverse energy needs of developed and developing Asia, key stakeholders will require different road mapping programs, and related implementation support, to move initiatives from planning to execution stages in efforts to achieve fair and just energy transition objectives,” says Yatin Premchand, managing director, APAC, Black & Veatch Global Advisory.
Key stakeholders include governments, financiers, utilities, energy companies, transportation and logistics providers, and large energy consumers.
Premchand will discuss other key strategies for a fair energy transition in Asia at the Economist Impact’s Sustainability Week Asia on 14 February during the panel discussion, “Power disrupted: A fair energy transition in Asia.”
The U.S. Trade and Development Agency (USTDA) has awarded a grant to Thailand’s SCG International to study the best path for accelerating electric vehicle (EV) adoption at hundreds of sites across SCG’s portfolio of business, including cement. Black & Veatch will be providing a strategic roadmap for SCG’s decarbonization of its transportation fleet.
According to Black & Veatch’s 2021 Corporate Sustainability, Goal Setting and Measurement Report, more than 80 percent of companies surveyed with revenues greater than US$250 million have set decarbonization goals, yet 25 percent have set goals at such a level that they are unsure how they will meet them.
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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