16 Oct 2013

Energy demand in Pacific projected to double by 2035

11:40 am on 16 October 2013

The Asian Development Bank says energy demand in the Pacific region is projected to more than double from the equivalent of 3.6 million tons of oil by 2035.

The ADB's Energy Outlook for Asia and the Pacific notes that while these high energy demands present significant challenges, energy efficiency and renewable energy options hold great promise.

The ADB says reliance on imported fuels for power generation hinders development in the Pacific, where electricity prices are among the highest in the world.

The report says Fiji is endowed with hydro resources but still partially relies on expensive imported fossil fuels and warns that this dependence on imported oil makes the country vulnerable to international price fluctuations.