SECTOR BRIEFING number DBS Asian Insights DBS Group66 Research • July 2018 2030 Energy Mix – Key Regional Trends Marching Towards A Cleaner Future 19 DBS Asian Insights SECTOR BRIEFING 66 02 2030 Energy Mix – Key Regional Trends Marching Towards A Cleaner Future Suvro SARKAR Vice President Group Research
[email protected] Pei Hwa HO Vice President Group Research
[email protected] Patricia YEUNG Research Director Group Research
[email protected] Tony WU Senior Research Analyst Group Research
[email protected] William SIMADIPUTRA Senior Research Analyst Group Research
[email protected] Manyi LU Research Analyst Group Research
[email protected] Nantika WIANGPHOEM Associate Group Research
[email protected] Special thanks to Anuj Upadhyay and Sabri Hazarika for their contribution to the report. Produced by: Asian Insights Office • DBS Group Research go.dbs.com/research @dbsinsights
[email protected] Goh Chien Yen Editor-in-Chief Martin Tacchi Art Director 19 DBS Asian Insights SECTOR BRIEFING 66 03 04 Executive Summary 07 Energy Mix Transition Overview Global Energy Demand and Energy Mix Transition Forecast The Overlooked Driver of Demand – Energy Intensity Energy Mix Will Change as Shift Toward Cleaner Energy Marches On Focus on the US – State-Level Targets Driving Emissions Reductions Focus on India – 175GW Renewable Energy Goal Cost of Alternative/Renewable Energy Sources Continues to Fall Global Energy Mix Forecasts Key Global and Regional Energy 30 Trends 1. Increasing Importance of Gas in China’s Energy Mix 2. Increasing Clean Energy Sources in China’s Electricity Mix 3. Rise of Electric Vehicles and Impact on Oil Demand 4. US as Net Energy Exporter 5.