Energy Conservation in Rapid‐Growth Economies of Asia

Energy demand, including demand for petroleum, is expected to increase at a faster rate in the rapidly‐developing nations of East and Southeast Asia than elsewhere in the world through the turn of the century. In the aggregate, the countries of this region are heavily dependent on imported oil, coal and natural gas. Rapid industrialization, electrification and increased consumer demand for energy‐consuming durable goods and housing underlie the expected strong growth in energy consumption. Substantial scope for greater economy in energy‐use exists in the industrial and transport sectors but effects in these areas will require effective management and institutional support in addition to getting prices right. In the context of balance of payments and external debt considerations, and the continued growth of energy consumption in East and Southeast Asia, improving energy conservation will be of great importance in lessening the likelihood that future economic development will be constrained by energy problems.