Asia’s energy use seen exceeding share of global economy – ADB

The share of developing Asian countries, including the Philippines, in global energy consumption will remain higher than their share of the global economy, Manila-based lender Asian Development Bank’s (ADB) said in a report released this week.

ADB’s Independent Evaluation Department said that developing Asia accounted for a third of global energy consumption in 2010, which under one ADB scenario is projected to rise to 56 percent by 2035, when the region’s share of the world’s gross domestic product is forecast at 44 percent.