Asia will lead the world resource consumption trend

Asia will lead the world resource consumption trend

Standard Chartered Bank recently released a report saying that the rapidly developing Asian economy will exert greater pressure on food, energy and water resources in the next 20 years, and extreme weather conditions caused by climate change will intensify resource constraints.
The report pointed out that by 2050, Asia will certainly become the largest cereal consumer group. At present, Asia lacks sufficient land to produce the food it needs for its growing population. In order to further increase food production, crop production must be increased, which requires a large investment. Therefore, overseas investment in farmland will surely increase.
According to the GDP forecast in the report, even if it is more efficient and has other fuel substitutes, the price of crude oil will still double. During this period, China’s energy demand will increase by more than 150% by 2030, meaning that it will continue to acquire large amounts of energy from fossil fuels. Especially for coal demand, by 2030 the Chinese coal market will grow to 8.6 billion tons, accounting for 67% of global demand. The report believes that China, as the largest energy user, will continue to lead the development of renewable energy. In the transformation of the energy sector, there are substantial investment opportunities in the electricity sector in terms of carbon removal, biofuel production, transportation, industry, and construction.
The report also pointed out that the shortage of water resources has become a major issue in many regions, and climate variability has exacerbated the seriousness of the problem. Due to the fact that the actual distribution of water resources between countries and regions is not uniform, this issue belongs to management and regional differences rather than global availability issues. Relatively speaking, the increase in demand due to population growth and changes in consumption patterns has been the fastest among the least developed countries.

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