Building the future energy markets in emerging Asia
With countries such as Indonesia and the Philippines trying to increase domestic energy capacity, Alex Davis examines how both emerging nations in the Asia-Pacific rim and international banks and energy firms can iron out nascent market risks
Alongside China, the emerging markets in the Asia-Pacific rim are all frontrunners to dominate the new world order for energy and commodity markets. The global economic meltdown in 2008, which hit the US and Europe hardest, may well be seen in future years as the changing of the guard, running as it did parallel to the breathtaking economic growth both in China and the rest of the Asia-Pacific region.
According to HSBC's grandiose report The world in 2050, released at the start of this year, by
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