More vehicles
Submitted by ipsita on Thu, 2007-02-15 00:00
More energy insecurity
The Paris-based International Energy Agency's (IEA's) 2006 release, World Energy Outlook, foresees increasingrends in oil demand in Asia as the region's economy grows. It estimates that the region's oil use wil surge by 30 per cent, annualy. In 2003, India spent US$15 billion on oil imports: equivalent to 3 per cent of its GDP that year.
The Asian Development Bank (ADB) report of 2006, Energy efficiency and climate change considerations for on road transport in Asia, estimates that the transport sector is already using up 21 per cent of all energy worldwide. This sector will account for the maximum
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Publication Date:
14/02/2007