Business Chief APAC+ANZ Magazine December 2021 | Page 67

Vietnam
Taiwan
TOP 10

08

Vietnam

0.7 % Global Consumption
Global Position 16
Vietnam is one of the new nations that signed up to the Powering Past Coal Alliance ( PPCA ) at COP26 and it is significant in that it is one of the developing nations that had ambitions to build more coal-fired power stations . Last year , coal accounted for 43 % of Vietnam ’ s electricity generation , and a recent GlobalData report estimated power consumption will rocket by 70 % by 2030 – leaving a significant gap to be filled .

07

Taiwan

0.8 % Global Consumption
Global Position 14
Taiwan has struggled to keep pace with increasing pressure on demand for manufacturing , including semiconductors , and despite trying to move to other power sources , it has struggled – for instance , the recent drought meant lower hydro output . This shortfall has heightened the need for reliable power , and that currently means coal .
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