Connect with us

Hi, what are you looking for?

Economy

Transport connectivity, cheap ICT access touted as climate-resiliency tools

GREATER TRANSPORT connectivity and access to information and communications technology (ICT) have roles to play in mitigating climate risk in the Asia-Pacific, the Economic and Social Commission for Asia and the Pacific (ESCAP) said.

In a recent report, ESCAP said: “Improved multimodal transport connectivity, for example, can reduce trade costs, enhance efficiency and competitiveness of doing business, and allow for the use of more environmentally friendly modes of transport.”

The report said affordable access to the internet and ICT infrastructures is also “essential to shaping an inclusive digital future and achieving sustainable development goals.”

ESCAP said Low Earth Orbital satellites, such as those operated by Starlink, a product of SpaceX Corp., could be one path to affordable access.

“The government of the Philippines believes that Starlink can provide reliable access to the internet, especially in rural areas susceptible to natural disasters, by mid-2023,” ESCAP said.

The report also noted the importance of mobilizing more investment in regional cross-border infrastructure and national grids.

“In the Asia-Pacific region, Australia, India and the Philippines, among others, have successfully managed private-sector investment in electric power networks. The investments in these countries are based on financial models that quantify the expected return and associated risk,” it added.

It added that power system connectivity can improve access to energy and mitigate climate change by reducing greenhouse gas emissions through the deployment and integration of renewable energy resources.

ESCAP also noted the proposed regional power grid in Southeast Asia, which would “fully integrate the power systems of all member countries and accordingly take advantage of the region’s diverse allocation of energy resources.”

“The interconnections would reduce the costs of power systems through economies of scale and shared investments,” it said. — Luisa Maria Jacinta C. Jocson

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

SEOUL/TOKYO — Japan on Monday put its ballistic missile defenses on alert and warned that it would shoot down any projectile that threatened its...

Economy

WASHINGTON — US President Joseph R. Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4-trillion debt ceiling...

Economy

MILAN — The waters in Venice’s main canal turned fluorescent green on Sunday in the area near the Rialto bridge and authorities are seeking...

Economy

ANKARA — President Tayyip Erdogan extended his two decades in power in elections on Sunday, winning a mandate to pursue increasingly authoritarian policies which...

Economy

CAGAYAN Valley pride Jan Clifford Labog shocked heavy favorite International Master Michael Concio, Jr. yesterday to seize a share of the lead with his...

Economy

Games Today (Ynares Sports Arena) 5 p.m. — Blackwater vs Terrafirma 7:30 p.m. — Converge vs Magnolia SHORT in numbers but not in heart,...

You May Also Like

Investing

Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...

Economy

THE MARCOS administration’s plan to revive the Philippine Sugar Corp. (PHILSUCOR) has raised concerns from stakeholders, who said this may duplicate other agencies’ existing...

Investing

Canary Wharf Group and The Felix Project, a food redistribution charity have agreed a long-term partnership that will see them join forces to tackle...

Economy

By Kyle Aristophere T. Atienza, Reporter AROUND eight out of 1,000 Filipinos are “modern slaves,” according to a global index that tracked populations’ vulnerability...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.