Renewable and nonrenewable energy in Myanmar’s economic growth

The Republic of the Union of Myanmar is located in the western part of the Indochinese Peninsula and has a number of peculiar economic features. Green energy accounts for a considerable share of the country’s energy balance. However, Myanmar is the second biggest source of greenhouse emissions among ASEAN states. The state revoked fossil fuel subsidies in 2007 to prevent its wide use, and three years later a military government was overthrown by a democratic one which attracted investments to the country. Trade liberalization and increased economic growth accelerated the production of renewable energy. Recently the growth of GDP in Myanmar has been amounting to 6.9% p.a.