ADB eyeing to boost clean energy program: Kuroda - AFP

[Eugene]

Source: Agence France-Presse

ADB eyeing to boost clean energy program: Kuroda

Tue Jun 26, 2:19 AM ET

MANILA (AFP) - The Asian Development Bank (ADB) said Tuesday
it was planning to boost its clean energy program to one billion
dollars annually amid warnings Asia's contribution to green gas
emissions could get worse.

ADB president Haruhiko Kuroda said the region faced a "daunting
challenge in securing energy" and expanding economies needed
to spend more on clean energy technologies.

-snip-

A major chunk of the investments would likely go toward coal-
fired power plants to produce electricity, leading to global
carbon dioxide emissions of over 40 billion tonnes in the next
23 years, he said.

-snip-

He said developing countries should be encouraged to "explore
possibilities for renewable energy sources, such as wind, solar
and bio-fuels." They should also explore trade schemes or taxes
on emissions to fund cleaner energy investment.

-snip-

Read more: http://news.yahoo.com/s/afp/20070626/sc_afp/asiaadbenergyenvironment_070626061938

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Source: Associated Press

Asian Bank Endorses Clean Energy

Tuesday June 26, 2007 11:31 AM

By MICHAEL CASEY

AP Environmental Writer

BANGKOK, Thailand (AP) - Asian governments must promote
clean energy such as wind and solar power to maintain
their booming economies and reduce greenhouse gas
emissions in coming decades, the Asian Development Bank
said Tuesday.

Environment groups have criticized the Asia bank and other
institutional lenders in recent years for funding conventional
energy projects like coal-fired power plants while largely
ignoring renewable energy.

The bank increased its annual spending on clean energy to $1
billion this year. But coal, an extremely dirty fuel blamed for
global warming, will remain a primary energy source in the
decades to come because it is relatively cheap and plentiful.

-snip-

Read more: http://www.guardian.co.uk/worldlatest/story/0,,-6736703,00.html

[eppur_se_muova]

1. "Asia's contribution to green gas emissions"? I'd stay away from green gases. nt