Experts seek to accelerate clean energy deployment
26 Jun '07
3 min read
“Clean energy, including energy efficiency and renewable energy, needs to be actively promoted,” Mr. Kuroda said. “Developing countries should be encouraged to explore possibilities for renewable energy sources, such as wind, solar, and bio fuels.”
He urged Asian countries to start planning “for the inevitable worsening of climate change,” warning that greenhouse gases remain in the atmosphere for many decades.
Last year, ADB announced its intention to increase its spending on its clean energy program to $1 billion a year. Mr. Kuroda said that while this was “only a small fraction” of the region's needs, he was confident ADB's contribution would catalyze significant additional resources.
One of the challenges to be addressed at the conference is how best to get clean energy technology to be broadly rolled out across Asia. Another issue to receive attention is the need for a regional approach to clean energy promotion.
Finding ways to pay for clean energy is also a major concern. The cost of renewable energy projects, while falling, remains higher than those for conventional energy. Delegates were expected to discuss ways to overcome this obstacle, including whether carbon emissions trading schemes should be better harnessed to promote clean energy.
About 1 billion people in Asia do not have access to modern forms of energy. It is estimated that the region will need $4 trillion to $5 in trillion new energy infrastructure between now to 2030. Based on current trends, most of these investments will be directed toward electricity, primarily coal-fired power plants.
The recently released Fourth Assessment Report of the Intergovernmental Panel on Climate Change suggests that the current trajectory could result in an increase in global mean temperatures of 1.1 to 6.4 degrees Celsius by the end of this century – an increase that would have a devastating impact on natural environments and populations in Asia and around the world. Given this potential impact, issues surrounding energy security and sustainable development are central to the future of Asia and the world.
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