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World Bank urges renewable energy investment for East Asia

through additional fiscal investment in renewable energy and energy efficiency, the bank said in a new report….Renewable energy could take up a big proportion of East Asia’s energy demands by 2030, the World Bank suggested.

East Asia must begin clean energy revolution now – World Bank, EcoSeed, 19 April 2010 , By Claire M. Umali[ ] China, Indonesia, Malaysia, Philippines, Thailand, and Vietnam can simultaneously stabilize their greenhouse gas emissions by 2025 without compromising growth.East Asia’s six major energy-using countries will need to mobilize about $80 billion in investment yearly, as well make domestic policy and institutional reforms, to attain sustainable energy growth, said the World Bank.

China, Indonesia, Malaysia, Philippines, Thailand, and Vietnam can simultaneously stabilize their greenhouse gas emissions by 2025 without compromising growth through additional fiscal investment in renewable energy and energy efficiency, the bank said in a new report.
The international community must shoulder $25 billion of the total investment. China should pay for a big chunk of the investment while smaller countries will chip in smaller shares, said Dr. Xiaodong Wang, lead author of the report and senior energy specialist at the World Bank…..Renewable energy could take up a big proportion of East Asia’s energy demands by 2030, the World Bank suggested. East Asia must begin clean energy revolution now – World Bank

April 20, 2010 - Posted by Christina Macpherson | ASIA, renewable | energy efficiency, renewable energy