Asia Critical to Future of Climate Change

Manila, Philippines [Asia Corporate News Network] No region in the world is as critical to future climate change as Asia, Asian Development Bank (ADB) President Haruhiko Kuroda told the opening of ADB's Clean Energy Week. ... In the 30 years to 2003, he pointed out, Asia's energy consumption grew by 230%, compared with the average worldwide increase of 75%. As a result, the share of the region's greenhouse gas emissions has risen from less than one-tenth of global emissions to nearly one quarter. Meanwhile, the rocketing of the price of oil to almost $80 a barrel has elevated the need for energy conservation and efficiency, and the use of renewable energy as key priorities for the region.