‘Zero-carbon economy key to Asia progress’

KARACHI: The Asian Development Bank (ADB) has announced a range of initiatives to bring down barriers, such as price and policy issues, that prevent the wide-scale adoption of low-carbon and clean-energy technologies in the Asia-Pacific region.

These include the Asia Solar Energy Initiative that aims to identify and develop large-capacity solar projects that will generate 3,000 megawatts of solar power by 2012.

This was said at the Asia Clean Energy Forum which is being held from June 21 to 25.

According to WRI’s Managing Director Manish Bapna, “the simple reality we face is this: As we move toward a zero-carbon economy, Asia must lead the way. And that will only happen if governments understand it serves their goal of inclusive and sustainable economic growth.”

Published  in The Express Tribune, June 22^nd, 2010.