Greenpeace tells one of Asia?s leading energy lenders to ?honor Kyoto?
Kyoto, Japan?On the eve of the Asian Development Bank?s
(ADB) Annual Meeting in Kyoto, Greenpeace called on the Bank to put its
financial resources and policy capacity fully behind an energy
revolution in Asia based on renewable energy and energy efficiency. Ten
years after the Kyoto Protocol on reducing greenhouse gas emissions was
agreed, another decisive step to protect the climate must be taken in
Kyoto, argued Greenpeace. The recent landmark reports from the
Intergovernmental Panel on Climate Change (IPCC), predict cataclysmic
impacts if the world does not reduce carbon dioxide (CO2) emissions. The
ADB has recognized the dangers of climate change and that it is caused
largely by burning fossil fuels. However, a huge portion of the ADB’s
energy financing is still being channeled towards fossil-fueled energy
across Asia.
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