Asian Development Bank Encourage Energy Efficiency
DEVELOPING nations in Asia have only a narrow window to take steps to prepare for a future marked by high oil prices and greater volatility, warns the Asian Development Bank (ADB).
Its 2010 Asian Development Outlook recommends governments taking policy actions to push industry and households to use energy more efficiently.
The ADB predicts upwards oil price pressure re-emerging by 2015, which will exert inflationary pressure on developing Asian economies.
The warning echoes earlier calls by the ADB about Asian developing nations' unwillingness to change their inefficient energy habits because of the costs involved.
Energy efficiency and saving in fact returns a very impressive return on investment and long term savings that go straight to the bottom line or remains in the budget - to implement energy saving now makes sense financially for industry, commerce and organisations.
Thursday 15th April 2010
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