Finance clean energy not climate change in Asia

Feature Story - 2005-10-20
Today we raised a symbol of Asia’s wish for a cleaner energy future. We set up a symbolic wind turbine in front of Castle Peak, one of the Asia’s biggest coal power stations, as a call to governments, banks and industry to invest in clean renewable energy instead of using public money to finance climate change causing coal plants in Asia.

A group of Greenpeace activists set up a symbolic wind turbine in front of Castle Peak, calling on governments, banks and industry to invest in clean renewable energy.

A group of Greenpeace activists set up a symbolic wind turbine in front of Castle Peak, calling on governments, banks and industry to invest in clean renewable energy.

A group of Greenpeace activists set up a symbolic wind turbine in front of Castle Peak, calling on governments, banks and industry to invest in clean renewable energy.

Clean energy is growing across the Asian region. China's wind resources are enormous. The Philippines is the world's second largest geothermal producer, yet this resource is still massively under-utilized. Modern biomass energy has huge potential in Thailand. Asian countries can save money and energy with better efficiency.

The Greenpeace commissioned Wind Guangdong study of wind power potential in the world's largest manufacturing centre; Guandong province in southern China. Wind Guangdong finds that by 2020, Guangdong alone could feasibly produce enough electricity from wind turbines to meet nearly a fifth of its current needs or the equivalent of Hong Kong's total current electricity supply.

The so-called solutions like 'clean coal' are an expensive myth. Clean renewable energy is the real future. It's a win-win option for Asia. We should avoid the risk of fossil fuel prices and imports, avoid climate change and power the sustainable growth of our economies by harnessing clean energy from indigenous sources: the wind, the sun, the sea and the Earth.

Financial institutions such as Asian Development Bank and companies such as CLP need to stop financing the problem and start financing the solution

The Rainbow Warrior is currently in Hong Kong leading the Asian Clean Energy Revolution Tour of Hong Kong, The Philippines and Thailand. The ship has spent the past two days in the South China Sea measuring and recording wind in the region and sending the data to a live website here.

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