Finance clean energy not climate change in Asia says Greenpeace

Press release - 2005-10-20
A group of Greenpeace activists today 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.

"We are here to raise a symbol of Asia's wish for a cleaner energy future. Billions of taxpayers dollars are being used to finance coal power projects across Asia," said Greenpeace energy spokesperson Robin Oakley on board the flagship Rainbow Warrior. The ship is anchored by the power station, which is owned and run by China Light and Power (CLP); Asia's biggest privately owned energy investor and a major coal developer. "Financial institutions such as Asian Development Bank and companies such as CLP need to need to stop financing the problem and start financing the solution," said Oakley.

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.

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.

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.

Oakley said, "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. 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."

Other contacts:

Robin Oakley, Greenpeace China Climate and Energy Campaigner + 86 10 6554 6931 Ext. 129
Michael Kessler, Greenpeace International (Communications) + 852 2854 8300

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