ADB stresses int’l cooperation for unsustainable energy economy

International cooperation is needed in a greater scale to address the world’s unsustainable energy economy and avoid future calamity, a leading environmentalist told Asian Development Bank (ADB) Thursday.
Speaking at ADB’s eminent speaker forum in Manila, Maurice Strong, an adviser to various international organizations, corporations, and governments, said that developing countries, notably China and India, are rapidly increasing their dependence on imports and can be expected to add substantially to world demand for oil and gas.
“Innovative practices and development support on a much larger scale will be needed to affect the immense increase in energy supplies required for the poor and disadvantaged at prices they can afford,” he said.
“Paradoxically, trying to do this from traditional energy sources, including renewable alternatives at the present state of the art, is bound to produce major increases in demand and tend to drive prices upward. If we do not address this dilemma and do so in the immediate future, we will be sowing the seeds for a world-scale calamity, which will threaten the peace, security and stability of the entire international community.”

The Financial Express BD