"The attitude here is, you find and you burn. In Asia, even if you find, you don't burn," he said. Despite the Fukishima disaster in Japan, investment in nuclear energy is up in Asia, and last year more than half of global investment in renewables came from the continent. In the medium term, he said, fossil fuel consumption in Asia will continue to rise. But governments are still preparing for an ultimate shift away from fossil fuels.
"This is at the highest level of Asian decisionmaking consciousness," Chander said. While the U.N. climate negotiations have disappointed many and left a string of broken emissions promises in their wake, he noted that clean energy investments in Asia continue.
"The reason for this is they are playing for the future," he said.
Reprinted from Climatewire with permission from Environment & Energy Publishing, LLC. www.eenews.net, 202-628-6500