The Necessary to Invest in Green Technologies

Haruhiko Kuroda, President of Asian Development Bank (ADB) revealed that the investment is important to support the financing for technology that can reduce the impacts of climate change. "It takes immediate steps to reduce the carbon intensity of development and improving community resilience to climate change,"said Kuroda, told AFP.

Kuroda stressed the importance of the need for new investment in environmentally friendly technologies, and identify the need for more involvement of private investors or entrepreneurs. He encouraged the wider dissemination of a variety of existing technologies, such as referring to the support of ADB to Asian Solar Energy Initiative, which aims to build 3,000 megawatts of solar power in Asia.

Related to climate adaptation, Kuroda said that the Asia and Pacific "became increasingly vulnerable to extreme weather, increased sea levels, and other phenomena that affect the poor, especially women and children. " Therefore, local innovation by using technology appropriate to the needs of communities, families and individuals affected by extreme weather becomes something very important.

"multilateral and bilateral aid agencies, governments, private sector and civil society must cooperate in developing the capability and coordination of local communities,"said Kuroda.