Image via WikipediaThe Asian Development Bank (ADB) is optimistic that Asia can get the US$10 trillion it needs to finance sustainable energy projects over the next 20 years.
The projects will include more efficient use of coal and oil as well as greater reliance on renewable power sources such as wind and solar energy.
However, ADB said that such projects will need more support from private investors.
China is one country which has made energy efficiency a top priority.
The country has increased its development of wind and hydro-electric power to create a more sustainable energy future.
"I think it's very striking to see this emphasis on efficiency in the Chinese economy and the effort to apply technologies to not only be more efficient but to change the pattern of demand and its caught up not only with their energy picture, but also the determination to deal with the pollution that's come with fast growth," said Daniel Yergin, Chairman of IHS CERA.
The Asian Development Bank is keen to see more economies in the region make an equally bold push for energy sustainability. This is a crucial challenge because Asia's demand for energy is expected to double in the next 20 years. >>>