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Thursday, June 01, 2006

Energy-Hungry Nations Also Most Wasteful - by Stephen Leahy

BROOKLIN, Canada - China, India and Brazil could cut their rapidly rising energy use and greenhouse gas emissions by more than 25 percent using existing energy efficient technologies.
Despite the potential cost savings, conservative bankers are reluctant to loan money to fund improvements in energy efficiency, an international study said Monday.
 
With a combined population of 2.6 billion people, economic growth rates nearing 10 percent per year and soaring energy use, China, India and Brazil are on track to become the world's largest emitters of greenhouse gases.
 
China will overtake the United States as the leading source of climate-altering gases before 2020, said the three-nation report led by the World Bank and the U.N. Environment Programme (UNEP), and funded by the U.N. Foundation.
 
"Cutting energy waste is the cheapest, easiest, fastest way to solve many energy problems, improve the environment and enhance both energy security and economic development," said Robert Taylor, an energy specialist at the World Bank who led the study.

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