Energy experts, policymakers, financiers, and project developers from across Asia-Pacific called for massive new investments in clean energy amid spiraling costs for oil and coal and the growing threat of climate change.

More than 500 experts are meeting in Manila this week to scale up investments in clean energy solutions that enhance energy security and address global warming. "The challenges we face today, soaring fuel and commodity prices, threats from climate change, and growing problems of poor people having limited access to energy, all point to the need to take action," Ms. Ursula Schäfer-Preuss, Vice President of the Asian Development Bank, said Tuesday at the opening of the three-day Asia Clean Energy Forum, which is taking place at ADB’s headquarters in Manila.

The international forum, attended by government officials, the private sector, development organizations, civil society organizations, and other groups, is taking place as energy prices, particularly oil and coal, hit record highs. Some analysts have argued that a "super spike" in prices may be just around the corner.

Read more: http://www.egovmonitor.com/node/19265

Source: Egov Monitor (www.egovmonitor.com)