Biotech Updates

Asian Development Bank (ADB) to Invest US$900 Million in Clean Energy in Selected Asian Countries

May 25, 2007
(News from the Vietnam Biotechnology Information Center)
http://www.agbiotech.com.vn/en/?mnu=preview&key=1575

The Asian Development Bank (ADB) has announced an investment of US$ 900 million into clean energy development projects in 2007, with priority given to China , India, Indonesia, Pakistan, the Philippines, and Viet Nam. The announcement was made during a two-day meeting held on May 6, in Kyoto, Japan.  Environmental concerns and poverty eradication in the Asia-Pacific region were among the major issues in the agenda. The Japanese government has pledged to provide US$2 billion to similar programs over the next five years with a view to help Asian countries reduce the volume of carbon dioxide emissions responsible for global warming..