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World Banks says East Asia could stabilise emissions by 2025

BEIJING, April 19, 2010 (AFP) - The World Bank said Monday that East Asia could stabilise its greenhouse gas emissions by 2025 while maintaining economic growth by investing in energy efficiency and low-carbon technologies.
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Achieving the target would require the region's biggest energy guzzlers to invest an extra 80 billion dollars a year to make power, industry and transport sectors more efficient and develop renewable energy, the World Bank said.
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Success also depends on the region finding the political will for big changes as well as transfers of financing and technologies from developed countries, the Washington-based lender said in a regional energy report.

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"Major investments in energy efficiency and a concerted switch to renewable sources of power...

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could simultaneously stabilise greenhouse gas emissions, increase energy security while improving local environments," the report said.

But the World Bank warned time was running out and urged policymakers in energy-hungry China, Indonesia, Malaysia, the Philippines, Thailand and Vietnam to act quickly.

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"While many East Asian countries are taking steps in these directions, accelerating the speed and scaling up the efforts are needed to get on to a sustai

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