Japan’s Bank for International Cooperation, the government’s main overseas lender, told Bloomberg it will increase yen loans and investment in clean-energy technology to help cut greenhouse emissions in China and India, Asia’s two economic powerhouses. japan is believed to be the regions greenest country.

Japan, together with the World Bank, the U.S. and the U.K. plans to raise a US$5.5 billion fund to help poor nations develop clean technology. Finding ways to convince developing countries to agree to emissions targets is likely to be a focus of the Group of Eight industrialized nations summit in Japan’s northern island of Hokkaido next week.

“We have to focus on major developing countries, and as a financier we are going to put more and more money into private- sector investment in these countries, not only by lending but also by equity financing,” Takashi Hongo, director-general of environment finance at JBIC, said in Tokyo. Hongo declined to say how much money the bank has set aside for the projects.

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Shanghai vaulted into the ranks of the world’s leading centres of commerce, becoming one of eight Asian cities among the top 25, while Mumbai, improved its tally by 3 notches, emerging as the 7th most preferred destination for investment in 2008, a study by MasterCard said.

Tokyo retained its spot as Asia’s top commercial centre — and number three globally — while Singapore overtook Hong Kong which ranks sixth globally to move into fourth spot overall, the MasterCard Worldwide Centres of Commerce Index said.

“Asia’s dominance among the top 25 cities globally demonstrates the growing importance of Asian cities to a progressively urbanised global economy,” MasterCard said in a press release.

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Asia is becoming a hot bed for nuclear energy. With fuel prices soaring through the roof , US, French, Russian and Canadian companies are exploring nuclear energy in Asia as an alternate energy source.

General Electric, Daewoo and Toshiba are among companies looking to win big contracts in Southeast Asia. A report by the world nuclear association last year said that through to 2010 projected new power generating capacity in Asia is approximately 38 GWe per year, and from 2010 to 2020 it is 56 GWe/yr, up to one third of this replacing retired plant. This is about 36 percent of the world’s new capacity (current world capacity is about 3500 GWe, of which 368 GWe is nuclear). Much of this growth will be in China, Japan, India and Korea. The nuclear share of this to 2020 is expected to be at least 39 GWe and maybe more if environmental constraints limit fossil fuel expansion.

There are currently 109 nuclear power reactors operating in six countries of the region, 18 units under construction and firm plans in place to build about another 40 units.

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The National geographic recently ran a quantitative consumer study of 14,000 consumers in 14 countries asking them about such behavior as energy use and conservation, transportation choices, food sources, the relative use of green products versus traditional products, attitudes towards the environment and sustainability, and knowledge of environmental issues.

This survey resulted in the “Greendex” a scientifically derived sustainable consumption index of actual consumer behavior and material lifestyles across 14 countries. While India and Brazil topped the list due to their relatively lower environmental impact from housing, low meat consumption and above-average performance on transportation and food, China came in fourth.

In India, 40 percent of the respondants prefer to repair things rather than replace them. 33 percent live close to places they need to go to on a daily basis, 47 percent are willing to pay more now for energy-saving appliances than pay more for them in the future, 84 percent eat locally grown products, 72 percent never eat beef and 76 percent never eat pork, while 17% always bicycle.

Almost on par with India, Bicycle friendly China lags behind due to its massive use of coal for home heating. The survey says that one-third of the Chinese population repairs broken goods, and a majority of them use public transportation. Even as the Chinese cycle less, and their demand for luxury cars rises, they express and above-average preference for avoiding enviromentally un-friendly products.

Asia has been rocked by 10 natural disasters since the tsunami killed millions in thirteen Indian Ocean countries four years ago. Massive populations, poverty and a lack of warning have recently resulted in the death of millions.

Still reeling from the earthquake that shook Sichuan in South west China, killing atleast 10,000 people yesterday, Reuters helps 2point6billion list the natural disasters that shook Asia in the last few years.

* May 3/4 2008 - Cyclone Nargis and storm surge tore through Myanmar’s Irrawaddy delta killing at least 15,000 people and left 30,000 missing, officials said, warning the toll could rise in low-lying, remote villages.

* November 15, 2007 - Cyclone Sidr hit Bangladesh killing around 3,500 people.

* June-July, 2007 - INDIAN SUBCONTINENT - Monsoon storms kill around 1,750 people in Afghanistan, Bangladesh, China, India, and Pakistan. India is hardest hit with at least 750 people killed.

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Even as millions in developing countries in Asia and Africa are expected to die of starvation due to inflationary grain prices, president Bush asked Congress to authorize US$770 million to ease the global food crisis.

The United States is feeling the pressure of their empasis on biofuels even as energy and food demand rises. While grain supply is dwindling, experts around the world say that the American focus on biofuel subsidies which has given farmers incentives to grow biofuels in place of grain is only compounding the problem. As a result of the biofuels subsidies and a high demand for energy, farmers are more keen to plant acres of corn and sugarcane, the raw material for energy instead of rice and wheat human staples. This has led to the head on collosion of of a world food crisis partly fueled by record fuel costs.

Speaking on Monday at the European Parliament, Jeffrey Sachs, head of the Earth Institute at New York’s Columbia University and a special UN adviser said that while a third of the US maize crop will go to a gas tank, “it is a huge blow to the world food supply.” “We should cut back significantly on our biofuels programmes, which were understandable at a time of much lower food prices and much lower food stocks but do not make sense now at a time of global food scarcity condition,” he added, reported Reuters.

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Over the next 22 years, China will need to spend US$1 trillion on transmission and distribution of energy networks and India will need to spend US$700 billion in the electricity and oil sectors, says a report, which was issued at the 64th session the UN Economic and Social Commission for Asia and the Pacific (ESCAP).

The report continues to say that if Asia-Pacific governments follow a more sustainable energy paradigm they can shave US$766 billion off the estimated US$9 trillion needed to improve their energy infrastructure by 2030.  

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By Pamela Priya Mathews 

Growth of Asia’s factories are turning forests into grasslands and both booming China and India are to blame for this mass erosion of green cover. Forest experts have warned the soaring demand for timber, food, energy and commodities are all great contributors to the depletion of rainforests in Asia.

More recent reports show that the loss of forest continues to grow in Indonesia, Cambodia, Myanmar, Australia and Papua New Guinea amongst others. Although new forests in China, India and Vietnam have been planted to reduce the loss of forest, ecologists say this will not aid the problem.

New forests are being noted as man-made and therefore are said to lack the natural varieties of plants found in forests as well as species which are extremely endangered due to the heightened demand for logging. “Many plantations, in terms of biodiversity, are green concrete,” said Peter Walpole, head of the non-profit Asia Forest Network.

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Today being world Earth Day, its only fit we discuss the next big environmental crisis to hit Asia - e-waste or electronic waste. With consumerism on the rise, the rate at which we buy and dispose off mobile phones, Tv’s, laptops, PC’s, refrigerators etc is only making the problem of e-waste worse for Asia.

The star.com reported that despite international agreements that prohibit the import and export of hazardous waste, shipments of broken electronic devices continue to pour into the harbours of Kenya, India and China.The reason is strictly financial. The U.S. Environmental Protection Agency estimates it’s up to 10 times cheaper to export e-waste than to dispose of it domestically.

About 150,000 people are employed by the e-waste industry in Guiyu, China, and 25,000 more work in the scrapyards of New Delhi, India. The gold, silver, copper, aluminum and other metals salvaged become a vital resource for the manufacturing of new items. A typical wage for the arduous, dangerous work is $2 to $4 a day.

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Melting Himalayan glaciers, which perennially feed the Ganges and Yangtze, India and China’s main rivers may soon dry up in summer, leading to drastic food shortages at a time when prices and populations are growing unanimously. China and India are the world’s leading producers of both wheat and rice, humanity’s food staples. In the Ganges, the Yellow River and the Yangtze River basins, where irrigated agriculture depends heavily on rivers, this loss of dry-season flow will shrink harvests.

“In a world where grain prices have recently climbed to record highs, with no relief in sight, any disruption of the wheat or rice harvests due to water shortages in these two leading grain producers will greatly affect not only people living there but consumers everywhere,” the Times of India quoted Lester Brown, President of the Earth Policy Institute as saying.

An Intergovernmental Panel on Climate Change says that Himalayan glaciers are receding rapidly and that many could melt entirely by 2035. If the giant Gangotri Glacier that supplies 70 per cent of the Ganges flow during the dry season disappears, it warned, the Ganges could become a seasonal river, flowing during the rainy season but not during the summer dry season when irrigation water needs are greatest.

Moreover, Brown said, in both of these countries, food prices will likely rise and grain consumption per person can be expected to fall. In India, where just over 40 per cent of all children under five years of age are underweight and undernourished, “hunger will intensify and child mortality will likely climb.”

The Ganga is the largest source of surface water irrigation in India and the leading source of water for the 407 million people living in the Gangetic Basin, a population larger than any other single country other than China. The Yellow River and Yangtze basin hold a similar position in China.

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