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Published: Wednesday May 19, 2010 MYT 11:53:00 = AM
PM proposes setting up of "Clean Energy Development = Bank"
KUALA LUMPUR: Datuk Seri Najib Tun Razak has proposed that a =93Clean = Energy=20 Development Bank=94 be established to accelerate the development of = clean=20 energy-related industries for the benefit of developing countries of the = Organisation of the Islamic Conference (OIC).
Speaking at the 6th World Islamic Economic Forum (WIEF) at the Kuala = Lumpur=20 Convention Centre here on Wednesday, the Prime Minister said Malaysia = was=20 prepared to spearhead the initiative.
=93As clean energy is being pursued by governments and security of = energy=20 supply is becoming a priority for countries with few, if any, = hydrocarbon=20 resources, there is tremendous potential for the development of = alternative=20 energy sources.
=93I hope it (proposal) can be discussed during the forum's Special = Leadership=20 Dialogue Session on Climate Change,=94 he said in his keynote = address.
Najib, who is the also the WIEF patron, said that as energy security = was=20 becoming a pertinent subject today, the green agenda should be made = central to=20 policy making
=93The current reality must be recognised. We all stand accused of = doing too=20 little too late. We need to do more to develop alternative energy = sources that=20 address growing requirements and prevent further degradation of the=20 environment,=94 he said.
Najib said more inter-government collaboration was required to = formulate=20 policies and initiate programmes which promoted renewable energy = options, such=20 as biofuels.
He said another area to enhance the countries' collective efforts to = build=20 strong, sustainable economies and fair, just societies was to strengthen = efforts=20 in human resource development, especially in education and training, = which in=20 his view, was far from satisfactory.
=93No Muslim country can aspire to be a leader in any field without = investing=20 in education.=94
Hence, Najib proposed that a Specialised Development Fund be = established to=20 develop an education infrastructure and support teacher training and = academic=20 research.
=93Properly structured, managed and utilised, such funds can help = reduce the=20 educational gap that exists between the Muslim and non-Muslim world,=94 = he=20 said.
Najib said that as issues faced by the Muslim world were more = daunting, the=20 member countries could not afford to be bystanders but should instead = embark on=20 a revolution that could ultimately achieve a remarkable transformation = in member=20 countries and throughout the Muslim world.-Bernama
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