Energy G8: a plan of action fostering recovery, efficiency and innovation and fighting energy poverty

Family photo of the G8 Energy Ministers

25/05/2009

A drive to foster economic recovery, speeding up the switch to growth with high energy efficiency, low carbon emission and technology innovation, addressing the energy poverty issue as well: such is the first of the 14 points making up the final statement that the G8 Energy Ministers approved at the end of the Energy G8. It will be forwarded to the Summit in L’Aquila “as a contribution to fruitful talks,” the paper states. The Energy Ministers thus bring to the July Summit an agreement endorsed by the representatives of over 80% of world energy supply and demand.

"We have drawn up a plan of action and reached significant conclusions,” Italian Minister of Economic Development Claudio Scajola explained. The key points also include boosting the alliance between governments and businesses on future investments, which are strategic for energy security.

Mr. Scajola went on to explain that the goals backed during the summit also included the "need to step up dialogue between the producer and consumer countries and the international organisations, which will have to adopt a stronger role" and help identify "a new leadership capable of ensuring market stability and certainty".

"We need a second industrial revolution," US Energy Secretary Steven Chu explained, emphasising that, "the one that brought in electricity to improve living conditions needs to be followed by another to reduce energy use and carbon dioxide consumption in the industrialised countries and enhance growth in the developing countries," paying particular attention to Africa. "We have to share the same vision of a fairer future and initiatives in support of access to energy for those who lack it” Mr. Scajola said. “That means over 1 billion 600 million people" according to the International Energy Agency report figures.

The conclusions also take the view that the time is ripe for "launching the process leading to a global platform on low CO2-impact technology" and that the IPEEC, the International Partnership on Energy Efficiency Cooperation, signed during the summit, is "the main step in that direction".

It also emerged from the summit that energy market price volatility was a shared concern, another being the nuclear energy issue: the summit’s conclusions reassert "the fundamental requisite of it being used for peaceful purposes" supporting the work of the International Atomic Energy Agency. "We shall continue to promote the development of robust international treaties, standards, recommendations and monitoring procedures at the national and international levels” the conclusions state. The major countries have thus exhorted the countries concerned “to use nuclear energy for civilian purposes, engaging in constructive international cooperation".

*Contributed by ANSA


Energy G8 Documents - Source: Economic Development Ministry

1. Joint statement by the G8 Energy Ministers, the European Commissioner and the Energy Ministers of Algeria, Australia, Brazil, China, Egypt, India, Indonesia, Korea, Libya, Mexico, Nigeria, Rwanda, Saudi Arabia, South Africa, and Turkey

2. Joint Statement by the G8 Energy Ministers, the European Energy Commissioner, the Energy Ministers of Brazil, China, Egypt, India, Korea, Mexico, Saudi Arabia and South Africa

3. Joint statement by the G8 Energy Minister and the European Energy Commissioner