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MOSCOW, Russia, March 29, 2006 (Refocus
Weekly)
Wider use of renewable and alternative energies
would “contribute substantially” to diversify the world’s energy
portfolio, according to energy ministers of the G8 nations.
“Diversification of the energy portfolio in terms of energy
sources, suppliers and consumers, as well as delivery methods and
routes, will reduce energy security risks not only for individual
countries but for the entire international community,” states the
final communique of the G8 Energy Ministerial summit in Moscow.
“Joint efforts of the G8 and other countries aimed at wider use of
renewable and alternative energies, development and implementation
of innovative energy technologies and development of low-carbon
energy would contribute substantially to the solution of this
strategic task.”
“For those countries that wish, wide-scale development of safe and
secure nuclear energy is crucial for long-term environmentally
sustainable diversification of energy supply,” it adds.
“The reliable energy supply plays a key role in development of
world’s economies bearing in mind that the well-being, way and
quality of life of people directly depend on access to energy,” the
document explain after the March 15-16 meeting. “The 21st century is
sure to witness a significant increase of the global consumption of
energy, primarily by dynamically developing economies.”
“Despite the increased presence of alternative sources in the energy
mix, the fossil fuels will remain the basis of the world energy
industry for at least the first half of the 21st century,” and
ministers discussed the challenges to the global energy security and
agreed that there must be “reliance on market-oriented approaches
aimed at increasing energy supply and stemming growth in demand,
while encouraging market-based pricing, competition, energy
efficiency, and conservation.”
“A stable future of the international energy sector requires
significant investment in the production, transportation and
processing of energy resources,” it continues. “We recognize that to
attract investment, it is essential for countries to have open and
favourable investment regimes including stable and predictable
regulations, clear tax laws, and efficient administrative procedures
as well as fair and reciprocal access to markets along the energy
value chain.”
The ministers reiterated support for the implementation of the
action plan adopted last year by G8 leaders in Gleneagles, which
includes measures to promote innovations, increase energy efficiency
and enhance environmental protection. They agreed that continued
international cooperation to develop low-carbon technologies of the
future will be crucial, and “facilitating development and deployment
of innovative energy technology solutions will have longer-term
environmental, economic and energy security benefits and be key to a
global sustainable energy future.”
The G8 Energy Ministerial meeting was attended by representatives of
the World Bank, OPEC, International Energy Agency, International
Energy Forum, International Atomic Energy Agency, as well as energy
ministers from India, China, Brazil, Mexico, and South Africa. It
was chaired by energy minister Viktor Khristenko of the Russian
Federation.
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