US believes world energy revolution needed for climate

24-09-07

US Secretary of State Condoleezza Rice said the world needs a revolution on energy that transcends oil, gas and coal to prevent problems from climate change.
"Ultimately, we must develop and bring to market new energy technologies that transcend the current system of fossil fuels, carbon emissions and economic activity. Put simply, the world needs a technological revolution," Rice told delegates at a special UN conference on climate change.

A landmark report by the UN Intergovernmental Panel on Climate Change this year said human activities such as burning fossil fuels and forests are very likely causing climate change that will lead to more deadly storms, heat waves, droughts and floods. The Bush administration's position on climate change has evolved from scepticism to agreeing to work with other large emitters to forge international goals to reduce greenhouse gases. Rice will host a two-day meeting for the world's biggest greenhouse-gas emitters.
President George W. Bush opposes mandatory caps on greenhouse emissions, preferring voluntary goals. He believes the Kyoto Protocol on greenhouse gases unfairly exempted rapidly developing countries and that ratifying it would have hurt the economy of the United States, the world's largest emitter of heat-trapping gases.

Addressing climate change requires an integrated response that encompasses environmental stewardship, energy security and economic growth and development, Rice said.
"How we forge this integrated response has major consequences, not only for our future, but also for our present and especially for the millions of men, women and children in the developing world whose efforts to escape poverty require broad and sustained economic growth and the energy to fuel it," she said.

Source: Dow Jones & Company