2008-06-09
Leading Economies Pledge to Curtail Energy Use, Invest in Clean Technologies... Canadian Press, June 9, 2008. "Faced with record-high oil prices, the world's leading economies and oil consumers Sunday pledged greater investment in energy efficiency and green technologies... In a joint statement, energy ministers from the Group of Eight countries, joined by China, India and South Korea, also urged oil producers to boost output, which has stalled at about 85 million barrels a day since 2005... But with little prospect for a surge in production anytime soon, the focus of Sunday's meeting was on what wealthy countries should do to rein in consumption, while reducing carbon emissions... 'We also have to address the demand side'... said John Hutton, Britain's business secretary. 'We will do that through new measures to improve energy efficiency (and) accelerate our moves to a new, low-carbon form of energy generation'... While the countries meeting on Sunday did not pledge specific amounts of money, they said they would set goals in line with International Energy Agency recommendations for a vast expansion of investment in renewable energies and energy efficiency."

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