Friday, July 7, 2006

G8 summit focus will be on energy supply security, not replacing fossil fuels

Planetark World Environmental News reports:


[G]lobal warming has been sidelined by concerns on how the world can satisfy its growing appetite for energy....Russia, chairing the Group of Eight for the first time and hosting a summit starting July 15, has been ambivalent about global warming which leaders at last year's G8 summit called "a serious and long-term challenge that has the potential to affect every part of the planet"...Russia has made "energy security" the main theme of the July 15-17 St. Petersburg summit. High oil prices and a stand-off between Russia and its European customers this year over gas supplies have thrown the issue to the top of the early draft of the summit declaration concentrates mostly on the challenges of developing supplies of energy in a volatile market rather than tackling the threat of global warming posed by an increasing use of fossil fuels. 

The draft does encourage energy efficiency and renewable energy technologies, but not enough to satisfy environmentalists who were appalled to see the text promoting more development of fossil fuels including coal and bitumen, both potentially major sources of CO2.

Asia, Climate Change, Economics, Energy, EU, Governance/Management, International, Sustainability, US | Permalink

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