Toward a Clean, Clever and Competitive Energy Future - IEA Report to G8 Summit in St. Petersburg

Toward a Clean, Clever and Competitive Energy Future - IEA Report to G8 Summit in St. Petersburg
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Edition: 2006
8 pages

In July 2005, the G8 invited the International Energy Agency (IEA) to attend its Summit in Gleneagles (United Kingdom). Participants in this important meeting placed high priority on the development of strategies to mitigate climate change, secure clean energy and achieve sustainable development. Their goal was to ensure a "clean, clever and competitive energy future". The resulting Gleneagles Plan of Action mandates the IEA to identify pathways for G8 policy makers to realise this objective. Key priorities were identified:

- alternative energy scenarios and strategies
- increased energy effi ciency, especially in buildings, appliances, transport and industry
- cleaner use of fossil fuels
- carbon capture and storage
- renewable energy
- enhanced international co-operation

These six strategic areas draw on the IEA’s existing expertise, but increased efforts are now underway. The IEA is building on previous work, broadening its focus and launching new initiatives to evaluate the potential of and to promote each one of these priorities.

A number of projects require close co-operation with Russia, with the “Plus Five” countries (Brazil, China, India, Mexico and South Africa), with industry, with the World Bank and other international fi nancial institutions, and with UN agencies and the IEA’s technology network. All 26 IEA member countries are actively engaged. Some early results are reported below. In the meantime, IEA participation in the G8 Summit in St. Petersburg in July 2006 presents an opportunity to review progress and report on work supporting the G8 process. Ultimately this will lead to further efforts and more comprehensive results to report to the German and Japanese G8 Summits in 2007 and 2008 respectively.