G20

Tuesday, August 08, 2006

Assessment of changes in energy and resource commodities markets

What will G20 research find on the subject of energy, as scheduled in the work programme for 2006? The G20 is closely allied with the International Energy Forum.

From an IEF speech in June 2006:

[In addition to the Arab countries] the [IEF] Secretariat interacts [.] with other regional and inter-regional co-operative endeavour, such as the EU-GCC Eurogulf Project, the African Petroleum Congress processes, Eurasian dialogues promoted by Russia and the UNECE as well as the Conference of African, Latin American and Caribbean Energy Ministers (AFROLAC). Interacting with these processes of energy co-operation, the Secretariat has the opportunity to convey IEF global dialogue perspectives to important regional energy ambition, while taking back to our global endeavour the focus and interests of particular regions.

The World will need more and cleaner energy used in a more efficient way, accessible and affordable to a larger share of the world’s population. The challenge lies in operationalizing this imperative in a fair and sustainable way.

The challenge is huge. The US and many others will want the market to distribute energy around the world; moreover energy company shareholders will support their stance.

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