G8 Ministers: Invest in Energy, Keep Prices Stable

25 May 09

Energy ministers from the Group of Eight industrialized countries urged their governments and the rest of the world on 25 May to keep investing in new and cleaner energy sources, despite the economic crisis. Concluding a two-day summit in Rome, G-8 ministers and officials from 15 more countries said governments and businesses must also work to keep energy prices stable or risk hampering the economic recovery. In a joint declaration, the 23 national delegations urged investments to improve access to energy in poor countries and to develop new technologies to reduce emissions that cause climate change. ''The current financial and economic crisis must not delay investments and programmed energy projects which are essential to economic recovery and sustainable prosperity throughout the world,'' the declaration said.
http://www.nytimes.com/aponline/2009/05/25/world/AP-EU-Italy-G8-Energy.html?_r=1 The joint statement can be accessed on the official G8 Energy website:
http://www.g8energy2009.it/documents.shtml

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