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Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Tuesday, May 26, 2009
G8 Calls for Continued Investment in Alternative Energy
The G8 summit in Rome, which included 23 energy ministries, 18 executives of energy companies and OPEC members Saudi Arabia, Algeria, Libya and Nigeria, ended with a call for continued investment in energy projects. Members at the summit warned that a delay in energy investment will mean higher prices and a less sustainable economy.
With the global economic downturn and credit crunch, projects in both conventional and alternative energy sources have been halted.
“The current financial and economic crisis must not delay investments and programmed energy projects which are essential to economic recovery and sustainable prosperity,” ministers from the G8 and 15 other countries including Saudi Arabia, China and India said in their concluding statement yesterday after a three-day meeting.
To read the full article in Bloomberg, click here.
With the global economic downturn and credit crunch, projects in both conventional and alternative energy sources have been halted.
“The current financial and economic crisis must not delay investments and programmed energy projects which are essential to economic recovery and sustainable prosperity,” ministers from the G8 and 15 other countries including Saudi Arabia, China and India said in their concluding statement yesterday after a three-day meeting.
To read the full article in Bloomberg, click here.
Labels: economy, energy, energy sources
posted by Amanda Voss at 10:13 AM
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