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EU welcomes int'l move to improve energy efficiency
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10:04, June 10, 2008

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The European Commission on Monday welcomed the call by the Group of Eight industrialized countries plus China, India and South Korea for energy efficiency amid rising oil prices.

Energy ministers from the G8 and the three Asian countries, who met in the G8 Presidency Japan, issued a joint declaration earlier Monday, announcing the establishment of the International Partnership for Energy Efficiency Cooperation, a new framework aimed at facilitating energy-saving measures and transfer of related technologies.

"Given our collective dimension in both economic and demographic terms, representing over 65 percent of the global energy consumption and global CO2 emissions, G8 countries and the EU, together with China, India and South Korea are in a privileged position to influence world energy trends," EU Energy Commissioner Andris Piebalgs, who was in Japan for the meeting, said in a statement released by the commission here.

The commission said in current context of high oil prices, energy efficiency is the most immediate and cost-effective manner to achieve the goals of sustainability and security of energy supply, as well as competitiveness.

"The International Partnership for Energy Efficiency Cooperation will be a high level, open, broad and inclusive partnership of the nations seeking to maximize the benefits of energy efficiency through voluntary cooperation," it said.

The commission said the idea of an international initiative on energy efficiency came originally from itself and national energy efficiency improvements can be further enhanced through international cooperation by the sharing of best practices and policies, and promoting global partnership.


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