G20 gov'ts urged to support private sector in renewable technologies

16:48, November 11, 2010      

Email | Print | Subscribe | Comments | Forum 

The on-going G20 Business Summit recommends the governments of the world's major advanced and developing countries to take actions in supporting the private sector in clean energy technologies.

The private sector plays an important role in addressing energy issues and promoting sustainable economic growth. But the renewable technologies face cost and competitiveness challenges, said the participants at a round-table session of the G20 Business Summit, held here Thursday.

The development of such technologies is still at its early stage and the prices of some materials needed for the technologies are very high, which makes most renewable energy sources uncompetitive on price with existing fossil fuels.

The participants, all CEOs of the world's leading technology companies, said one effective way of closing the cost gap between fossil-generated energy and the renewable sources-produced energy is to phase out fossil fuel subsidies encouraging wasteful consumption as soon as possible.

The G20 countries should also take the lead in pricing carbon emissions within the context of their own national circumstances, they said.

The governments are advised to strengthen public-private partnerships to help develop energy sources and hold regular meetings of energy-related ministers.

"Energy-related ministers should discuss regulatory issues, including international standards for renewable and low-carbon technologies, tariffs and trade barriers, protection of intellectual property rights," said the participants' discussion report for the round table session.

The Seoul G20 Business Summit brings together G20 heads of state and approximately 120 top business leaders from the G20 countries and some non-G20 countries to jointly address "the Role of Business for Sustainable and Balanced Growth."

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion