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G-8 to eliminate fossil fuel subsidies, curb climate pollutants - China air coil inductor by akjxue@sina.com akjxue





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G-8 to eliminate fossil fuel subsidies, curb climate pollutants - China air coil inductor by
Article Posted: 07/25/2012
Article Views: 76
Articles Written: 2010
Word Count: 427
Article Votes: 0
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G-8 to eliminate fossil fuel subsidies, curb climate pollutants - China air coil inductor


 
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As the G-8 meeting concluded, President Obama said, "We discussedthe importance of pursuing an all-of-the-above strategy for energysecurity in a safe and sustainable way. Leaders agreed to join anew U.S.-led coalition to address climate change, in part byreducing short-lived pollutants." On energy and climate change, the leaders declared they would meettheir energy needs "from a wide variety of sources ranging fromtraditional fuels to renewables to other clean technologies. ... inan environmentally safe, sustainable, secure, and affordablemanner." "We strongly support efforts to rationalize and phase-out over themedium term inefficient fossil fuel subsidies that encouragewasteful consumption, and to continue voluntary reporting onprogress," the G-8 leaders declared.

That said, the leaders declared their support for environmentallyrisky petroleum exploration, "in frontier areas and the use oftechnologies such as deep water drilling and hydraulic fracturing,"limiting the risks through "best practices" and taking into accountenvironmental concerns over the life of a field." They agreed to support the G-20 Global Marine EnvironmentProtection initiative to develop a Best Practices SharingMechanism, available to all interested countries and stakeholders,for the exchange of best practices for offshore oil and gasexploration and development in an effort to help prevent futureaccidents. The leaders, including Japanese Prime Minister Yoshihiko Noda,still have the ongoing nuclear disaster at the Fukushima Daiichinuclear power plant on their minds. "In light of the nuclear accident triggered by the tsunami inJapan," they declared, "we continue to strongly support initiativesto carry out comprehensive risk and safety assessments of existingnuclear installations and to strengthen the implementation ofrelevant conventions to aim for high levels of nuclear safety." Japan shut down its last working nuclear power reactor, the firsttime the country has been without nuclear power since 1970. The G-8 leaders agreed to continue their efforts to address climatechange.

They declared their recognition of "the need for increasedmitigation ambition in the period to 2020," and said they would do"our part to limit effectively the increase in global temperaturebelow 2°C above pre-industrial levels, consistent withscience." "We strongly support the outcome of the 17th Conference of theParties to the U.N. Framework Convention on Climate Change (UNFCCC)in Durban," the leaders said, referring to the annual UN climatemeeting held in South Africa last December. They called the agreement reached there, the Durban Platform, "asignificant breakthrough toward the adoption by 2015 of a protocol,another legal instrument or an agreed outcome with legal forceapplicable to all Parties, developed and developing countriesalike.".

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