July 17, 2006
G8 Summit leaders adopt energy security document
St. Petersburg, Russia – The eight leaders at the G8 Summit in Russia have adopted a document on energy security that includes an emphasis on transportation. Among the principles included in the 55-point action plan are diversification of energy supply, energy efficiency measures on both national and international levels, and deployment and transfer of clean energy technologies to help tackle climate change.
The document does not specify quantitative goals or reduction targets for any principles. However, transportation did receive special mention; the document states that “since two-thirds of world oil is consumed by the transportation sector, and its fuel consumption is outpacing general energy consumption, we will pay special attention to this sector of energy demand.”
Other specific actions mentioned include sharing best practices to promote energy efficiency in transportation; developing programs in the respective countries, consistent with national circumstances, to provide incentives for consumers to adopt efficient vehicles, including clean diesels and hybrids; introducing efficient public hybrid and/or clean diesel transportation systems on a large scale, where appropriate; promoting diversification of vehicle energy systems based on new technologies, including biofuels, compressed and liquefied natural gas, liquefied petroleum gas and synthetic liquid fuels; promoting wider use of technologies, materials and devices to lead to lighter, more aerodynamic and more efficient engines and components; and increasing research to promote hydrogen.
The document also outlines further study by the UN Economic Commission for Europe on the Blue Corridor project, which will establish international corridors in Europe for natural gas vehicles.