Global energy panel calls for investment in clean energy

September 4th, 2012 - 9:32 pm ICT by IANS  

New Delhi, Sep 4 (IANS) The International Energy Agency (IEA) Tuesday urged all countries to invest in clean energy for a low-carbon future.

IEA Executive Director Maria van der Hoeven said investment in clean energy made economic sense as every additional dollar invested could generate three dollars in future fuel savings by 2050.

She was speaking at a FICCI roundtable on ‘Energy Technology Perspectives 2012: Pathways to a Clean Energy System.

The IEA has developed 25 energy efficiency recommendations to help governments achieve the full potential of energy efficiency improvements across all energy-consuming sectors.

Among the wide ranging IEA recommendations to energy ministers worldwide are creating an investment climate that builds confidence in the long-term potential of clean energy technologies and levellling the playing field for clean energy technologies.

Pricing carbon emissions and phasing out of inefficient fossil fuel subsidies, while ensuring access to affordable energy for all citizens are central goals of a clean energy future.

The 2012 edition of report on Energy Technology Perspectives (ETP 2012) presented on the occasion points out that energy security and climate change mitigation are allies.

The report shows how energy efficiency and accelerated deployment of low-carbon technologies can help cut government expenditure, reduce energy import dependency and lower emissions.

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