G7 countries and EU underline commitment to sustainable energy security
Energy Ministers and their representatives from G7 countries and the European Commissioner for Climate Action and Energy, Miguel Arias Cañete, have met in Hamburg, Germany to discuss ways to boost sustainable energy security.
Arias Cañete, alongside the Ministers and Representatives from Canada, France, Germany, Italy, Japan, the UK and the US, discussed current energy security issues, energy efficiency, renewable energy and innovative technologies.
"All of us agreed that our energy security depends on us becoming more sustainable. This way we can ensure that our citizens get secure, sustainable and affordable energy. The concrete actions set out in the Hamburg sustainable energy security initiative are very significant steps that will help us get there," Arias Cañete said.
Globally, two-thirds of carbon emissions come from the energy sector and the International Energy Agency (IEA) has predicted that energy demand will rise by 37% by 2040.
"In order to unlock the full range of benefits renewable energy, energy efficiency measures and innovative technologies can provide, a stable and predictable policy framework is very much needed," Arias Cañete added.
Ukraine was also up for discussion with Ministers and the Commissioner underlining the principle that energy disputes should be solved through dialogue, transparency and cooperation. They also said that renewable energy, energy efficiency and domestically-produced energy were all means to make energy systems more resistant to the risk that energy resources could be used as a political tool.