• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 42 mins Could Venezuela become a net oil importer?
  • 5 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 2 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 8 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 2 hours Why is permian oil "locked in" when refineries abound?
  • 7 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 28 mins Oil prices going down
  • 20 hours Teapots Cut U.S. Oil Shipments
  • 12 mins Could oil demand collapse rapidly? Yup, sure could.
  • 4 mins Gazprom Exports to EU Hit Record
  • 16 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 10 hours Saudi Arabia turns to solar
  • 1 hour EVs Could Help Coal Demand
  • 20 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 8 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
Alt Text

Permian Discount Could Rise To $20 Per Barrel

Midstream constraints plaguing Permian drillers…

Alt Text

The Oil Giant That Saw Its Cash Reserves Plunge 90%

India’s top oil exporter has…

Alt Text

Can Oil Pull Greece Out Of Poverty?

Greece’s withering economy could use…

Darrell Delamaide

Darrell Delamaide

Darrell Delamaide is a writer, editor and journalist with more than 30 years' experience. He is the author of three books and has written for…

More Info

Trending Discussions

Energy Ministers Agree on 10 Clean Energy Initiatives

Two dozen countries that account for 80% of global energy consumption reached agreements on a series of 10 clean energy initiatives that will eliminate the need to build 500 new mid-sized power plants in the next 20 years.

The agreements came at the conclusion of the first Clean Energy Ministerial meeting this week in Washington, D.C.

“These steps will promote economic growth, create jobs and cut greenhouse gas emissions,” U.S. Energy Secretary Steven Chu, who hosted the meeting, said in a statement. “The Clean Energy Ministerial has brought together leaders from around the world to take unprecedented actions to deploy clean energy technologies – from energy efficiency to renewable energy to smart grids to carbon capture.”

The initiatives come after the failure of the United Nations program to reach a new global warming agreement to extend the Kyoto Protocol. The clean energy meeting included participation of big emerging market countries like China, India, Brazil, Russia and South Korea. Not every country will participate in each initiative, however.

The Electric Vehicles Initiative (EVI), for instance, intends to put 20 million electric vehicles on the road by 2020, saving 1 billion barrels of oil over the next decade. The initiative includes sister-city partnerships, high-level discussions, and information-sharing on electric vehicle investments and best practices.

Another initiative, the Super-efficient Equipment and Appliance Deployment (SEAD) Initiative, calls for governments to incentivize deployment of super-efficient appliances and enforce stronger appliance standards.  The initial focus will be on televisions and lighting, two products that together account for about 15% of household electricity use globally.

Some 15 governments joined the International Smart Grid Action Network (ISGAN) to accelerate deployment of smart electricity grids around the world by facilitating cooperation in smart grid policy, regulation and finance, standards, technology research and other key sectors.

Other initiatives targeted energy use in large buildings and industrial facilities, development of carbon capture and storage technology, facilitating the spread of solar and wind capacity, and identifying hydropower capacity in developing countries.

The United Arab Emirates offered to host a second ministerial meeting next year, and the UK volunteered for 2012.

By. Darrell Delamaide for OilPrice.com




Back to homepage

Trending Discussions


Leave a comment
  • Anonymous on July 22 2010 said:
    An interesting document our energy minister friends have put together. Please remind me not to read it, just as I will advise my future energy economics students to stay as far away from it as possible. 'Pie in the sky' is the correct description here.
  • Anonymous on July 22 2010 said:
    Aw c'mon Fred, surely you recognize people afraid to do nothing but put their toe in the water. No one is willing to be the first person to totally commit to, "A Brave New World!"

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News