• 4 minutes "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 7 minutes Trump will be holding back funds that were going to W.H.O. Good move
  • 11 minutes Washington doctor removed from his post, over covid
  • 15 minutes Which producers will shut in first?
  • 15 mins Why Trump Is Right to Re-Open the Economy
  • 30 mins Charts of COVID-19 Fatality Rate by Age and Sex
  • 36 mins A small trial finds that hydroxychloroquine is not effective for treating coronavirus
  • 4 hours US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 2 hours 80's GOM Oil Fam: Mid-80's Oil Glut Part Deux?
  • 8 hours Wouldn't fall in demand balance it out?
  • 3 hours Its going to be an oil bloodbath
  • 18 hours Death Match: Climate Change vs. Coronavirus
  • 16 hours Free market or Freeloading off the work of others?
  • 17 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 21 hours Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 20 mins CCP holding back virus data . . . . . . Spanish Flu 1918 MUTATED, Came in 3 waves, Lasted 14 months and killed upward 5% World population
Alt Text

U.S. Rig Count Could Collapse By 65%

The American oil and gas…

Alt Text

Big Oil Raises Debt To Ride Out Price Crash

As prices crashed, the supermajors…

Alt Text

The Oil Price Crash Won’t Stop The Tesla Boom

Low gasoline prices are generally…

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

Premium Content

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


Download The Free Oilprice App Today

Back to homepage






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