International Partnership for Energy Efficiency Cooperation launched
Brussels, Belgium – Energy Commissioner, Andris Piebalgs, welcomed the Ministerial Declaration signed today by Energy leaders of the G8 countries, China, India, South Korea and the European Community in view of the establishment of a new multilateral energy initiative: the "International Partnership for Energy Efficiency Cooperation", "IPEEC". The signature took place during the G8 Energy Ministerial Meeting attended by Commissioner Piebalgs and organised by Japanese G8 Presidency in the Aomori Prefecture,
"Given our collective dimension in both economic and demographic terms, representing over 65% of the global energy consumption and global CO2 emissions, G8 countries and the European Union, together with China, India and South Korea are in a privileged position to influence world energy trends, hence the importance of the agreement that has been reached for the establishment of the IPEEC", said Commissioner Piebalgs.
In current context of high oil prices, energy efficiency is the most immediate and cost-effective manner to achieve the goals of sustainability and security of energy supply, as well as competitiveness. National energy efficiency improvements can be further enhanced through international cooperation by the sharing of best practices and policies, and promoting global partnership. To this end, the International Partnership for Energy Efficiency Cooperation will be a high level, open, broad and inclusive partnership of the nations seeking to maximise the benefits of energy efficiency through voluntary cooperation.
The idea of an international initiative on energy efficiency came originally from the European Commission, and was one of the actions foreseen in the EU Energy Efficiency Action Plan of October 2006. At the Heiligendamm Summit in June 2007, the G8 acknowledged the EU proposal and asked the Gleneagles Dialogue on Climate Change, Clean Energy and Sustainable Development and the International Energy Agency to explore the most effective means to promote energy efficiency internationally. One year later, the energy leaders of the G8 countries, China, India, South Korea and the European Community present the International Partnership for Energy Efficiency Cooperation they have developed together, and call on other major economies to join them in this new international activity.