G20 countries are treating a range of energy issues as a central concern, but four of them require particular attention.
Seven years ago, Russia hosted the G8 for the first time. Energy was one of the central themes up for discussion, and indeed the Saint Petersburg Global Energy Security Principles agreed at the G8 summit became an important landmark, reinforcing the concept of “security of demand”: it was an historic nod to the interests of energy-producing countries.
Now, seven years on, Russia is again in the role of host, this time of the G20, and again energy is high on the agenda. However, global governance has changed significantly since 2006, notably reflecting the shift in demand towards emerging markets.
See full Article: http://www.oecdobserver.org/news/fullstory.php/aid/4120/Global_energy_challenges.html#sthash.JaKNX7Jh.dpuf
Posts
