G20
2010
The G20 Toronto Summit Declaration issued on 27 June 2010 noted ?with appreciation the report on energy subsidies from the IEA, OPEC, OECD and World Bank? and called for ?the rationalization and phase out over the medium term of inefficient fossil fuel subsidies that encourage wasteful consumption, taking into account vulnerable groups and their development needs.? The leaders encouraged ?continued and full implementation of country-specific strategies? and agreed to ?continue to review progress towards this commitment at upcoming summits.?
See highlights of the IEA input to the joint Report on Energy Subsidies
2009
The leaders of the G20 - which includes the G8 - met in Pittsburgh, Pennsylvania (USA) on 24-25 September 2009. Their Leaders? Declaration included several references to the IEA ("Energy Security and Climate Change" section). The G20 has tasked the IEA, working with other organisations, to continue its work on fossil fuel subsidies and to report to the next G20 summit. The declaration also asks the IEA (and OPEC) to ramp up efforts to assist with the improvement of domestic capabilities to collect energy data and improve energy demand and supply forecasting.
Following on from G20 Pittsburgh Summit, G20 Finance Ministers and Central Bank Governors met in St. Andrews, Scotland, on 7 November 2009. In paragraph 5 of their communiqué, Ministers call on the IEA, OPEC, OECD and World Bank to produce a joint report for our next meeting on energy subsidies, and working with our Energy Ministers, we will prepare at that meeting implementation strategies and timeframes, based on our national circumstances, for rationalising and phasing out inefficient fossil fuel subsidies that encourage wasteful consumption, and for providing targeted assistance programmes.
G8
At their summit in Muskoka, Canada on 25-26 June 2010, G8 leaders encouraged ?the IEA to develop work on an International Platform for low-carbon technologies, in order to accelerate their development and deployment.? They went on to state that ?carbon capture and storage (CCS) can play an important role in transitioning to a low-carbon emitting economy. We welcome the progress already made on our Toyaku commitments to launch the 20 large-scale CCS demonstration projects globally by 2010 and to achieve the broad deployment of CCS by 2020, in co-operation with developing countries.? The IEA and Carbon Sequestration Leadership Forum (CSLF) ? in co-operation with the Global Carbon Capture and Storage (CCS) Institute ? had prepared a progress report on the G8 leaders? commitment at the 2008 Hokkaido Toyako Summit to support demonstration and deployment of CCS. This report was made available to the G8 leaders in Muskoka.
See report
See press release
Following up on its participation in G8 events during the past four years, the IEA was invited by the Italian G8 Presidency to take part in the G8 Environment Ministers meeting in April 2009, the G8 Energy Ministers meeting in May 2009 and the G8 Summit in July 2009. See the official Italian G8 web site: http://www.g8italia2009.it for more details. Read more...
IEA input to 2010 G8 and G20 Summits
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