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SHAUNV

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- G-8 Energy Chiefs: Fight Oil Prices With Efficiency, New Energy Sources

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AOMORI, Japan — The world's top industrialized nations and leading oil consumers pledged Sunday to fight skyrocketing energy prices by increasing efficiency and accelerating investment in new technologies, while urging producers to expand production.

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The International Energy Agency, in a report issued last week, estimated the world would have to construct 32 new nuclear power plants each year from now until 2050 as part of an effort to cut global greenhouse gas emissions by 50 percent.

"I think we're on the verge of a new nuclear age and that will be a positive thing for the world," said John Hutton, British secretary of state for business enterprise and regulatory reform.

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Reply#1 - Sun Jun 8, 2008 9:56 AM EDT
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