Energy News  





. East Asian Countries To Cut Dependence On Conventional Fuels

The summit will also call on oil-rich countries to use the dollars they earn from rising world oil prices for "equity investment and long-term, low interest loan facilities" for developing countries that import energy.
by Staff Writers
Manila (AFP) Nov 27, 2006
Southeast Asian nations are to reduce their dependence on conventional fuels and explore stockpiling oil as part of a sweeping energy program, according to details of a draft pact obtained by AFP. The draft is to be signed by the 10 leaders of the Association of Southeast Asian Nations (ASEAN) when they meet with their counterparts from Australia, China, India, Japan, South Korea and New Zealand in the second East Asian summit next month in the central Philippine province of Cebu.

The leaders will pledge to work closely to limit dependence on "conventional fuels through intensified energy efficiency programs, expansion of renewable energy systems and bio-fuel production and utilization."

ASEAN energy ministers earlier this year called for greater cooperation to boost renewable energy so as to minimise the impact of soaring oil prices which cast a shadow over one of the world's most dynamic regions.

The pact will also call for a greater effort to minimize greenhouse gas emissions and to "harmonize standards for bio-buels", the draft said.

The summit will also call on oil-rich countries to use the dollars they earn from rising world oil prices for "equity investment and long-term, low interest loan facilities" for developing countries that import energy.

The inaugural East Asian summit held in Kuala Lumpur last year expressed "grave concern" over the negative impact of a prolonged increase in oil prices on the region's growth prospects.

This could be addressed, the countries said, through promoting energy efficiency and developing alternative fuel sources.

The agreement in Cebu is seen as a significant step towards enhancing "international cooperation" to reduce energy consumption, the draft said.

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Source: Agence France-Presse

Community
Email This Article
Comment On This Article

Related Links
Association of Southeast Asian Nations
Powering The World in the 21st Century at Energy-Daily.com
Powering The World in the 21st Century at Energy-Daily.com




Tempur-Pedic Mattress Comparison

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
Complex Order Parameter In Ruthenate Superconductors Confirmed
Champaign IL (SPX) Nov 28, 2006
Since it was discovered to be superconducting over a decade ago, the pairing symmetry of strontium ruthenium oxide has been widely explored and debated. Now, a team of researchers led by Dale Van Harlingen at the University of Illinois at Urbana-Champaign say the debate is over. "We have pretty unambiguous evidence for 'p-wave' symmetry with a complex order parameter that breaks time-reversal symmetry in this ruthenate superconductor," said Van Harlingen, a Willett Professor and head of the department of physics at Illinois.

.
Get Our Free Newsletters Via Email
  



  • Finance Minister Brown Backs Taxes On Air Travel And Gas Guzzlers
  • Russian Regulators Seek To Withdraw 140 Oil And Gas Licenses
  • EU To Cut Number Of Permits For Second Stage Of Carbon Trading
  • Brazilian Carbon Credits Foster Investment Boom

  • Japanese Company To Order Recycled Nuclear Fuel From France
  • Temelin Nuclear Reactor Reconnected To Czech Power Grid
  • Nigeria Approves Seven Accords On Nuclear Power Project
  • Indian Atomic Plants At Risk Of Terror Attack After US Deal

  • Researchers Gaze At Cloud Formations
  • France To Create Coal Tax, Tighten Pollution Measures
  • Phytoplankton Cloud Dance
  • Ocean Organisms May be Linked to Cloud Formation

  • Report Outlines Funding To Conserve Half Of Massachusetts's Land
  • Trees Reversing Skinhead Earth May Aid Global Climate
  • Danish Christmas Tree Shortage Threatens Prices Across Europe
  • Ancestor of Modern Trees Preserves Record Of Ancient Climate Change

  • Wheat Gene May Boost Foods' Nutrient Content
  • Scandal, Drought Slash Australian Wheat Exporter AWB Profit 68 Percent
  • EU Snags Deal On Deep Sea Fish Catches
  • Edible Food Wrap Kills Deadly E. Coli Bacteria

  • London Blazes Anti-Pollution Trail With Vehicle Congestion Charge
  • BMW To Launch First New Hydrogen-Powered Model
  • Portable Solar-Powered Tag Readers Could Improve Traffic Management
  • GM Sees China As Future Export Base For Emerging Markets

  • DLR And EUROCONTROL Create Joint Total Airport Management Concept
  • Aviation Industry Alarmed At New EU Emission Rules
  • Technologies Evaluated For The Future National Airspace System
  • Silent Aircraft Readies For Take-Off

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement