G8 L'Aquila Responsible Leadership for a Sustainable Future: Statement

Sectors : Energy, Investment, Mitigation and low carbon growth, Adaptation, Climate change technology and research, Climate change financing, Transparency and accountability
Organisation : G8
Date made: 
2009
Level: 
Heads Of State
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Commitments in: Infrastructure - Energy

“88. A comprehensive strategy to ensure sustainable development and long-term energy security must envisage a portfolio of different energy sources. In the context of diversification of the energy mix, renewable energies will play an essential role, as these meet the dual challenge of reducing emissions and lowering fossil-fuel consumption and dependence. We will:

a) improve policy and regulatory frameworks in order to boost investments in renewable energies, and promote their deployment and diffusion also in emerging and developing countries...”

Scope: 
International

Commitments in: Climate Change - Climate change technology and research

“73. The development and deployment of technologies and know-how in developed and developing countries will play a crucial role both in mitigation and adaptation to climate change and in moving towards low-carbon growth models. ... Building on our existing commitments to urgently advance the development and deployment of clean energy technologies, consistent with existing international obligations, we will...

d) ...work with developing countries to build capacity to support the deployment, diffusion, demonstration and transfer of climate friendly technologies."

Scope: 
International

Commitments in: Climate Change - Mitigation and low carbon growth

“64. We reconfirm our strong commitment to the UNFCCC negotiations and to the successful conclusion of a global, wide-ranging and ambitious post-2012 agreement in Copenhagen, involving all countries, consistent with the principle of common but differentiated responsibilities and respective capabilities.”

Scope: 
International

“69. We support flexible, economically sound market-based approaches to emission reductions. In particular, cap & trade schemes, where implemented, have proved largely successful and improved understanding of the potential advantages, critical issues and indicators. The use of market mechanisms, including those under the Kyoto Protocol, provides opportunities to reduce emissions cost-effectively, while facilitating technology diffusion, low-carbon development and the involvement of emerging and developing countries. With a view to building on these experiences and to facilitate action under the global post 2012 agreement, we commit to...

b) ...cooperate among us and with other countries to expand carbon markets to the extent possible and reduce costs and align emission allowance trading schemes, with a view to developing transparent carbon markets which would expand to involve emerging and developing countries, including on a sectoral basis;

c) support the development, reform and enhancement of project, programmatic and policy-based offset mechanisms, including the Kyoto Protocol’s Clean Development Mechanism (CDM), in order to encourage their use, enhance their effectiveness and environmental integrity, and facilitate actions from developing countries under the global, post-2012 agreement...”

Scope: 
International