Yesterday, the eight leading economies met in Japan, alongside with China, India and South Korea. One of the main topics of discussion was the soaring prices of oil and energy.

To counter this, they pledged to invest massively in energy efficiency and low carbon technologies such as renewable energies, nuclear and carbon capture and storage (CCS).

This is an important event as the eleven countries present at this meeting account for nearly two thirds of the world energy consumption and CO2 emissions. Continue reading »