The world’s leading economies and oil consumers are pledging greater investment in energy efficiency and green technologies to curtail petroleum use.
In a joint statement on Sunday, energy ministers from the Group of 8 countries, the United States, Japan, Russia, Germany, France, Britain, Italy and Canada, joined by China, India and South Korea, also urged oil producers to increase output, which has stalled at about 85 million barrels a day since 2005.
They also called for cooperation between buyers and producers. But with little prospect for a surge in production anytime soon, the focus of Sunday’s meeting was on what wealthy nations should do to rein in consumption, while reducing carbon emissions blamed for global warming.
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