International Renewable Energy Alliance: G8 has to give full priority to renewable energy

Bonn/Freiburg/London, 14 July 2006 – The International Renewable Energy Alliance, an alliance of the three leading international renewable energy organisations, the International Hydropower Association IHA, the International Solar Energy Society ISES and the World Wind Energy Association WWEA, calls upon the heads of states and governments of the G8 countries to give full priority to renewable energy deployment.

The G8 summit at St Petersburg this week has global energy security as one basic theme. Rising prices for oil and gas and the threat of climate change underline the urgency of a rapid switch to more renewable energy. It is well known amongstinternational energy experts that the different renewable energy sources, be it biomass, geothermal, hydro, solar, or wind, can already today cover an essential share of the global energy supply. Reliable technologies are available to harvest these energies at competitive cost and some of the G8 countries have already made good progress in renewable energy with substantial shares of the energy supply.

The international community has recognised the importance of renewable energy in the declarations of the Renewables 2004 conference in Bonn and of the Beijing International Renewable Energy Conference in 2005. The G8 also underlined in their 2005 Gleneagles declaration the need to act on the global level. However, despite these sources offering a long-term solution to energy security and climate change, the lack of a level playing field often makes it impossible for renewable energies to compete on the international energy markets.

The leaders of the industrialised countries need to take the steps now to pave the way for an accelerated renewable energy deployment: it is well within their scope of influence to create fair market conditions for renewable energy technologies. New frameworks and dedicated institutions need to be created to make sure that the necessary financial, technological and knowledge-based resources for the accelerated implementation of renewable energy are available.

The Hon. Peter Rae AO, Convenor of IREA: “Global warming and security of supply demand serious attention to the deployment of existing renewable energy technologies. Additional attention and funding needs to be spent on research into the further development of the technologies to tap the full potential of the full range of these technologies and to further reduce the cost of production.”