D-8 Holds the Working Committee on Renewable Energy Today in Ankara

Ankara, Turkey | June 08, 2010 by D-8 Secretariat

D-8 Holds the Meeting on Renewable Energy today in Ankara, attended by delegations from Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan and Turkey

The First Session of the D-8 Working Committee on Renewable Energy was held in Ankara, Turkey on June 8-9, 2010. The meeting was attended by Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan and Turkey.

Mr. M. Kemal Büyükmıhçı, General Director of EIE of Turkey made his welcoming statement to the participants. In his speech, Mr Büyükmıhçı made reference to the impacts of fluctuation in global energy prices, exhaustion of fossil resources, global warming etc in energy security and therefore the importance of energy efficiency. He stressed that energy demand will mostly be from the developing countries and it is expected that it will be 45% more in 2030. In his speech, he also mentioned about the energy policies of Turkey up to 2023.

Acting Secretary General of D-8 Organization, H.E. Amb. Kia Tabatabaee delivered his speech. He pointed out that according to global trends estimation, renewable energy sources are set to expand rapidly. He said that, excluding traditional biomass use, renewable energy share of global primary energy demand is projected to climb from 7% in 2006 to 10% by 2030. In addition, world renewable-based electricity generation — mostly hydro and wind power — is projected to more than double over the outlook period, its share of total electricity output rising from 18% in 2006 to 23% in 2030. Renewable energy will overtake gas to become the second-largest source of electricity, behind coal, before 2015.

The meeting seek to cooperate closer among member countries in in renewable energy

Biomass, geothermal and solar thermal provided around 6% of total global heating demand in 2006. This share is projected to increase to 7% in 2030. Where resources are abundant and conventional energy sources expensive, renewable based heating can be very cost competitive with conventional fossil-fuel heating systems. Assumed higher fossil-fuel prices, which make renewable relatively more competitive and strong policy support, renewable energy need to be supported by investments and policies. Total of global cumulative investment in renewable energy supply in 2007-2030 amounts to $5.5 trillion.

The Working Commitee Meeting seek to cooperate closer among member countries in in renewable energy to find opportunity of new investment and markets, as well as to find, discuss, and formulate possibilities to address challenges in the energy market.

D-8 has been seeking to design an effective, efficient and operative government, public and private sector cooperation, and turn it into a project-oriented mechanism on D-8 cooperation sector. One vehicle to achieve this is through supporting the D-8 Joint Investment Fund which is hoped will be put into practice in 2010. By the help of this Fund, not only the D-8 Countries’ public and private sectors, but also all international organizations and NGOs will be invited for joint projects in D-8 cooperation sector.

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