G8 pledges to support investment energy-saving business opportunities
More greener living business opportunities are set to emerge worldwide following a pledge by leaders of rich countries to step up investment in technologies that can support green energy.
In a bid to reduce emissions by 80 per cent by 2050, leaders at the Group of Eight meeting in L'Aquila, Italy have promised to invest more in renewable energy, which they say will "play an essential role".
A document entitled Responsible Leadership for a Sustainable Future said that the leaders "recognise the need to scale up investments in energy infrastructures and technological innovation".
They also need to "adapt regulatory and institutional frameworks where necessary, to increase energy diversification and improve energy efficiency as the most cost effective means of reducing emissions".
Such measures, which include setting up critical private sector investment infrastructures, will drive "green recovery while substantially improving energy security".
Comprised of the US, Canada, France, Germany, Italy, Japan, Russia and the UK, the G8 also encouraged developing economies to put in place measures to cut their own emissions.
