International cooperation in the energy sector is essential to ensuring energy supplies are secured, the IEA director said from St. Petersburg, Russia. Maria van der Hoeven, executive director of the International Energy Agency, said better energy efficiency was an essential tool for energy security. Coordinated efforts should be made, she said, to phase out inefficient fossil fuels in favor of low-carbon solutions.
Van der Hoeven was speaking before delegates at the Asia-Pacific Economic Cooperation energy conference in St. Petersburg. She said that, in 2010, more than half of the world's top oil consumers were members of APEC...............................................Full Article: Source
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