With Gas Prices Flying High, Annan Calls for Energy Revolution

With growing concerns over high prices of oil and its adverse impact on the world’s poor and the environment, the United Nations is urging policy makers to explore the use of alternative sources for energy. We need a revolution in energy efficiency,” UN Secretary-General Kofi Annan told the UN Commission on Sustainable Development (CSD) this week. “We need mature, renewable, such as wind, hydro, and solar energy.” Currently, development experts and policy makers from around the world are attending a two-week meeting of the Commission in New York, which ends Friday.

According to a forecast by the U.S. Department of Energy, the average price of crude oil is unlikely to fall to less than $64 a barrel this year. However, next year, it may decline to $61 a barrel.

yahoo