United NationsDepartment of Economic and Social Affairs Sustainable Development


Mr. Chairman,
My delegation wishes to align itself to the statement delivered by the distinguished delegate from
Pakistan on behalf of the Group of 77 and China.
We share the observation made in the Chairman?s negotiating text that the world will continue to
depend on fossil fuels for decades to come as the major source of energy to meet our
development needs. Among other concerns developing countries, especially non-oil producing
countries have been those hardest hit by the skyrocketing price of oil over the years, ultimately
impacting adversely on our drive towards achieving sustainable development.
As the G77 and China pointed out in their statement, the increasing demand, and I dare add the
increasing high cost of oil, is exerting enormous pressure on the already limited resources of
developing countries, particularly those from Africa, LDCs, LLDCs and SIDS.
Mr. Chairman,
The G77 and China is a grouping of developing countries, and we have majority of oilproducing
countries as members of our group. How do we give a true meaning to the promotion
of south-south cooperation for development if the cost of energy which is critical for sustainable
development is beyond the reach of developing countries?
My delegation offers its unflinching support to calls for diversifying sources of energy and the
need to devote attention to renewable energy sources like solar, wind, e.t.c. In this connection,
Ghana has adopted a number of policies and measures to promote the development of renewable
energy. Some of the measures are as follows:
i) Portfolio Standard/Renewable Energy Quota (REQ). In this scenario a minimum share
obligation of renewable energy is imposed on electric utilities, starting from 2010. The share of
renewable technologies in total electricity generation has been assumed at 2% for 2010,
progressively rising to 20% in 2030.
ii) Public Benefit Fund (PBF). In this scenario, a fund is created through a levy on
electricity transmission, which can be used for partly funding investment in renewable energy
technologies up to one-third of the needed investment for wind and solar technologies for any
enterprise. A flat rate levy per MWh on electricity transmission will be imposed.
iii) Clean Development Mechanism (CDM). This analyses the possibility of deploying
renewable energy technologies as Clean Development Mechanism projects under the Kyoto
Notwithstanding these efforts, it is important to underscore that the technologies for renewable
energy are still beyond the reach of many poor countries, in terms of access and affordability. In
this light, my delegation is of the view that it will do a tremendous lot of good to the
development aspirations of developing countries if the price of oil is also made affordable.
Therefore while calling for technology transfer, we can in the meantime work on cost of fossil
fuel to make it affordable to developng countries.
I thank you.