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Home arrow newsitems arrow G20 Ministers draft Plan for Heads of State Summit while Global Change Popular Movement asks action

G20 Ministers draft Plan for Heads of State Summit while Global Change Popular Movement asks action

Written by ACM
Saturday, 15 October 2011
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Who will be faster ? This key question is obviously raised since this October 15, 2011, the same day that a crucial Minister of Finances and Central Banks Governors' G-20 International meeting concluded its efforts in Paris to prepare an exceptionally important G-20 Summit of Heads of State/Government at the beginning of November in Cannes under French chairmanship, while Popular Movements launched by "United for Global Change" a.o. World wide web pioneers mushroomed all over the Globe, spreading from Wall Street (New York) to Washington DC, California, etc. up to London, Rome, Frankfurt (ECB's headquarters), etc.

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- "Support Economic Activities for Growth", while, at the same time, carefuly "avoiding to take any (Austerity) measures that might affect the most Vulnerable, Poor People", is the "Best Reply" that States can give today to Young People's interrogations or cries, replied in substance the chairman-in-office of the G20 Ministerial gathering, French Minister Baroin,  to questions raised about various ECB officials a.o. statements on this coincidence.


+Meanwhile the preparation of an "Action Plan" due to be finalized at the November G20 Heads of State/Government Summit in Cannes, and agreements to start regulating Commodities' Prices (mainly Energy and Food) against excessive volatility recently, (Comp. Christine Lagarde's reply to "EuroFora"s question at the 1st G20 Ministerial gathering this year on February), emerged among a series of various  measures evoked at the Press Conference, after being examined and cited in the final, official Communiqué.

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Questioned today, at the concluding Press Conference of the G20 Ministerial gathering, whether all or at least some among the participants "felt any Comprehension" for these Popular Movements (which are going Global for the 1st time now), chairing French Minister François Baroin soberly but positively replied by distiguishing between 2 parts :

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- "Our Responsibilities, here, in these Structures (G20, etc), as well as of National Governments, it's, precisely, to set up the (right) Rules", since, in Economy, "LIberty is the main Rule, but there is no Libety without any Rules, he warned.


- I.e. he meant such Rules "which, by Supporting the Economic Activities" for more Growth, and by safeguarding "the Protection of a Social Model, with Solidarity vis a vis the most Vulnerable People in our Societies".


+ "For the rest, it's also a Specific Question concerning in particular each Country, according to the Austerity Measures that it takes".


- F.ex., "we try, in France" to advance towards this double direction (i.e. for more Growth, while keeping Solidarity : See supra), and that's why "we haven't taken any (Austerity) measure at all which might affect the most vulnerable People  : F.ex. the RSA (minimum revenue), the basic allocations, the poorest people, etc.", Baroin observed.


=>  - "That's the best reply from States and Governments to that Youth which raises questions and sometimes cries its hardships", concluded the chairman-in-office of the 2011 G20 Ministerial conference in Paris.

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    + Meanwhile, both the outgoing, experienced ECB President, Jean-Claude Trichet, and (even more) the incoming new ECB President Mario Draghi, reportedly gave some astonishing signs of understanding towards the main Popular concerns :   - "They are angry against the Financial World. I understand them", Draghi was reported saying in Paris, while Trichet, more sober, simply stressed towards THE Popular Movements going Global for the 1st time, that he "is Listening" to them...

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    But this didn't hinder Popular Movements  as "United for Global Change", etc., who organized the Worldwide October 15 events in "82 Countries, 951 Cities", as their Website claims, to spread out of New York, Washington DC, Boston, California or Chicago, etc., to Australia, but also London, Rome, Munich, and other EU Towns, including even Frankfurt, i.e. ECB's own European Headquarters...
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    + Meanwhile, on main Policy issues, among various other measures examined by the G20 Ministers in Paris, it's particularly an "Action Plan of Coordinated Policies", due "to address immediate vulnerabilities and strengthen the foundations for a strong, sustainable and balanced Growth", which is presented "for consideration" by Heads of State/Government at the November 2011 G 20 Summit, according to the Official Communiqué, as well as the New issues related to Raw Materials and other "Commodities", (Comp. new IMF and former French Economy/Finance Minister Christine Lagarde's reply to "EuroFora"s question at the 1st 2011 G20 Ministerial meeting, on February 2011 also in Paris), on which focus both most questions and expectations :

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 - A differentiated Draft "Action Plan" distinguishes between "Advanced" and "Emerging" Economies :  The first should "build Confidence" and "Fiscal Consolidation", but also "support Growth", either "based more on Domestic Demand", or by "increas(ing) National Savings", according to whether the Countries involved have "large Current Accounts Surpluses" or, on the contary, "Deficits", respectively. The others should "maintain Growth momentum in the face of Downside Risks, contain Inflationary Pressures and... enhance resilience in the face of Volatile Capital Flows, as well as adopt "Structural Reforms... towards Domestic Consumption", and "move towards more Market-determined Exchange Rate", according to the G20 Communiqué. 
 
- But "all Countries will undertake further Structural Reforms to raise Potential Growth" and "strive to Foster Growth, Job Creation and promote Social Inclusion", at the same time.


    + In this regard, "the proper functioning of Commodity Markets is Key for sustainable Global Economic Growth", stress from the outset the Collective Coclusions of the October 2011 G 20 Economy/Finance Ministers' gathering, issued this afternoon.

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    In order to fight against the recent "Volatility" of Raw Materials' prices, mainly Energy and Food, in particular, Gas and Coal are due to be included to JODI-Oil DataBases, together with "further work" for "Market Transparency", including " Annual Symposiums on Short, Medium and Long term Outlook and Forecasts", as well as "Recommendations toimprove the Functioning and Oversght of Price Reporting Agencies for mid-2012", according to the final G20 Communiqué.


    + At the same time, the G20 Ministers agreed also a series of "Principles" in order to "Regulate" the "Commodity Derivatives Markets", mainly of Raw Materials as "Energy and Food", f.ex. "by transposing the Rules already existing for Financial Markets", and by asking for the "Implementation" of the Recommendations included in a landmark new Report by IOSCO, which should report back "by the end 2012", as Baroin added later-on.


    - "Nothing but the (Official, Collective G20 Ministers') Communiqué, but all the Communiqué !", he simply but clearly added the chairman-in-office French Minister to a critical question at the Press Conference about the supposed reluctance of some organisations or countries...

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(See also "EuroFora"s previous NewsReport on G20-related issues etc, from Paris' Quai de Bercy and Elysee Palace, published yesterday)

 

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(NDLR : "DraftNews", as already sent to" EuroFora"s Subscribers/Donors. A complete and more accurate Final Version is due asap).

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Fillon invites EU to invent "New Horizons" behind Oil crisis

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geothermal_plant_400_01Soultz-under-Forests, June 13, 2008

A pioneer Franco-German research project on GeoThermy, near Strasbourg, served as "Symbol" of EU's will to become Independent on Energy by developing innovative Technologies, while imported Oil prices threaten to provoke a World-wide crisis.

It's essential to demonstrate Europe's will to "invent New Horizons", by creating Environment-friendly, Independent and Renewable Energy sources, while price rises continue for Oil, a polluting old ressource with insufficient stocks, stressed French Prime Minister Francois Fillon, anouncing that this will be a focus during the forthcoming French EU Presidency (July - December 2008).

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Fillon symbolically injected a 1st KWh produced by GeoThermy into Strasbourg's Electricity grid, during a special gathering of German and French officials at Soultz-under-Forests ("Soultz-sous-Forêts"), using a geothermal innovation which is "the most advanced in the World" :

The innovation uses Strasbourg's underground water richness to capture Heat, by injecting liquid among Rocks 5 km deep, where temperature is 200 c. Thus, it can be activated at any moment and location, even without natural warm water springs : A big advantage compared to old biothermal tools.

Engineers, Scientists and the Industry will have 2 Years to invent practical ways for this innovation to become productive and cost-efficient in real Economy, said Fillon.

115 Millions of Euros invested, 15 Research Labos, 430 Scientific Publications including 34 Doctoral PhD, and a systematic cooperation between French and German Governments and Public Agencies on Research, succeeded to prove that the new method works.

Already able to serve Electricity to a village with 1.500 inhabitants, the pioneer project intends to reach a capacity to serve 20.000 inhabitants before 2015, as part of a larger Plan to make all Renewable Energy Resources (together with Wind, Solar, etc) able to cover more than 23% of all Electricity needs before 2020.

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- In fact, "behind the challenge" faced with the current Oil crisis, there "is a New Horizon that we can shape all together", by "creating New Tools for the Future", Fillon launched towards EU Member States.

Meanwhile, we should intensify Energy Savings, simplify Transports, and help the Poorest cope with growing Oil prices, until EU joins a World-wide lead into inventing reliable and sufficient Renewable Energy Sources, he added.

Many, technologic and other Challenges exist, but they can be overcome : F. ex. the new GeoThermic method tested at Shoultz since 1987, had provoked an Earthquake at a nearby site, close to Bale, by injecting big volumes of pressurized Water in underground broken Rocks near a Seismic Faultline in 2003. But the move was rectified later-on, by diminishing the amount and pressure of the water injected in underground rocks, so that no Earthquake is provoked.

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geothermy_map heat_data

More than 1 Billion Euros are invested by France on Scientific and Technologic Research about Sustainable Development until 2012, aiming to take a 10 years advance, there where innovation can become source of Growth, Competitivity and Jobs, which, according to some evaluations could reach more than 220.000 before 2020, Fillon observed.

During the forthcoming French EU Presidency, together with our German friends, we shall do all necessary efforts for Europe's World-wide lead against Global Warming, thanks to Energy tools able to ensure its Independence, Growth, and Citizens' well-being, he concluded.

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The "Enhanced Geothermal System" (EGS) stems from pioneer research initiated by teams from France, Germany and Italy, joined also by Swiss, the U.K., and Sweden, even U.S. and Japan, since the 90ies.

In 1996, a European Economic Interest Group (GEIE) was founded, in order to exploit Electricity-produsing Heat from deep underground Rocks, including France's EDF and Germany's PfalzWerke.

In 2002, a Pilot scientific project started to be tested in Soultz-under-Forests, 50 kms north of Strasbourg.

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