Economic Forum ends in Astana
05.05.2011
At the Astana Economic Forum, a group of Nobel Prize laureates proposed solutions to pressing economic issues.
South Korean economists have suggested the world’s leading central banks should regulate the International Monetary Market, stating that only well-coordinated work on part of central banks will make it possible to avoid dramatic fluctuations on the monetary market and prevent financial crises in the future.
Officials from international organizations and delegates from China, Turkey and India, also shared their vision for the development of monetary policy development.
Suman Bery, a member of the Economic Advisory Council to the Prime Minister of India said he was astonished by the Kazakhstan president’s detailed attention to international monetary reform, and noted that his vision in this area surpasses that of the majority of heads of other states.
Participants in the “Green growth - Post-Kyoto Prospects” session suggested switching to environmentally-friendly energy technology from oil, gas and coal.
The deficit in conventional energy sources could double by 2050, participants said.
Nurgali Ashim, Kazakhstan's Minister of Environmental Protection commented, "The development of energy, be it nuclear, coal or oil and gas, has to meet the requirements of green growth. In this respect, President Nazarbayev has said the development of Kazakhstan’s and the world energy industry must meet these requirements and improve the environment".
Those present noted that the latest global catastrophes such as the oil spill in the Gulf of Mexico and the accident at the Fukashima Nuclear Power Plant in Japan have confirmed the for solving energy and environmental problems in an urgent and joint manner.
The participating scientists put together some main regulations for the global energy and environmental strategy as part of a regular session yesterday.
A detailed discussion on the document will be held at the 2012 Earth Summit in Brazil, Caspionet reports.
