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    Chinese President Xi Jinping (C) makes a speech during the opening ceremony of the G20 Leaders Summit in Hangzhou, Zhejiang province, China, September 4, 2016.

    Global Investment in Energy Projects Crucial to Preventing Risky Price Hikes

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    2016 G20 Summit in China's Hangzhou (65)
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    According to a rough draft of the Hangzhou communique, further investments into energy projects are essential if the world hopes to avoid economically dangerous price increases.

    HANGZHOU (Sputnik) — The G20 countries believe that continued investment into energy projects, especially with respect to sustainable energy, is crucial if the world hopes to prevent economically dangerous price hikes, according to a rough draft version of the Hangzhou communique, seen by Sputnik.

    "We stress that continued investment in energy projects and better regional interconnection, particularly in sustainable energy projects, remains critically important to ensuring future energy security and preventing economically destabilizing price spikes," the communique said.

    The G20 summit, which kicked off on Sunday, is set to last through Monday, September 5.
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    2016 G20 Summit in China's Hangzhou (65)

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