The China Mail - Fossil-fuel pledge in EU-Trump deal sparks climate fears

USD -
AED 3.6725
AFN 69.501552
ALL 84.301691
AMD 383.839933
ANG 1.789699
AOA 917.000018
ARS 1291.477699
AUD 1.53492
AWG 1.8025
AZN 1.702495
BAM 1.691261
BBD 2.020858
BDT 122.963969
BGN 1.69349
BHD 0.376975
BIF 2942.5
BMD 1
BND 1.288565
BOB 6.916741
BRL 5.572763
BSD 1.000873
BTN 86.834174
BWP 13.548842
BYN 3.275175
BYR 19600
BZD 2.010594
CAD 1.377005
CDF 2889.999642
CHF 0.8054
CLF 0.02449
CLP 960.740058
CNY 7.176899
CNH 7.18053
COP 4136.5
CRC 505.798217
CUC 1
CUP 26.5
CVE 95.949758
CZK 21.280503
DJF 177.720197
DKK 6.45939
DOP 60.999958
DZD 130.395993
EGP 48.646603
ERN 15
ETB 138.198917
EUR 0.86545
FJD 2.279029
FKP 0.746724
GBP 0.74875
GEL 2.699678
GGP 0.746724
GHS 10.500406
GIP 0.746724
GMD 72.000206
GNF 8655.999669
GTQ 7.680167
GYD 209.402578
HKD 7.849785
HNL 26.349964
HRK 6.522698
HTG 131.261377
HUF 346.059502
IDR 16374.9
ILS 3.367405
IMP 0.746724
INR 87.06355
IQD 1310
IRR 42112.499815
ISK 123.080315
JEP 0.746724
JMD 160.34901
JOD 0.709048
JPY 148.395499
KES 129.495986
KGS 87.316399
KHR 4019.999499
KMF 426.502086
KPW 899.957856
KRW 1388.029861
KWD 0.30549
KYD 0.83409
KZT 543.660522
LAK 21575.000206
LBP 89538.285754
LKR 302.389332
LRD 201.000031
LSL 17.889799
LTL 2.95274
LVL 0.60489
LYD 5.409798
MAD 9.089503
MDL 17.080469
MGA 4430.000071
MKD 53.306547
MMK 2099.008816
MNT 3590.523064
MOP 8.093224
MRU 39.81993
MUR 46.090168
MVR 15.396211
MWK 1736.495264
MXN 18.746955
MYR 4.235002
MZN 63.959653
NAD 17.8897
NGN 1529.797801
NIO 36.749549
NOK 10.198396
NPR 138.93811
NZD 1.67832
OMR 0.384493
PAB 1.00093
PEN 3.5525
PGK 4.152009
PHP 57.412008
PKR 283.049988
PLN 3.704149
PYG 7496.83272
QAR 3.640749
RON 4.394398
RSD 101.418033
RUB 80.752457
RWF 1440
SAR 3.750576
SBD 8.244163
SCR 14.144772
SDG 600.500338
SEK 9.646402
SGD 1.286895
SHP 0.785843
SLE 22.999737
SLL 20969.503947
SOS 571.506653
SRD 36.698062
STD 20697.981008
STN 21.45
SVC 8.757615
SYP 13001.494114
SZL 17.889789
THB 32.380341
TJS 9.533998
TMT 3.51
TND 2.894992
TOP 2.342104
TRY 40.576978
TTD 6.793556
TWD 29.702202
TZS 2569.999917
UAH 41.84319
UGX 3587.967467
UYU 40.048255
UZS 12600.000526
VES 122.68725
VND 26225
VUV 119.302992
WST 2.743399
XAF 567.277366
XAG 0.026168
XAU 0.0003
XCD 2.70255
XCG 1.803842
XDR 0.69341
XOF 558.999785
XPF 103.850162
YER 240.650227
ZAR 17.872399
ZMK 9001.191881
ZMW 22.996995
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • RBGPF

    3.6700

    77.55

    +4.73%

  • CMSC

    0.1100

    22.61

    +0.49%

  • CMSD

    0.2200

    23.12

    +0.95%

  • JRI

    0.0300

    13.06

    +0.23%

  • SCS

    -0.3400

    10.51

    -3.24%

  • BCC

    -0.6000

    86.14

    -0.7%

  • RIO

    0.0800

    62.27

    +0.13%

  • BCE

    -0.1700

    23.66

    -0.72%

  • NGG

    0.2000

    70.52

    +0.28%

  • RYCEF

    0.2400

    13.38

    +1.79%

  • RELX

    0.1500

    51.92

    +0.29%

  • GSK

    0.2200

    37.67

    +0.58%

  • BTI

    0.9900

    52.77

    +1.88%

  • VOD

    -0.0500

    11.11

    -0.45%

  • BP

    0.2900

    32.96

    +0.88%

  • AZN

    2.1500

    73.98

    +2.91%

Fossil-fuel pledge in EU-Trump deal sparks climate fears
Fossil-fuel pledge in EU-Trump deal sparks climate fears / Photo: © GETTY IMAGES NORTH AMERICA/AFP

Fossil-fuel pledge in EU-Trump deal sparks climate fears

The EU is promising colossal new US fossil fuel purchases under its trade deal with President Donald Trump, raising concerns for the bloc's climate fight -- should the mammoth pledges come true.

Text size:

As part of the framework agreed Sunday, the EU said its companies would buy $750 billion of liquefied natural gas, oil and nuclear fuels from the United States -- split equally over three years -- to replace Russian energy sources.

Many experts believe the eye-watering figure to be unrealistic -- and point out that market dynamics rather than EU policymakers dictate companies' energy choices.

Even on the supply side, Simone Tagliapietra of the Bruegel think-tank noted that the United States might not be able to build the additional export capacity within such a short time frame.

Brussels insists the number was not plucked out of thin air to keep Trump happy, but was based on an analysis of energy needs as it phases out Russian imports because of the Ukraine war between now and 2027.

The proposed increase would mean more than tripling annual energy imports from the United States -- about $70 billion last year -- and equate to well over half the 378 billion euros' worth of overall EU energy imports last year.

- 'Submission' -

A large part of the EU's additional billions would go to imports of LNG, which is transported in liquid state to European ports before being converted back to gaseous form and injected into the bloc's power network.

The United States currently account for about half of the EU's LNG imports, ahead of Russia on 20 percent -- a figure Brussels wants to cut to zero to choke off income that helps fund the war in Ukraine.

But environmental groups warn against a massive switch to American LNG extracted in part though hydraulic fracturing, or fracking, which uses explosives to create cracks in rock formations to release oil and gas deposits.

The highly polluting process comes with steep costs to both the climate and local environment, and is banned in a number of European countries.

"The Commission risks replacing one disastrous dependency with another -- unplugging Putin's gas and plugging in Trump's," Greenpeace warned when the EU's phase-out plans were presented.

Francois Gemenne, a policy expert who co-authored the UN's most recent IPCC report on climate change, in 2023, accused the EU of "submission" to Trump's pro-fossil fuel agenda.

Elected on a promise to "drill, baby drill," the US leader is openly hostile to renewable energy efforts and lashed out again at windmills "ruining" the landscape before meeting with EU chief Ursula von der Leyen in Scotland last weekend.

For Aymeric Kouam of the Strategic Perspectives think-tank, the energy deal with Trump is both "dangerous and counterproductive" and imperils its goal to become carbon neutral by 2050.

"Tying Europe's energy future to the US as a main supplier undermines the bloc's energy security strategy, anchored in supply diversification, renewable energy development, and energy efficiency increase," he said.

The EU pushed back at the charge on Tuesday.

"This agreement does not contradict our medium- to long-term decarbonisation objectives or targets at all," a commission spokesperson told reporters of the three-year energy pledge.

The Trump trade deal comes as the EU debates its 2040 emissions-reduction target, a key step towards its net zero goal.

The commission has proposed a target of cutting emissions by 90 percent compared to 1990 levels, but with new flexibilities to win over reluctant member states.

The EU says it has already cut climate-warming emissions by 37 percent relative to 1990, but its green agenda faces pushback with a rightward shift and rising climate scepticism in many European countries.

D.Pan--ThChM