The China Mail - US opposes 'dangerous' anti-fossil fuel policies at global summit

USD -
AED 3.6725
AFN 65.499729
ALL 82.012423
AMD 377.773158
ANG 1.79008
AOA 917.000037
ARS 1442.275002
AUD 1.437732
AWG 1.8
AZN 1.697294
BAM 1.659595
BBD 2.015639
BDT 122.394949
BGN 1.67937
BHD 0.376995
BIF 2965.596535
BMD 1
BND 1.27457
BOB 6.91481
BRL 5.271602
BSD 1.000776
BTN 90.44239
BWP 13.24927
BYN 2.866659
BYR 19600
BZD 2.012669
CAD 1.369065
CDF 2230.000275
CHF 0.7768
CLF 0.021932
CLP 866.00035
CNY 6.93805
CNH 6.938869
COP 3698
CRC 496.14758
CUC 1
CUP 26.5
CVE 93.565043
CZK 20.568969
DJF 178.211857
DKK 6.331013
DOP 63.157627
DZD 129.992996
EGP 46.861601
ERN 15
ETB 155.932472
EUR 0.847799
FJD 2.210498
FKP 0.732184
GBP 0.736925
GEL 2.694986
GGP 0.732184
GHS 10.987836
GIP 0.732184
GMD 73.000379
GNF 8783.310776
GTQ 7.675957
GYD 209.370505
HKD 7.81155
HNL 26.434899
HRK 6.3863
HTG 131.283861
HUF 322.487018
IDR 16879.45
ILS 3.13001
IMP 0.732184
INR 90.398099
IQD 1311.010794
IRR 42125.000158
ISK 122.770089
JEP 0.732184
JMD 156.523658
JOD 0.709003
JPY 156.875974
KES 129.102598
KGS 87.450209
KHR 4038.98126
KMF 418.999491
KPW 900.030004
KRW 1469.990241
KWD 0.307339
KYD 0.833956
KZT 493.576471
LAK 21509.911072
LBP 89638.030929
LKR 309.69554
LRD 186.137286
LSL 16.167606
LTL 2.95274
LVL 0.60489
LYD 6.339495
MAD 9.185352
MDL 17.007501
MGA 4427.737424
MKD 52.251206
MMK 2099.783213
MNT 3569.156954
MOP 8.05317
MRU 39.920067
MUR 46.059657
MVR 15.449897
MWK 1735.286131
MXN 17.426835
MYR 3.9525
MZN 63.750209
NAD 16.167606
NGN 1366.530344
NIO 36.826006
NOK 9.778903
NPR 144.708438
NZD 1.67346
OMR 0.384506
PAB 1.000776
PEN 3.36398
PGK 4.350519
PHP 58.550504
PKR 280.209677
PLN 3.58107
PYG 6608.484622
QAR 3.647395
RON 4.318398
RSD 99.504972
RUB 76.753269
RWF 1460.610278
SAR 3.750238
SBD 8.058149
SCR 14.862442
SDG 601.501385
SEK 9.03673
SGD 1.273565
SHP 0.750259
SLE 24.450362
SLL 20969.499267
SOS 570.904894
SRD 37.86973
STD 20697.981008
STN 20.789492
SVC 8.756194
SYP 11059.574895
SZL 16.159799
THB 31.705498
TJS 9.366941
TMT 3.505
TND 2.899825
TOP 2.40776
TRY 43.6127
TTD 6.776526
TWD 31.654974
TZS 2574.999777
UAH 43.184356
UGX 3572.383187
UYU 38.617377
UZS 12275.134071
VES 377.985125
VND 25960
VUV 119.687673
WST 2.726344
XAF 556.612755
XAG 0.013394
XAU 0.000205
XCD 2.702549
XCG 1.803594
XDR 0.692248
XOF 556.610394
XPF 101.198154
YER 238.396166
ZAR 16.198103
ZMK 9001.200805
ZMW 18.589121
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0300

    23.55

    +0.13%

  • CMSD

    0.0200

    23.89

    +0.08%

  • BCC

    -1.0700

    89.16

    -1.2%

  • BCE

    -0.7700

    25.57

    -3.01%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BP

    -1.0300

    38.17

    -2.7%

  • NGG

    -0.9000

    86.89

    -1.04%

  • GSK

    1.9400

    59.17

    +3.28%

  • BTI

    0.3300

    61.96

    +0.53%

  • RIO

    -5.3600

    91.12

    -5.88%

  • JRI

    -0.1500

    13

    -1.15%

  • AZN

    -0.2900

    187.16

    -0.15%

  • RYCEF

    -0.2000

    16.42

    -1.22%

  • VOD

    -1.0900

    14.62

    -7.46%

  • RELX

    0.3100

    30.09

    +1.03%

US opposes 'dangerous' anti-fossil fuel policies at global summit
US opposes 'dangerous' anti-fossil fuel policies at global summit / Photo: © AFP

US opposes 'dangerous' anti-fossil fuel policies at global summit

An international summit on the future of energy security opened in London on Thursday with stark opposition from Washington, which called policies to phase out fossil fuels "harmful and dangerous".

Text size:

Profound differences emerged at the two-day International Energy Agency (IEA) meeting over the role of renewables in satisfying the world's thirst for energy.

The meeting takes place amid global economic turmoil sparked by wars in Ukraine and the Middle East, and uncertainty surrounding US President Donald Trump's tariffs.

"Some want to regulate every form of energy besides the so-called renewables, completely out of existence... We oppose these harmful and dangerous policies. This is not energy security," Tommy Joyce, US Acting Assistant Secretary of Energy for International Affairs, told the conference.

That contrasted to a more moderate message from IEA executive director Fatih Birol in opening remarks at the summit, co-hosted by the UK.

"Every economy has its own pathway for energy. We should understand and respect it," he said.

He added also that "oil and gas are key parts of our energy mix, and they will remain as part of the energy mix in years to come."

Birol's comments depart from the IEA's own forecast in 2023 that fossil fuel demand would peak before 2030.

Meanwhile, British Energy Secretary Ed Miliband welcomed "low carbon energy" as playing "a critical role in delivering energy security."

"As long as energy can be weaponised against us, our countries and our citizens are vulnerable and exposed," he added.

Several energy ministers from European countries attended the gathering, including 120 senior government officials, business leaders, and experts.

The United States is only represented by acting deputy secretaries of state, while China, Saudi Arabia and Russia are skipping the event altogether.

European Commission President Ursula von der Leyen was set to later detail Europe's efforts to promote affordable and sustainable energy.

- Renewable energy disagreements -

The Organization of the Petroleum Exporting Countries (OPEC) has welcomed the meeting.

"The overall theme is one that OPEC supports. It is positive to see the IEA refocusing on energy security after veering away from this fundamental goal," the group said on Wednesday.

"Many net zero policies have endorsed unrealistic timelines or had little regard for energy security, affordability or feasibility," said OPEC, which has previously described the phasing out of fossil fuels as a "fantasy".

OPEC, whose membership is dominated by oil-producing Gulf states, believes that energy security must be achieved by adding renewable energy sources to existing fossil fuels, not by replacing them.

European countries believe, however, that nuclear energy and renewables are the best way to avoid dependence on imported oil and gas, the prices of which have been increasingly volatile since Russia's 2022 invasion of Ukraine.

In the United States, Trump has repeatedly stated that he wants to lower energy prices with a "drill baby drill" approach in oil and gas fields, while limiting the development of wind power projects.

The French Energy Ministry noted that the mission of the IEA, which was established in 1974 in response to the first oil crisis, remains "to promote the energy transition as a tool for energy sovereignty."

It said "there is no stated American agenda for this meeting, and no European concern about a deviation from the agenda."

But according to a source at a major European energy company, the IEA and Birol have moderated their rhetoric toward renewables in recent months.

The idea is to "avoid antagonising the Trump administration and to calm things down a little with OPEC", this source said, speaking on condition of anonymity.

Y.Su--ThChM