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

USD -
AED 3.672496
AFN 68.18705
ALL 82.654845
AMD 382.36924
ANG 1.790403
AOA 916.99971
ARS 1451.445104
AUD 1.504019
AWG 1.8
AZN 1.707273
BAM 1.66742
BBD 2.014834
BDT 121.74432
BGN 1.666425
BHD 0.377083
BIF 2985.464001
BMD 1
BND 1.283345
BOB 6.912486
BRL 5.353103
BSD 1.000384
BTN 88.242466
BWP 13.326229
BYN 3.38838
BYR 19600
BZD 2.011936
CAD 1.384195
CDF 2835.00015
CHF 0.796785
CLF 0.02426
CLP 951.728548
CNY 7.124701
CNH 7.12354
COP 3893.772113
CRC 503.94305
CUC 1
CUP 26.5
CVE 94.006565
CZK 20.74715
DJF 178.140586
DKK 6.36682
DOP 63.421288
DZD 129.420691
EGP 48.067104
ERN 15
ETB 143.637069
EUR 0.852961
FJD 2.238696
FKP 0.737679
GBP 0.737905
GEL 2.689777
GGP 0.737679
GHS 12.204271
GIP 0.737679
GMD 71.500902
GNF 8676.414169
GTQ 7.669551
GYD 209.292809
HKD 7.779923
HNL 26.209131
HRK 6.425297
HTG 130.90072
HUF 332.879926
IDR 16408
ILS 3.335965
IMP 0.737679
INR 88.277501
IQD 1310.541796
IRR 42075.000562
ISK 122.030058
JEP 0.737679
JMD 160.475724
JOD 0.709006
JPY 147.662503
KES 129.249972
KGS 87.449795
KHR 4009.548574
KMF 419.506512
KPW 900.03427
KRW 1392.339996
KWD 0.30537
KYD 0.83371
KZT 540.935249
LAK 21691.461699
LBP 89584.381261
LKR 301.837248
LRD 177.569376
LSL 17.362036
LTL 2.95274
LVL 0.60489
LYD 5.401765
MAD 9.008824
MDL 16.616224
MGA 4433.26655
MKD 52.466005
MMK 2099.833626
MNT 3596.020755
MOP 8.019268
MRU 39.935206
MUR 45.479981
MVR 15.310197
MWK 1734.600793
MXN 18.45195
MYR 4.204976
MZN 63.910518
NAD 17.362036
NGN 1500.850375
NIO 36.813163
NOK 9.86678
NPR 141.187604
NZD 1.679699
OMR 0.383563
PAB 1.000384
PEN 3.486338
PGK 4.239737
PHP 57.207001
PKR 284.023957
PLN 3.629555
PYG 7148.642312
QAR 3.651903
RON 4.317099
RSD 99.867855
RUB 83.397664
RWF 1449.592907
SAR 3.750597
SBD 8.206879
SCR 14.26498
SDG 601.502513
SEK 9.331397
SGD 1.282535
SHP 0.785843
SLE 23.37501
SLL 20969.503664
SOS 571.720875
SRD 39.375022
STD 20697.981008
STN 20.887506
SVC 8.753144
SYP 13001.951397
SZL 17.345155
THB 31.749595
TJS 9.413615
TMT 3.51
TND 2.912145
TOP 2.3421
TRY 41.336799
TTD 6.801654
TWD 30.299901
TZS 2460.974466
UAH 41.241911
UGX 3515.921395
UYU 40.069909
UZS 12452.363698
VES 158.73035
VND 26385
VUV 118.929522
WST 2.747698
XAF 559.236967
XAG 0.023712
XAU 0.000275
XCD 2.70255
XCG 1.802975
XDR 0.695511
XOF 559.236967
XPF 101.675263
YER 239.550483
ZAR 17.359398
ZMK 9001.202571
ZMW 23.734175
ZWL 321.999592
  • CMSD

    0.0100

    24.4

    +0.04%

  • BCC

    -3.3300

    85.68

    -3.89%

  • NGG

    0.5300

    71.6

    +0.74%

  • RBGPF

    0.0000

    77.27

    0%

  • BCE

    -0.1400

    24.16

    -0.58%

  • JRI

    0.1100

    14.23

    +0.77%

  • RIO

    -0.1000

    62.44

    -0.16%

  • CMSC

    -0.0200

    24.36

    -0.08%

  • BTI

    -0.7200

    56.59

    -1.27%

  • GSK

    -0.6500

    40.83

    -1.59%

  • SCS

    -0.1900

    16.81

    -1.13%

  • VOD

    -0.0100

    11.85

    -0.08%

  • RELX

    0.1700

    46.5

    +0.37%

  • RYCEF

    0.1800

    15.37

    +1.17%

  • AZN

    -1.5400

    79.56

    -1.94%

  • BP

    -0.5800

    33.89

    -1.71%

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