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

EUR -
AED 4.178094
AFN 80.660838
ALL 98.620985
AMD 442.81052
ANG 2.050119
AOA 1037.406639
ARS 1323.548457
AUD 1.782369
AWG 2.047514
AZN 1.936072
BAM 1.953658
BBD 2.295063
BDT 138.107337
BGN 1.953169
BHD 0.428707
BIF 3380.393055
BMD 1.137508
BND 1.490752
BOB 7.854387
BRL 6.46036
BSD 1.136644
BTN 96.94284
BWP 15.560799
BYN 3.719988
BYR 22295.149099
BZD 2.283276
CAD 1.576574
CDF 3272.609072
CHF 0.939342
CLF 0.027909
CLP 1070.974491
CNY 8.289035
CNH 8.293358
COP 4893.842103
CRC 572.966647
CUC 1.137508
CUP 30.143952
CVE 110.144216
CZK 24.975123
DJF 202.41625
DKK 7.465351
DOP 67.455435
DZD 150.530901
EGP 57.967725
ERN 17.062614
ETB 151.48415
FJD 2.567807
FKP 0.858034
GBP 0.854877
GEL 3.117175
GGP 0.858034
GHS 17.221115
GIP 0.858034
GMD 81.330736
GNF 9843.119485
GTQ 8.754323
GYD 237.817119
HKD 8.825364
HNL 29.468426
HRK 7.533257
HTG 148.505843
HUF 407.262067
IDR 19165.353793
ILS 4.147654
IMP 0.858034
INR 97.060794
IQD 1489.05401
IRR 47903.288019
ISK 144.895596
JEP 0.858034
JMD 180.062543
JOD 0.806724
JPY 162.126117
KES 147.091207
KGS 99.324201
KHR 4549.970495
KMF 494.24449
KPW 1023.692616
KRW 1632.653167
KWD 0.348669
KYD 0.947253
KZT 587.420669
LAK 24581.827421
LBP 101848.612626
LKR 340.953113
LRD 227.338701
LSL 21.212452
LTL 3.358764
LVL 0.688067
LYD 6.220179
MAD 10.542746
MDL 19.636294
MGA 5115.345533
MKD 61.465435
MMK 2387.74812
MNT 4030.323332
MOP 9.083459
MRU 45.036217
MUR 51.531147
MVR 17.523332
MWK 1971.021247
MXN 22.283194
MYR 4.974301
MZN 72.800375
NAD 21.212452
NGN 1833.002813
NIO 41.833757
NOK 11.83058
NPR 155.109906
NZD 1.902521
OMR 0.437964
PAB 1.136644
PEN 4.194963
PGK 4.704799
PHP 64.217422
PKR 319.496131
PLN 4.275141
PYG 9097.943198
QAR 4.14352
RON 4.976825
RSD 117.090569
RUB 94.233029
RWF 1623.20572
SAR 4.266897
SBD 9.483381
SCR 16.208892
SDG 683.071875
SEK 10.911303
SGD 1.492228
SHP 0.893902
SLE 25.877833
SLL 23852.947296
SOS 649.581957
SRD 41.917193
STD 23544.110848
SVC 9.946093
SYP 14790.043117
SZL 21.202749
THB 38.038825
TJS 12.07735
TMT 3.992652
TND 3.393279
TOP 2.664159
TRY 43.582478
TTD 7.712542
TWD 36.985836
TZS 3059.895608
UAH 47.394411
UGX 4167.393393
USD 1.137508
UYU 47.677298
UZS 14639.817249
VES 94.767943
VND 29637.760703
VUV 136.272965
WST 3.153487
XAF 655.23271
XAG 0.033986
XAU 0.000341
XCD 3.074171
XDR 0.818078
XOF 655.23271
XPF 119.331742
YER 278.973029
ZAR 21.289302
ZMK 10238.937064
ZMW 31.969661
ZWL 366.276985
  • JRI

    0.1100

    12.6

    +0.87%

  • CMSC

    0.2500

    22.41

    +1.12%

  • SCS

    0.0900

    9.84

    +0.91%

  • RIO

    1.1180

    61.318

    +1.82%

  • BCC

    1.6500

    94.98

    +1.74%

  • GSK

    0.2500

    37.28

    +0.67%

  • BCE

    -0.1800

    22.04

    -0.82%

  • BTI

    -0.0950

    42.415

    -0.22%

  • NGG

    0.3200

    72.03

    +0.44%

  • AZN

    0.9500

    69.46

    +1.37%

  • RYCEF

    0.2800

    9.78

    +2.86%

  • CMSD

    0.1890

    22.479

    +0.84%

  • BP

    0.2750

    28.875

    +0.95%

  • VOD

    -0.0190

    9.281

    -0.2%

  • RELX

    0.0800

    52.78

    +0.15%

  • RBGPF

    -0.4500

    63

    -0.71%

US opposes 'dangerous' anti-fossil fuel policies at global summit
US opposes 'dangerous' anti-fossil fuel policies at global summit / Photo: SAEED KHAN - 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.

F.Vit--TPP