Latest news with #FutureofEnergySecuritySummit
Yahoo
21-05-2025
- Business
- Yahoo
Global leader issues bold statement about unexpected security threat: 'Can be weaponized against us'
Britain is committed to pursuing national energy security as a clean energy champion, and the country is encouraging other governments to follow suit, Reuters reported. During the Future of Energy Security Summit, which took place in London late last month, Britain urged countries that previously relied on Russian fuels — whose prices soared after the start of Russia's war on Ukraine in 2022 — to take back control of their energy. "Energy security is national security," said British Prime Minister Keir Starmer, per Reuters. "As long as energy can be weaponized against us, our countries and our citizens are vulnerable and exposed," said Ed Miliband, Britain's energy minister, per Reuters. Britain's Labour Party plans to make the country a clean energy superpower and "largely decarbonise the country's electricity sector by 2030," according to Reuters. The Labour Party has ambitious plans to double the country's onshore wind projects, triple solar power projects, and quadruple offshore wind projects by 2030, according to the Labour Party's website. On top of that, the Party plans to invest in carbon capture and storage (CCS), as well as energy storage solutions to efficiently power the nation and reduce harmful gas pollution that contributes to the planet's overheating. One notable carbon capture project, the Liverpool Bay CCS, whose carbon transport and storage system is operated by Italian energy company, Eni, is expected to generate 2,000 construction jobs worth $2.66 billion in supply chain contracts, according to Reuters. Britain's bold strides toward a clean energy economy and energy security represent a larger, global shift away from dirty fuels and toward a more sustainable future for the planet. For example, the Clean Energy Transition Partnership, an international coalition that aims to interrupt funding for oil and gas projects by public funds, has seen a drop in public funding for fossil fuel projects by $15 billion per year since 2021. A global clean energy survey involving 450 senior decision makers in the energy and natural resource industry across Europe, North America, Asia Pacific, and Latin America revealed that 100% of respondents have a clean energy strategy. How do you currently heat your home? Oil Gas Heat pump Something else Click your choice to see results and speak your mind. Clean energy and sustainability are increasingly becoming core to business strategies, allowing companies to increase profits by eliminating environmentally wasteful operation procedures. These sustainability-focused businesses prove that it is possible to be prosperous while environmentally conscious. These sustainability-focused businesses prove to be financially smart companies for individual investors and countries to back, as the long-term momentum of the clean economy is proof that clean energy is not only here to stay but is key to a sustainable future. "Whilst we won't be turning off the taps (on oil and gas) we are going all out for our plan for change to make Britain a clean energy superpower to secure home grown energy and set a path for clean power," said British Prime Minister Starmer, per Reuters. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Straits Times
29-04-2025
- Business
- Straits Times
EU's von der Leyen invites scientists, researchers to make Europe their home
FILE PHOTO: European Commission President Ursula von der Leyen delivers a keynote speech during the Future of Energy Security Summit, hosted by the International Energy Agency and UK Government at Lancaster House in London, on April 24, 2025. JUSTIN TALLIS/Pool via REUTERS BRUSSELS - European Commission President Ursula von der Leyen on Tuesday invited scientists and researchers from the world over to make Europe their home when the Trump administration is threatening to cut federal funding for Harvard and other U.S. universities. They have been in the administration's crosshairs, mainly over how they handled pro-Palestinian rallies against Israel's war in Gaza that roiled campuses last year, but also over issues like DEI programs, climate initiatives and transgender policies. "Controversial debates at (European) universities are welcome. We consider freedom of science and research as fundamental," von der Leyen said in Valencia at the 2025 Congress of the conservative European People's Party, the largest of the European Parliament. "Not only because it is a core value for us but also because this is how excellence and innovation thrive," she said. "This is why Europe is open to the best and brightest. This is why we will make proposals to help them 'Choose Europe'. Because we want scientists and researchers from all over the world to make Europe their home – and to make Europe the home of innovation again." Harvard scientist Donald Ingber said earlier this month he knew of post-doctoral applicants who are now turning down research positions in the U.S. that they had accepted because they are afraid to live in America as foreigners. They are turning to China or Europe to carry out their work. During her speech, von der Leyen sought to contrast the 27-nation European Union with the U.S. by touting it as a role model for fair and rules-based international trade. After weeks of threats, Trump announced on April 2 a series of broad "reciprocal tariffs" on goods imported to the United States from most other countries. They included a 20% tax on EU imports that was later lowered to 10% under what he called a 90-day pause following a rout in U.S. stock markets. The Trump administration's tariff policy - which it says aims to tackle unfair trade practices and re-shore manufacturing - has exacted a major toll on companies, forcing many to cut spending, upending supply chains and making it hard to plan beyond the immediate term. "Global markets are shaken by the unpredictable tariff policy of the U.S. administration. U.S. tariffs on the rest of the world are at their highest in a century," von der Leyen said. "But in every crisis there is also an opportunity (...) Now the world of trade is turning towards us (...) They all want to deal with us. Because we are fair, reliable and we play by the rules. So let us stay the course, cool-headed and united. Because that is who we are. That is the European way of trade." REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Shafaq News
25-04-2025
- Business
- Shafaq News
Iraq plans to build largest solar power station
Shafaq News/ Iraqi government intends to establish the country's largest electricity generation plant using solar energy, Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani Al-Sawad said on Friday. According to a statement issued by the Ministry of Oil, the announcement came during Al-Sawad's meeting with International Energy Agency (IEA) Executive Director Fatih Birol on the sidelines of the Future of Energy Security Summit, which opened Thursday in London. Al-Sawad emphasized the importance of increasing the use of alternative energy sources in Iraq, particularly in electricity generation. The minister said Iraq has multiple clean energy projects underway, including the planned construction of the country's largest solar-powered electricity station. He also cited initiatives to utilize gas in national industries, calling it a strategic step in the government's program to diversify energy sources. On Thursday, the oil minister reiterated that fossil fuels will remain a key source of energy and industrial input in the coming years. Highlighting the Iraqi government's efforts and plans to expand the use of renewable energy, especially in solar power projects aimed at generating 12,000 megawatts, He also pointed to significant investments in associated gas from several projects, including the Integrated South Project in cooperation with TotalEnergies, which will, for the first time, involve the use of seawater for injection in oil fields. The Future of Energy Security Summit is being held in collaboration between the UK government and the IEA, with participation from energy ministers and senior officials from over 60 countries, as well as major global energy companies.
Iraqi News
25-04-2025
- Business
- Iraqi News
Iraq's Oil Minister participates in IEA Energy Security Summit in London
London ( – Iraqi Deputy Prime Minister and Oil Minister Hayan Abdul Ghani participated in the International Energy Agency (IEA) Future of Energy Security Summit held in London, UK. The high-level event gathered global energy leaders to address the evolving challenges facing the global energy landscape. On the sidelines of the summit, Minister Abdul Ghani met with Dr. Fatih Birol, Executive Director of the IEA. The two discussed recent developments in global oil markets and explored ways to strengthen cooperation between Iraq and the IEA. Their talks focused on supporting Iraq's efforts to overcome domestic energy challenges and build a more resilient and secure energy infrastructure. As Iraq navigates a complex energy transition, the meeting underscored the country's commitment to improving energy security, modernizing infrastructure, and enhancing collaboration with international partners. Strengthening ties with the IEA is seen as a crucial step in helping Iraq overcome energy challenges and develop a more sustainable and resilient energy system. The summit marked a key opportunity for Iraq to reaffirm its role in global energy discussions and to engage with partners on collaborative solutions for long-term energy security.
Barnama
25-04-2025
- Politics
- Barnama
Fadillah Joins Ministerial Plenary Session On The Future Of Energy Security Summit
From Salawaty Supardi LONDON, April 25 (Bernama) -- Deputy Prime Minister Datuk Seri Fadillah Yusof participated in a ministerial plenary on the second day of the Future of Energy Security Summit at Lancaster House here on Friday. Accompanying Fadillah, who is also the Energy Transition and Water Transformation Minister, were Senior Private Secretary to the Deputy Prime Minister, Datuk Ahmad Wafi Harussani, Sarawak Energy Group chief executive officer Datuk Sharbini Suhaili, and Sarawak Energy corporate communication general manager Elain Tan. The three-hour ministerial plenary, which began at 9.45am local time, was moderated by International Energy Agency (IEA) executive director Dr Fatih Birol. Building on the preceding day, the final plenary provided a crucial opportunity for governments to discuss priorities and actions they might take to shape a global agenda that moves beyond this gathering, embedding a forward-looking and resilient approach to energy security. Specifically, the session aimed to build consensus in areas such as shaping and embedding a holistic approach to energy security and identifying existing and emerging energy security priorities. It also ensured governments have the tools they need to prevent and respond to the spectrum of challenges confronting them as the energy security context evolves, as well as to coordinate and collaborate effectively to ensure national and global energy security, both now and into the long term. The two-day summit, which kicked off yesterday and was organised by the IEA and the United Kingdom government, convened global decision-makers to advance action to map and mould the future of energy security. Fadillah, who arrived on Wednesday for a three-day working visit, is scheduled to meet with the Malaysian diaspora in the UK at the Malaysian High Commission in London later today.
