Energy security is global problem

Dr Fatih Birol, IEA Executive Director said the energy world is changing fast but it needs to change faster still.

“The IEA is ready to support the twin goals of energy security and the clean energy transition and I’m delighted that our Member Countries, under the leadership of Secretary Granholm, are giving us the responsibilities and the resources to tackle the major challenges of our time. The IEA was founded nearly 50 years ago during the oil crisis of the 1970s and this Ministerial Meeting is setting us up to help lead the response to the energy and climate crises we face today,” said Birol.

The Ministerial Meeting also used the opportunity to welcome Lithuania as the IEA’s 31st Member Country. Ministers also announced that Argentina and Egypt are the latest major emerging economies to become IEA Association countries, joining Brazil, China, India, Indonesia, Morocco, Singapore, South Africa and Thailand.

The IEA also received a significant funding boost from governments to enable it to significantly scale up its work supporting the transition to clean energy in emerging economies.

Adapting policy and regulatory frameworks is necessary to accelerate deployment of clean energy projects

A special event was dedicated to how to better adapt policy, regulatory and legislative frameworks to accelerate deployment of the clean energy and low emissions technologies crucial to meeting international climate goals.

Angus Taylor, Australian Minister for Industry, Energy and Emissions REduction and one of the meeting’s three vice-chairs said along with securing supplies of gas and oil, low emissions technologies are essential to long-term energy security and are the cornerstone of practical emissions reduction strategies. “An acceleration in the deployment of low emissions technology will only be achieved by driving the costs of these technologies down.”

Ministers also underscored the importance of ensuring that clean energy transition policies are people-centred and take into account issues of fairness and inclusion, noting the need to sustain clean energy jobs and equitable opportunities.

Dan Jørgensen, Denmark’s Minister for Climate, Energy and Utilities, a vice-chair said the world has to accelerate energy transitions and this has to happen with people at the centre to ensure sustainable green employment growth. “Coming to Paris for the IEA Ministerial has reassured me that the political determination and the industrial and technological expertise is in place. Now we just have to act.”- ESI Africa

 

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