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OIL AND GAS
IEA fears climate goals may fall victim to 'Russia's aggression'
by AFP Staff Writers
Paris (AFP) March 23, 2022

The International Energy Agency voiced concern on Wednesday that Russia's war in Ukraine could scuttle efforts to fight climate change.

"It is vital that governments ensure that we keep the lights on, but this doesn't mean we can turn off our efforts to tackle climate change," IEA executive director Fatih Birol said at the opening of a meeting of energy ministers in Paris.

"I am very worried that our climate cause may well be another victim of Russia's aggression," said Birol, whose agency advises developed countries on energy policy.

The IEA reported earlier this month that CO2 emissions from the energy sector had jumped six percent last year to reach their highest level ever, at 36.3 billion tonnes, as economies recovered from the Covid pandemic.

The numbers "are not encouraging", said Birol.

Western countries are also concerned about energy supplies since Russia, a major exporter of oil and gas, invaded Ukraine on February 24, prompting some to consider turning to coal.

"It is not a binary choice. We must both increase reliable supply right now and accelerate our efforts for clean energy," said US Energy Secretary Jennifer Granholm.

The IEA was founded in 1974 following the oil crisis with a mandate focusing on energy security and policy cooperation. It has since broadened its mission to include the transition to cleaner sources of energy and achieving climate targets.

Birol urged governments to widen the IEA's mission.

"In addition to our traditional work on oil and gas security, I am asking our ministers for a new mandate for IEA to help countries ensure a reliable and sustainable supply of critical minerals such as lithium, cobalt, copper, nickel and rare elements that are so important for clean energy transitions," he said.


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OIL AND GAS
In climate fight, rich nations must give up oil first: report
Paris (AFP) March 22, 2022
Rich countries must end their oil and gas production by 2034 to cap global warming at 1.5 degrees Celsius and give poorer nations time to replace fossil fuel income, according to a report released Tuesday. The 70-page analysis from the Tyndall Centre for Climate Change Research comes as nearly 200 nations kicks off a two-week negotiation to validate a landmark assessment of options for reducing carbon pollution and extracting CO2 from the air. The overarching objective, enshrined in the 2015 Par ... read more

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