{"id":58239,"date":"2022-03-31T15:57:36","date_gmt":"2022-03-31T22:57:36","guid":{"rendered":"https:\/\/energi.media\/?p=58239"},"modified":"2022-03-31T15:57:36","modified_gmt":"2022-03-31T22:57:36","slug":"global-energy-leaders-vow-to-strengthen-energy-security-accelerate-energy-transition-at-iea-ministerial-meeting","status":"publish","type":"post","link":"https:\/\/energi.media\/news\/global-energy-leaders-vow-to-strengthen-energy-security-accelerate-energy-transition-at-iea-ministerial-meeting\/","title":{"rendered":"Global energy leaders vow to strengthen energy security, accelerate energy transition at IEA Ministerial Meeting"},"content":{"rendered":"<p><em>This article was published by the <a href=\"https:\/\/www.iea.org\/news\/at-iea-ministerial-meeting-global-energy-leaders-vow-to-strengthen-energy-security-and-accelerate-clean-energy-transitions?fbclid=IwAR2sukwqUOAxdtJrrT4E1lBsG2dKWPYW4PeePood2TwS0AtwrDW-XecSJ64\" target=\"_blank\" rel=\"noopener\">International Energy Agency<\/a> on March 24, 2022.<\/em><\/p>\n<p>Global energy leaders met in Paris this week for the <a href=\"https:\/\/www.iea.org\/events\/iea-2022-ministerial-meeting\" target=\"_blank\" rel=\"noopener noreferrer\">International Energy Agency\u2019s 2022 Ministerial Meeting<\/a>, sending a strong message of unity on the need to strengthen energy security, reduce market volatility, and accelerate clean energy transitions worldwide.<\/p>\n<p>Chaired by US Secretary of Energy Jennifer M. Granholm, the two-day meeting of energy and climate ministers representing more than 40 governments from around the world took place amid the severe energy market turmoil and energy security concerns triggered by Russia\u2019s unjust and unprompted invasion of Ukraine last month. Yaroslav Demchenkov, Ukraine\u2019s Deputy Minister of Energy for European Integration, attended the meeting in person as a special guest, and Ukrainian Minister of Energy Herman Halushchenko participated virtually in one of the plenary sessions.<\/p>\n<p>The major gathering of energy decision makers took place just a few months after the COP26 Climate Change Conference in Glasgow, where governments from around the world raised their ambitions for reducing greenhouse gas emissions.<\/p>\n<p>Ministers from the IEA\u2019s 31 Member Countries said the Ministerial Meeting marks \u201cthe launch of a new phase of the Agency\u201d, with a series of new mandates setting out its mission going forwards. \u201cIn addition to ensuring global energy security, the IEA has a new guiding principle: supporting countries in the global effort to attain net zero greenhouse gas emissions in the energy sector by mid-century,\u201d they said in\u00a0<a href=\"https:\/\/www.iea.org\/news\/2022-iea-ministerial-communique\" target=\"_blank\" rel=\"noopener noreferrer\">a joint communiqu\u00e9<\/a>. Achieving net zero emissions by mid-century would give the world an even chance of limiting the rise in global temperatures to 1.5 \u00b0C, which is a critical threshold for avoiding the worst effects of climate change.<\/p>\n<p>The new IEA mandates cover areas such as ensuring energy security during the energy transition and leading the global energy sector\u2019s fight against climate change, with a notable emphasis on expanding the IEA\u2019s work on the critical minerals needed for clean energy technologies.<\/p>\n<p>\u201cToday, IEA Member Countries and the European Commission banded together on actions to support Ukraine, stabilize the global energy market, and ultimately end our reliance on nations that weaponize fossil energy,\u201d Secretary Granholm. \u201cThe urgent need to accelerate the equitable transition to clean energy remains a top priority, and must be accelerated. I\u2019m honoured to work alongside this collection of the world\u2019s incredibly talented energy leaders. We are committed to a clean energy future that will create millions of good paying jobs, mitigate the destructive impacts climate change, and ensure a peaceful energy future.\u201d<\/p>\n<p>\u201cThe energy world is changing fast and needs to change faster still,\u201d said IEA Executive Director Fatih Birol. \u201cThe IEA is ready to support the twin goals of energy security and the clean energy transition, and I\u2019m 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.\u201d<\/p>\n<p>The Ministerial Meeting was the opportunity to welcome Lithuania as the IEA\u2019s 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.<\/p>\n<p>The IEA also received\u00a0<a href=\"https:\/\/www.iea.org\/news\/iea-gets-major-backing-from-member-countries-to-expand-work-on-clean-energy-transitions\" target=\"_blank\" rel=\"noopener noreferrer\">a significant funding boost<\/a>\u00a0from governments to enable it to significantly scale up its work supporting the transition to clean energy in emerging economies.<\/p>\n<p>Over the two days, ministers, business leaders, investors, civil society representatives and others discussed a range of crucial energy topics.<\/p>\n<p><a href=\"https:\/\/www.iea.org\/news\/addressing-barriers-hindering-progress-on-low-emissions-energy-technologies-is-key-to-meeting-climate-goals\" target=\"_blank\" rel=\"noopener noreferrer\">A special event<\/a>\u00a0was 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.<\/p>\n<p>\u201cAlong 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,\u201d said Angus Taylor, Australia\u2019s Minister for Industry, Energy and Emissions Reduction who was one of the Ministerial Meeting\u2019s three Vice-Chairs. \u201cAn acceleration in the deployment of low emissions technology will only be achieved by driving the costs of these technologies down.\u201d<\/p>\n<p>Ministers also underscored the importance of ensuring that\u00a0<a href=\"https:\/\/www.iea.org\/news\/ensuring-that-the-transformation-of-the-global-energy-sector-is-people-centred\" target=\"_blank\" rel=\"noopener noreferrer\">clean energy transition policies are people-centred<\/a>\u00a0and take into account issues of fairness and inclusion, noting the need to sustain clean energy jobs and equitable opportunities.<\/p>\n<p>\u201cWe have to create an accelerated clean energy transition \u2013 and it has to happen with the people at the centre to ensure sustainable green job growth,\u201d said Dan J\u00f8rgensen, Denmark\u2019s Minister for Climate, Energy and Utilities, who was also a Ministerial Vice-Chair. \u201cComing 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.\u201d<\/p>\n<p>Participants at the Ministerial also\u00a0<a href=\"https:\/\/www.iea.org\/news\/africa-faces-both-major-challenges-and-huge-opportunities-as-it-transitions-to-clean-energy\" target=\"_blank\" rel=\"noopener noreferrer\">paid particular attention<\/a>\u00a0to the challenges and opportunities facing Africa as the world increasingly shifts towards clean energy \u2013 and how international cooperation can support African countries in reaching their energy and climate goals.<\/p>\n<p>\u201cThe global transition to renewable energy puts Africa in the centre,\u201d said Tinne Van der Straeten, Belgium\u2019s Minister of Energy and a Vice-Chair of the Ministerial. \u201cThe African continent has vast potential for wind and solar technologies, allowing for the development of onshore and offshore wind farms, large scale solar parks and green hydrogen facilities. It is an opportunity for the entire continent while also supporting other countries\u2019 transition objectives.\u201d<\/p>\n<p>In response to Executive Director Birol\u2019s call for the IEA to be able to make its energy data freely available, the ministers requested a review of options that will enable this while offsetting the impacts on the Agency\u2019s budget. The bulk of the IEA\u2019s current data sales come from private companies and consultancies using it for commercial purposes. The revenue generated from these sales represents around 25 per cent of the IEA\u2019s core budget, reducing the need to call on member countries for additional funding.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>This article was published by the International Energy Agency on March 24, 2022. Global energy leaders met in Paris this week for the International Energy Agency\u2019s 2022 Ministerial Meeting, sending a strong message of unity <a class=\"mh-excerpt-more\" href=\"https:\/\/energi.media\/news\/global-energy-leaders-vow-to-strengthen-energy-security-accelerate-energy-transition-at-iea-ministerial-meeting\/\" title=\"Global energy leaders vow to strengthen energy security, accelerate energy transition at IEA Ministerial Meeting\">[Read more]<\/a><\/p>\n<\/div>","protected":false},"author":6,"featured_media":58240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"give_campaign_id":0,"footnotes":""},"categories":[1],"tags":[322,216,80,14,565],"class_list":{"0":"post-58239","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-business","9":"tag-energy-transition","10":"tag-environment","11":"tag-featured","12":"tag-iea"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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