Russia’s Invasion of Ukraine Highlights Fossil Fuel Dependencies

Russia’s Invasion of Ukraine Highlights Fossil Fuel Dependenciesby Kostis Geropoulos*

Every part of the part of Paris Agreement must be followed properly, the Czech Republic’s Deputy Environment Minister Jan Dusik said in comments to NE Global following the conclusion of the COP27 summit in Sharm El-Sheikh, Egypt earlier this month. “We need to see how we can advance on the global goal of adaptation; how we can fulfil the financial requirements and how we can come up with an architecture for losses and damages,” he said

The 2021 COP summit in Glasgow, Scotland was considered a success, but Russia’s invasion of Ukraine has soured the overall mood of most governments in regard to climate talks.

“We’re hearing voices, some of them genuine, some of them may be on purpose, saying, ‘Europe is now looking at resolving its energy supply and the cost of energy, but it’s forgotten about climate action’. The urgency is just as it was before. We need to replace our energy resources and we might need to extend the use of coal and nuclear power plants in the short term, but this does not mean that Europe should veer away from its 2030 and 2050 targets. The current energy supply crisis cannot distract us from addressing climate action,” Dusik argued.

The European Union, the United States, Japan, Canada, Norway, Singapore and the United Kingdom signed a joint declaration on November 11 noting that they are committed to taking rapid action to address the dual climate and energy security crises that the world faces following Russia’s invasion of Ukraine.

Focus on Africa, Latin America

Africa is an important priority for Europe in the long term. Egypt made it very clear to this year’s summit organizers that they wanted this to be an Africa COP as the continent’s potential is enormous, not so much in terms of reducing emissions because they’re rather negligible for the most part, but they have a lot of potential in regards to forests and nature-based solutions. There is a clear link with biodiversity.

continue reading here:

https://www.neglobal.eu/climate-crisis-russias-aggression-in-ukraine-highlights-fossil-fuel-dependencies/

*Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

(neglobal.eu., November 17, 2022)

EVENTS 26th "Energy & Development 2022" 22nd World LNG

ADVISORY SERVICES Green Bonds

PUBLICATIONS South East Europe Energy Outlook 2021/2022 The Greek Energy Sector 2020 Long-Term Gas Contracting Terms, definitions, pricing - Therory and practice More

COOPERATING ORGANISATIONS IEA Energy Institute Energy Community Eurelectric Eurogas Energy Management Institute BBSPA AERS ROEC BPIE