by Myrna Velasco November
22, 2015
The past few years
are considerably the upswing of renewables, but the next phase is being
assessed by global energy ministers as the ‘era of diversification’ – primarily
factoring in the rising role of liquefied natural gas (LNG) in the global
energy trade.
Post-Fukushima,
nuclear energy is also brought back into the policy discussions as the world
braces for low-carbon technologies in meeting each country’s energy needs.
In the Energy Ministers Meeting hosted by the International Energy Agency (IEA)
in Paris ahead of the 21st Conference of the Parties (COP 21) on Climate
Change, the global energy leaders have discussed the transitory phase that the
sector must go through in keeping with the challenge of abating the impact of a
warming atmosphere.
US Energy Secretary
Ernest Moniz, who was this week’s session chair in the IEA-hosted Ministers’
Meeting, has outlined the action plans that the global energy leaders must act
on to bring the sector into its new era.
In particular, the
energy leaders set emphasis on “diversification of supply and the safe and
sustainable development of energy resources, new transit routes, renewable
energy, low carbon technologies including nuclear energy,” as long as it is in
accordance with national policies and circumstances.
Moniz similarly noted
the “role of energy efficiency” in tandem with diversification play in
enhancing energy security.”
The global energy
leaders have similarly crafted the Ministerial Statement on Energy and Climate
Change that they will lodge to the Paris’ COP 21 global climate diplomacy talks
in the next two weeks.
The energy ministers
have primarily noted their countries’ efforts “to place a price on carbon
emissions.”
In the statement,
they have fundamentally tackled “the close relationship between energy and
climate change, and it highlights the need to promote policies and innovation
that can facilitate a global transition to a clean energy economy.”
Fundamentally, they
cited five key opportunities that countries “can adopt in the short run to
advance the date by which global emissions peak – with special emphasis on
energy efficiency, renewable energy, phasing out of inefficient fuel subsidies,
phasing out of least-efficient coal-fired generation, and methane emissions
reductions.”
Further, the
ministers have stressed “the importance of taking regular further steps that
build ever-increasing ambition, the importance of good statistics as well as
the innovation and deployment of clean energy technologies.”
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