The Fort Worth Press - Mideast war lights fire under energy transition plans

USD -
AED 3.672498
AFN 63.999618
ALL 81.240329
AMD 371.469383
ANG 1.789884
AOA 918.000389
ARS 1376.702199
AUD 1.395712
AWG 1.8
AZN 1.702679
BAM 1.662897
BBD 2.014046
BDT 122.697978
BGN 1.668102
BHD 0.37716
BIF 2973.540565
BMD 1
BND 1.271532
BOB 6.909892
BRL 4.961097
BSD 0.999966
BTN 93.449759
BWP 13.406567
BYN 2.836397
BYR 19600
BZD 2.011155
CAD 1.36565
CDF 2310.999663
CHF 0.77951
CLF 0.022419
CLP 882.360022
CNY 6.81775
CNH 6.815815
COP 3579.99
CRC 454.877821
CUC 1
CUP 26.5
CVE 93.751594
CZK 20.652101
DJF 178.065536
DKK 6.35136
DOP 60.179911
DZD 132.166501
EGP 51.780103
ERN 15
ETB 156.136599
EUR 0.8499
FJD 2.19595
FKP 0.738541
GBP 0.739705
GEL 2.685019
GGP 0.738541
GHS 11.054806
GIP 0.738541
GMD 72.999878
GNF 8776.166103
GTQ 7.642798
GYD 209.209788
HKD 7.830445
HNL 26.569116
HRK 6.402401
HTG 130.945296
HUF 307.780977
IDR 17128.65
ILS 2.99155
IMP 0.738541
INR 93.504983
IQD 1309.9631
IRR 1323000.000066
ISK 121.719698
JEP 0.738541
JMD 158.408013
JOD 0.709011
JPY 159.043498
KES 129.119879
KGS 87.448498
KHR 3997.823388
KMF 418.000242
KPW 899.985395
KRW 1469.830021
KWD 0.30795
KYD 0.833319
KZT 464.315473
LAK 22061.999422
LBP 89546.992705
LKR 316.535446
LRD 183.991702
LSL 16.361573
LTL 2.95274
LVL 0.60489
LYD 6.330879
MAD 9.240907
MDL 17.199483
MGA 4139.813288
MKD 52.38848
MMK 2099.934769
MNT 3577.136566
MOP 8.065706
MRU 39.669597
MUR 46.370073
MVR 15.449837
MWK 1733.977248
MXN 17.30815
MYR 3.951003
MZN 63.954978
NAD 16.361573
NGN 1346.360114
NIO 36.79834
NOK 9.32075
NPR 149.519615
NZD 1.691835
OMR 0.384502
PAB 0.999966
PEN 3.43471
PGK 4.337069
PHP 59.833997
PKR 278.815532
PLN 3.594396
PYG 6358.936861
QAR 3.645484
RON 4.333031
RSD 99.773009
RUB 74.947415
RWF 1461.220603
SAR 3.750722
SBD 8.038715
SCR 13.485285
SDG 601.000005
SEK 9.13553
SGD 1.27143
SHP 0.746601
SLE 24.649448
SLL 20969.496166
SOS 571.445576
SRD 37.44898
STD 20697.981008
STN 20.830853
SVC 8.749809
SYP 110.541984
SZL 16.367099
THB 32.048965
TJS 9.399646
TMT 3.505
TND 2.908072
TOP 2.40776
TRY 44.894496
TTD 6.780655
TWD 31.435802
TZS 2610.00022
UAH 44.115922
UGX 3704.490962
UYU 39.757172
UZS 12059.788801
VES 480.63111
VND 26330
VUV 118.060694
WST 2.715967
XAF 557.720169
XAG 0.012626
XAU 0.000209
XCD 2.70255
XCG 1.802166
XDR 0.692365
XOF 557.720169
XPF 101.399493
YER 238.650332
ZAR 16.369403
ZMK 9001.202571
ZMW 19.024096
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    0.0000

    22.69

    0%

  • RYCEF

    -1.1900

    16.01

    -7.43%

  • RELX

    0.7600

    37.5

    +2.03%

  • VOD

    -0.4000

    15.25

    -2.62%

  • BTI

    -1.3400

    55.72

    -2.4%

  • NGG

    -1.0500

    84.97

    -1.24%

  • GSK

    -1.1250

    56.225

    -2%

  • AZN

    -4.0400

    196.65

    -2.05%

  • RIO

    -1.4000

    98.43

    -1.42%

  • BP

    0.5100

    45.63

    +1.12%

  • JRI

    -0.0800

    13.05

    -0.61%

  • CMSD

    0.0350

    23.12

    +0.15%

  • BCC

    -0.9400

    83.03

    -1.13%

  • BCE

    0.0500

    24

    +0.21%

Mideast war lights fire under energy transition plans
Mideast war lights fire under energy transition plans / Photo: © CN-STR/AFP

Mideast war lights fire under energy transition plans

Painful surges in oil prices are spurring countries to quickly rethink how to reduce dependence on fossil fuels, as shortage risks from war in the Middle East grow greater by the day.

Text size:

Britain's government on Tuesday was the latest to unveil its plans, vowing to "massively expand renewables" as a way of bolstering energy security while denting the impact of higher electricity and petrol costs.

Around 60 governments worldwide have announced strategic responses or reviews since US and Israeli forces began striking Iran on February 28, according to Carbon Brief, a specialised news site.

Using data from the International Energy Agency, Carbon Brief found many countries promising short-term relief such as cuts on fuel taxes or warning of rationing of fossil fuels.

But others have responded with plans to accelerate their green energy transitions toward low-carbon sources.

- France -

France announced on April 10 a range of measures to speed up the electrification of construction, transport and other industries, to reduce the share of fossil fuels in the country's energy mix to just 29 percent by 2035 from 60 percent today.

Electric vehicles should make up two out of every three new car sales by 2030, Prime Minister Sebastien Lecornu said.

The government is also providing aid to spur the installation of one million heat pumps a year, reducing reliance on imported natural gas.

- EU -

EU Commission President Ursula von der Leyen has promised to propel the continent's electrification with announces planned for April 22.

- Sweden -

Sweden's environment minister announced on April 7 that "electrification is the future" to protect citizens from surging oil and natural gas prices.

The two key measures were increased aid for using renewable energies by government employees and household subsidies for EV purchases.

- China -

President Xi Jingping promised this month that "A greener, more diversified and resilient new energy system will provide a strong guarantee for China's energy security and economic development," state-controlled CCTV said.

- Philippines

Energy Secretary Sharon Garin said in late March that "amid the Middle East conflict, accelerating the development of renewable energy and storage is both a strategic necessity and a national imperative".

The archipelago nation relies on coal for about 60 percent of its electricity generation, and President Ferdinand Marcos has declared a "national energy emergency" due to risks to the domestic fuel supply.

- Japan -

Even as it authorised more burning of coal for power plants in response to soaring oil prices, Japan's government reiterated plans to "maximise the use of both renewable energy and nuclear power" to ensure its economic growth.

It announced on March 20 a $40 billion project with Washington to build next-generation small nuclear power plants in Tennessee and Alabama, which could expand Japan's own network of nuclear plants.

- India -

After cutting fuel taxes in late March to soften the blow at petrol stations, the Indian government said it would speed up permit grants for wind turbine and battery electricity storage projects.

- Cambodia -

Cambodia, which imports all its consumer fuel, announced in late March it was cutting import tariffs from 35 percent to zero on electric vehicles, electric kitchen stoves, and solar energy.

It also cut tariffs on rechargeable hybrid vehicles to just seven percent from 35 percent.

- Barbados -

The Caribbean island's government unveiled in early March a $81 million plan to shift away from fossil fuels with heavy investments in renewable sources, in particular wind farms.

The goal is also to reinforce energy stockage capacities.

- Kenya -

President William Ruto announced in late March a plan to triple electricity production in the next five to seven years, with nuclear energy accounting for just under a third of the country's needs.

"We have made a deliberate and strategic decision to significantly expand our energy capacity," Ruto said.

T.M.Dan--TFWP