“Our climate goals may well be another victim of Russia’s aggression,” says Fatih Birol, head of the International Energy Agency
President Biden is in Brussels today to discuss ways the United States can help Europe end its dependence on Russian energy. It’s a conversation that could lead to any number of outcomes for the global fight against climate change, analysts say.
United Nations Secretary-General António Guterres expressed similar concerns earlier this week, saying an “all-of-the-above” strategy by the world’s major economies to replace Russian oil, gas and coal might knee-cap policies to cut fossil fuel use. It also could lead to additional long-term costs for consumers who still will be dependent on an energy source that long has been vulnerable to price spikes, O’Boyle added.
“This is a time when the United States can show solidarity for Europe and help prompt the right sort of transition,” he said. He said the E.U. and the United States would work to create a practical road map toward achieving that goal and determine how the United States can contribute. Despite the push to increase production, stabilizing energy markets and acting to forestall climate catastrophe are not binary choices, she added.
“If we had solved this problem a decade ago, we wouldn’t have this vulnerability,” Sen. Sheldon Whitehouse said yesterday in a Senate Environment and Public Works Committee. “We’re hostages to the oil and gas industry, which is now telling us that the solution for the hostages is to buy more oil and gas.”
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