Friday

9th Jun 2023

Opinion

EU-US energy council should act as model for others

President Barack Obama will travel to Copenhagen on 9 December to support the United Nations climate change conference, where he is eager to work with the international community to lay the foundation for a new, sustainable and prosperous clean energy future.

Copenhagen presents a critical opportunity to take decisive and immediate global action, to build the institutions that we will need to combat climate change and to speed the transition to a low-carbon global economy. Agreement on – and implementation of - a climate deal at Copenhagen is critical, but will be weakened without effective corresponding energy policies.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

  • 'Energy is the prime nutrient that powers the global economy' (Photo: Wikipedia)

The right kinds of energy and their distribution across the globe will determine whether the international economy can maintain production levels while meeting the climate change goals set out in Copenhagen.

Energy is the prime nutrient that powers the global economy. It is the common thread that connects many of today's global challenges, from rebuilding the global economy and combating climate change to forging new partnerships around the world. To ultimately be successful in combating climate change, we need a plan for clean, secure, and abundant energy not only for us for but for our friends around the world.

For these reasons, last month, President Obama, Swedish Prime Minister Reinfeldt, and President Barroso of the European Commission announced a new partnership that will help the United States and the European Union work together to meet our energy-related challenges: the US-EU Energy Council.

The Council will help drive diversification of energy sources, such as increased use of liquefied natural gas, solar and wind power and biofuels. It will facilitate cooperation in technical areas, such as energy efficiency and clean energy technology. And it will help us coordinate our approaches with other energy producers and consumers to increase sources of supply, diversify routes, strengthen energy markets in today's financial crisis and increase transparency.

The new Council will help us address four major trends that will likely shape energy policy in the coming years: rising energy demand, increasingly interdependent markets, a growing imperative for global co-operation to reorient away from fossil fuels, and a clearer understanding that energy and climate change policy are inseparable.

First, despite the current decrease in global energy demand, increased demand over the medium term will likely result in increased reliance on fossil energy resources, with its accompanying environmental challenges. Unless we act now with fortified partnerships, these challenges will move ahead with increased demand for fossil fuels.

Second, global energy markets are interdependent. Disruptions in one market can have adverse impacts in distant places. In this global economy, countries and companies must realize that we can no longer afford "zero-sum games." Clean energy and environmentally sustainable production are critical – as is maintaining global supply. A disruption of gas to Europe – apart from potentially severe humanitarian consequences – will have a direct effect on the supply and price of liquefied natural gas on a global basis. Instability of countries affected by climate change or by political volatility can also have dramatic effects.

Third, to ultimately reduce dependence on fossil fuels countries must work together to promote the development and commercialisation of alternative technologies and renewable energy, as well as improve energy efficiency and conservation. The brightest and most creative thinkers should be directed at this vital challenge.

The time is now to work with the European Union and other global partners and take authentic, concrete and quantifiable actions to exchange commercial ideas and address energy security challenges. Our partnerships must be standard bearers bringing about global co-operation and ultimately reduce dependence on fossil fuels. We must be leaders in promoting efficiency and developing alternative energy technologies. Together, we must pursue hydrogen and solar, wind, biomass, and geothermal energy.

One of the principal sources of alternative energy is via improved energy efficiency. Given that the largest sources of C02 are in the exceedingly inefficient thermal electricity and transportation sectors, there is a great deal of room for joint, international victories with the EU and Asia.

We are already engaging with other major energy players, such as Russia through the US-Russia Bilateral Presidential Commission Energy Working Group. We will work together in technical areas, such as energy efficiency and clean energy technology. And we will discuss new investment opportunities in both countries, while at the same time encouraging diversified supply routes. By deepening the US-Russia dialogue on energy, we will increase transparency and promote stability and predictability in our relationship. While we may not agree on every issue, we can work together to foster an open dialogue that builds trust.

Fourth, our understanding of energy challenges must include environmentally suitable sources of supply that are compatible with

climate change objectives that will be outlined in Copenhagen. Addressing energy security and meeting the climate change challenge are inextricably linked. Since President Obama took office, the United States has demonstrated its renewed commitment to combating climate change both by supporting domestic policies that advance clean energy, climate security, and economic recovery; and by vigorously re-engaging in international climate negotiations.

Domestically, the American Recovery and Reinvestment Act included over $80 billion for clean energy investment. President Obama set a new policy to increase fuel economy and reduce greenhouse gas pollution for all new cars and trucks. And the administration supports mandatory emissions reduction targets. On the international front, the United States is working with its partners around the world to forge a strong international agreement through the United Nations Framework Convention on Climate Change negotiating process.

Global issues need global solutions and we can not go at this alone. A secure energy future is fostered by building relations internationally through many cross-cutting issues that will determine peace, prosperity and quality of life, not only for Americans, but for the world.

Richard Morningstar is the US' Special Envoy for Eurasian Energy. Julia Nesheiwat is a Senior Advisor at the US Department of State

Disclaimer

The views expressed in this opinion piece are the author's, not those of EUobserver.

Letter

Right of Reply from the Hungarian government

Authors Samira Rafaela MEP and Tom Theuns present as facts the extreme views of a politically-motivated campaign in the European Parliament. By doing so, they undermine the very foundations of the European Union.

Column

In 2024, Europe's voters need to pick a better crop of MEPs

At 2024's European Parliament elections, the stakes will be very high. A lot has happened in the last four years. In 2019, there was no pandemic, no war in Europe and no johnny-come-lately countries demanding a seat at the table.

Letter

Right of Reply from the Hungarian government

Authors Samira Rafaela MEP and Tom Theuns present as facts the extreme views of a politically-motivated campaign in the European Parliament. By doing so, they undermine the very foundations of the European Union.

Latest News

  1. EU's proposed ethics body 'toothless', say campaigners
  2. Study: 90% of Spanish inflation 'driven by corporate profits'
  3. If Spanish economy is doing well, why is Sanchez poised to lose?
  4. EU lawyering for Russia: making 'good' money?
  5. The 'BlackRock exemption' has no place in the EU's due diligence directive
  6. Europeans don't see China as a rival, but weapons to Russia is a red line
  7. Cleaning workers urge Parliament: 'Europe should lead by example'
  8. Final push for EU-Mercosur deal, amid deforestation fears

Stakeholders' Highlights

  1. Nordic Council of Ministers20 June: Launch of the new Nordic Nutrition Recommendations
  2. International Sustainable Finance CentreJoin CEE Sustainable Finance Summit, 15 – 19 May 2023, high-level event for finance & business
  3. ICLEISeven actionable measures to make food procurement in Europe more sustainable
  4. World BankWorld Bank Report Highlights Role of Human Development for a Successful Green Transition in Europe
  5. Nordic Council of MinistersNordic summit to step up the fight against food loss and waste
  6. Nordic Council of MinistersThink-tank: Strengthen co-operation around tech giants’ influence in the Nordics

Stakeholders' Highlights

  1. EFBWWEFBWW calls for the EC to stop exploitation in subcontracting chains
  2. InformaConnecting Expert Industry-Leaders, Top Suppliers, and Inquiring Buyers all in one space - visit Battery Show Europe.
  3. EFBWWEFBWW and FIEC do not agree to any exemptions to mandatory prior notifications in construction
  4. Nordic Council of MinistersNordic and Baltic ways to prevent gender-based violence
  5. Nordic Council of MinistersCSW67: Economic gender equality now! Nordic ways to close the pension gap
  6. Nordic Council of MinistersCSW67: Pushing back the push-back - Nordic solutions to online gender-based violence

Join EUobserver

Support quality EU news

Join us