Leaders from around the world, including the President of the EU Commission Ursula von der Leyen, will come together today to address the global challenges and opportunities of speeding up the clean energy transition.
Some 60 governments from countries around the world – the large majority at Minister or equivalent level – will take part in the international Summit on the Future of Energy Security, which is being hosted by the International Energy Agency in partnership with the UK government on 24-25 April.
The United States will only be represented by acting deputy secretaries of state, while China, Saudi Arabia and Russia are skipping the event altogether.
Leaders from all across the energy sector – including oil, gas, renewables, electricity, nuclear, critical minerals and more – as well as from international organisations and civil society, will also take part in the discussions in and around the Summit, which will seek to build consensus on a holistic approach to energy security and ensure governments have the tools they need to prevent and respond to the range of challenges confronting them in a fast-evolving context.
The Organization of the Petroleum Exporting Countries (OPEC) has welcomed the meeting.
"The overall theme is one that OPEC supports. It is positive to see the IEA refocusing on energy security after veering away from this fundamental goal," the group said on Wednesday.
"Many net zero policies have endorsed unrealistic timelines or had little regard for energy security, affordability or feasibility," said OPEC, which has previously described the phasing out of fossil fuels as a "fantasy".
OPEC, whose membership is dominated by oil-producing Gulf states, believes that energy security must be achieved by adding renewable energy sources to existing fossil fuels, not by replacing them.
European countries believe, however, that nuclear energy and renewables are the best way to avoid dependence on imported oil and gas.
UK Prime Minister brings forward £300 million for Great British Energy, the country’s publicly-owned clean energy company, to invest in offshore wind supply chains ahead of the Future of Energy Security summit. This includes investing in new supply chains for offshore wind manufacturing components such as floating offshore platforms and cables.
It is expected that the investment will directly and indirectly mobilise billions in additional private investment - helping de-risk clean energy projects and supporting thousands of jobs and revitalising the UK’s industrial heartlands.
The public investment complements the £43 billion of private investment pledged for clean energy projects since July.
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