UK: IEA To Convene Major International Energy Security Summit In London

The International Energy Agency (IEA) is set to convene a major international energy security summit in London, scheduled for April 24-25, 2025 .

The summit aims to assess the existing and future risks facing the global energy system and prioritize solutions to address them.

The IEA has been at the forefront of international energy security for 50 years, helping to avoid, mitigate, and manage energy supply disruptions and crises. Recent efforts include releasing emergency oil stocks and developing a 10-point plan to reduce Europe’s reliance on Russian natural gas following the invasion of Ukraine.

The summit will bring together global leaders and decision-makers to ensure a coordinated approach to addressing energy security challenges.

It will also examine the geopolitical, technological and economic factors affecting energy security at the national and international level. It will provide global decision makers and key actors with an opportunity to review the trends redefining global energy security.

These include changes in energy demand, supply and trade; the adoption of clean and efficient energy solutions; the availability of the minerals and metals required for clean energy technologies – from wind turbines and solar panels to electric vehicles and battery storage; and the allocation of investment during the transition away from fossil fuels.

“The global energy crisis delivered a sobering reminder to countries around the world on the importance of energy security and its implications for our economies,” said IEA Executive Director Fatih Birol.

“From its founding 50 years ago, the IEA has been a leader in safeguarding energy security and anticipating emerging risks. As the nature of energy security evolves amid looming threats, the IEA will continue to do all it can to ensure uninterrupted access to energy at affordable prices while honouring global climate commitments. I’m grateful to the UK government – under the leadership of Prime Minister Keir Starmer and Secretary of State Ed Miliband – for hosting this Summit, which will bring together leaders and decision- makers from around the world to ensure that we are taking the right actions today for stronger energy security tomorrow.”

UK Energy Secretary Ed Miliband said: “In an unstable world, the only way to guarantee our energy security and protect against volatile energy price spikes is to speed up the transition away from fossil fuels to clean, homegrown energy. Since the Russian invasion of Ukraine global energy security has become more important than ever. I am determined that the UK takes a global lead on clean energy and I look forward to working closely with the IEA as we host this crucial Future of Energy Security summit next year.

Together we can mobilise international action for cheap, clean, secure energy as we drive forward the global energy transition.”

Source:https://energynewsafrica.com