The Japan Times - Biden calls clean energy matter of national security

EUR -
AED 4.275666
AFN 72.780078
ALL 95.393423
AMD 429.347931
ANG 2.084524
AOA 1068.77153
ARS 1620.253509
AUD 1.625238
AWG 2.098541
AZN 1.984819
BAM 1.945073
BBD 2.355668
BDT 142.941072
BGN 1.944186
BHD 0.441107
BIF 3482.169409
BMD 1.164239
BND 1.489262
BOB 8.04652
BRL 5.803154
BSD 1.169593
BTN 111.575271
BWP 16.473595
BYN 3.267649
BYR 22819.089661
BZD 2.352272
CAD 1.599973
CDF 2613.717122
CHF 0.914685
CLF 0.026445
CLP 1040.80664
CNY 7.89948
CNH 7.920558
COP 4412.14084
CRC 531.506181
CUC 1.164239
CUP 30.852341
CVE 110.254109
CZK 24.340693
DJF 208.267316
DKK 7.472717
DOP 69.32255
DZD 154.199775
EGP 61.562181
ERN 17.463589
ETB 182.618572
FJD 2.562782
FKP 0.861177
GBP 0.871815
GEL 3.119842
GGP 0.861177
GHS 13.284307
GIP 0.861177
GMD 84.405421
GNF 10255.542125
GTQ 8.884005
GYD 243.613344
HKD 9.117059
HNL 31.104249
HRK 7.535885
HTG 153.1556
HUF 360.049724
IDR 20490.960396
ILS 3.390244
IMP 0.861177
INR 111.70585
IQD 1525.153442
IRR 1530974.638351
ISK 143.609052
JEP 0.861177
JMD 184.923397
JOD 0.825483
JPY 184.673373
KES 150.361612
KGS 101.812374
KHR 4692.656422
KMF 491.309356
KPW 1047.781183
KRW 1751.050907
KWD 0.359145
KYD 0.970444
KZT 551.207745
LAK 25560.873628
LBP 104243.676363
LKR 378.751203
LRD 213.347445
LSL 19.198119
LTL 3.437696
LVL 0.704237
LYD 7.423706
MAD 10.721188
MDL 20.104538
MGA 4898.527183
MKD 61.672507
MMK 2444.745362
MNT 4168.128186
MOP 9.394668
MRU 46.736784
MUR 54.917397
MVR 17.944448
MWK 2027.634651
MXN 20.161306
MYR 4.596998
MZN 74.406853
NAD 19.198325
NGN 1594.646111
NIO 43.041912
NOK 10.827949
NPR 179.30867
NZD 1.984792
OMR 0.447642
PAB 1.164453
PEN 4.013105
PGK 4.904914
PHP 71.866127
PKR 325.754055
PLN 4.248618
PYG 7127.037408
QAR 4.244236
RON 5.203912
RSD 117.383959
RUB 85.278713
RWF 1710.688755
SAR 4.370727
SBD 9.332701
SCR 16.996581
SDG 699.134444
SEK 10.976739
SGD 1.488888
SHP 0.869222
SLE 28.699004
SLL 24413.51779
SOS 668.453179
SRD 43.317866
STD 24097.402267
STN 24.472658
SVC 10.188548
SYP 128.681891
SZL 19.184566
THB 37.919857
TJS 10.881648
TMT 4.074837
TND 3.362315
TOP 2.803209
TRY 53.024515
TTD 7.906194
TWD 36.762016
TZS 3029.942739
UAH 51.417255
UGX 4354.870851
USD 1.164239
UYU 46.37306
UZS 14023.261923
VES 593.935283
VND 30689.347116
VUV 137.470647
WST 3.153367
XAF 655.224958
XAG 0.014894
XAU 0.000255
XCD 3.146415
XCG 2.098617
XDR 0.81489
XOF 655.224958
XPF 119.331742
YER 277.845635
ZAR 19.360723
ZMK 10479.556608
ZMW 22.017401
ZWL 374.884569
  • RBGPF

    0.8900

    61.68

    +1.44%

  • GSK

    -0.0300

    50.96

    -0.06%

  • BP

    -0.0200

    44.12

    -0.05%

  • BTI

    1.3500

    66.7

    +2.02%

  • BCE

    -0.2000

    24.19

    -0.83%

  • CMSC

    0.0898

    23.14

    +0.39%

  • RIO

    -2.4500

    109.59

    -2.24%

  • NGG

    0.4500

    87.43

    +0.51%

  • RELX

    -0.1600

    31.46

    -0.51%

  • CMSD

    0.0400

    23.6

    +0.17%

  • RYCEF

    -0.1300

    15.9

    -0.82%

  • JRI

    0.0100

    13.14

    +0.08%

  • AZN

    -2.7600

    184.96

    -1.49%

  • BCC

    2.4200

    69.4

    +3.49%

  • VOD

    -0.0300

    15.48

    -0.19%

Biden calls clean energy matter of national security
Biden calls clean energy matter of national security / Photo: MANDEL NGAN - AFP

Biden calls clean energy matter of national security

US President Joe Biden told a climate conference for major economies Friday that Russia's war in Ukraine shows the shift to renewable energy is a matter of national security as well as key to preventing global warming.

Text size:

"Russia's brutal and unprovoked assault on its neighbor Ukraine has fueled a global energy crisis and sharpened the need to achieve longterm reliable energy security and security," Biden told the virtual summit hosted from the White House. "The good news is that climate security and energy security go hand in hand."

This was Biden's third convening of the Major Economies Forum on Energy and Climate since he took office in 2021 with a vow to make the United States a leader in the world's attempt to halt catastrophic global warming.

But it comes just as Biden faces public anger over soaring fuel prices linked to fallout from Russia's invasion of Ukraine. At the same time, European countries are struggling to find ways to circumvent dependence on Russian oil and gas imports.

In his speech, UN Secretary General Antonio Guterres delivered a blistering attack on the oil and gas industry, accusing it of mirroring tobacco companies' tactics to push a "false narrative to minimize their responsibility for climate change."

"Nothing could be more clear or present than the danger of fossil fuel expansion. Even in the short-term, fossil fuels don’t make political or economic sense. Yet we seem trapped in a world where fossil fuel producers and financiers have humanity by the throat," he said.

However, the UN chief's message ran counter to the political realities facing Biden as he tries to persuade the domestic oil industry to amp up production and prepares for a visit to Saudi Arabia next month.

Americans are currently paying an average of $5 a gallon to fill their cars, up from $3 a year ago, and the hike is in turn fueling wider inflation, now at a 40-year high.

- India, Russia absent -

A senior Biden administration official said 23 countries were represented at the video conference, representing most of the world's major economies and "focused around the mitigation that they will be taking" on climate impacts.

At a previous session in September 2021, Biden and the European Union announced a pledge to cut emissions of methane, a planet-warming gas. This was formally launched at the COP26 UN climate summit in Glasgow and now has 115 countries signed on.

Friday's gathering was the largest leader-level gathering before COP27, the follow-up summit, set to take place in Egypt this November.

But highlighting diplomatic complications besetting the search for international cooperation on the global climate threat, Russia did not attend Friday's summit.

China was represented only at the level of its climate envoy, rather than President Xi Jinping, the White House said. And India was not on the official list of attendees, either.

- Methane opportunity -

Warning that the world must not let global climate change mitigation goals “slip out of our reach,” Biden said “the window for action is rapidly narrowing.”

Despite the scramble to adapt global energy markets to fallout from the Ukraine war, Biden insisted that longterm climate management, immediate economic goals and ending reliance on energy exporter Russia can all work together.

He cited the global pledge to end methane gas leaks and the practice of burning off, or flaring, unwanted gas at oil fields, calling on countries to "ramp up" their responses.

European economies are heavily reliant on Russian energy, but Biden said an end to methane waste alone could solve that problem.

"Each year our existing energy system leaks enough methane to meet the needs for the entire European power sector. We flare enough gas to offset nearly all of the EU’s gas imports from Russia," he said.

"So by stopping the leaking and flaring of this super-potent greenhouse gas and capturing this resource for countries that need it we’re addressing two problems at once."

S.Suzuki--JT