-
Barred from elections, Russia's anti-war party vows to fight on
-
Caught between great powers: the cautionary tale of Manus
-
Jaissle states Newcastle ambition but urges patience
-
Heatwave hits evicted families sleeping rough in Rome
-
NBA star Cooper Flagg trading card a slam dunk for lucky buyer
-
US company stokes Greenland tensions by unloading drilling gear
-
ForumPay Expands Payment Infrastructure with New Card and Bank Transfer Acceptance Solution
-
Cambridge academic in plagiarism row publishes memoir
-
Oil prices higher, stocks flat ahead of inflation report
-
LeBron's Sixers hope to spoil Knicks party on NBA opening night
-
Orban-critic ex-judge becomes Hungary president after predecessor ouster
-
UK 'on course' to record warmest summer for second year in a row
-
US rights groups sue Trump over ICC sanctions
-
Spotify to launch badge identifying AI music
-
Sphere 3D Corp. (Nasdaq: ANY) Attracts 6.5% Stake from Turnaround Bitcoin-Mining Investor
-
New plastic treaty document criticised for weaker ambition
-
Oil prices lower, stocks higher as Hormuz doubts drag on
-
Hungary parliament approves Orban-critic judge as president
-
Colombia scrambles to find survivors as quake kills 181
-
Ebola outbreak in DR Congo kills more than 2,000
-
Colombia scrambles to find survivors as quake kills 169
-
ChargeAfter Powers BYLD Finance Expansion into Consumer Financing for Equipment Retailers
-
MEXC Report: 74.2% of Traditional Finance Users Have Shifted Their Trading Activity to Crypto Exchanges
-
MEXC Upgrades RealStocks With Three New Features to Enhance U.S. Stock Trading Experience
-
MEXC Lists DAPPOS (DOS) With $60,000 Worth of DOS and 10,000 USDT in Airdrop+ Rewards
-
Israel demolishes home of slain Palestinian involved in deadly West Bank clash
-
Jellyfish force shutdown of three reactors at French nuclear plant
-
Liverpool fans seek clarity on Bezos bid to buy stake
-
Hodgkinson, Werro sail through Euro 800m qualifying
-
Solar eclipse sparks scramble for protective glasses across Europe
-
Somali referee denied World Cup 'proud' to oversee UEFA Super Cup
-
Oil prices jump as US-Iran deal hopes falter
-
French newspapers target Google over AI summaries
-
Newly crowned world's best pastry chef stays true to artisan roots
-
Ebola death toll in DR Congo outbreak rises to more than 2,000
-
Johnson signs for Everton in McNeil swap deal
-
PrimeXBT Launches MT5 Cent Account for Beginners and Risk-Conscious Traders
-
Syria sentences Bashar al-Assad to death in absentia over atrocities
-
British sprinter Hunt chasing three more golds after winning 100m
-
Hong Kong's tech index plans expansion with AI and robotics themes
-
Ethiopia's Tigray rebel authorities condemn army drone strikes
-
The Infantino saga -- What they said
-
Too hot to live? French buyers rethink housing choices after heatwaves
-
Economic losses from natural disasters fall to $100 bn in first half of 2026: Swiss Re
-
Ukraine says Russia fired N. Korean missiles in deadly attack
-
Colombia scrambles to find survivors as quake kills 132
-
Oil prices jump further as hopes for Hormuz deal fade
-
Singapore says AI-related demand lifting economy
-
Trump says would be 'terrible mistake' to oust embattled Infantino
-
Demeter Tactical Investments (ME) Limited bolsters governance with two board appointments
Renewables key to buffer fossil fuel energy shock: COP31 co-hosts
COP31 co-hosts Australia and Turkey said Tuesday that a major energy crisis ignited by the Middle East war underscored the urgency of reducing fossil fuel dependency and investing in renewable alternatives.
The energy shock rippling through the global economy loomed over the Petersberg Climate Dialogue in Berlin, where dozens of ministers are meeting to discuss the agenda for COP31 in November.
Global energy prices have soared since Iran effectively closed the Strait of Hormuz, a vital transit point for Gulf oil and gas shipments, in retaliation for US-Israeli attacks that began on February 28.
In the scramble for energy security, some governments have looked to fossil fuels in the short term to plug supply gaps or delayed coal phaseout plans, raising concerns about climate commitments.
Incoming COP31 president and Turkish Climate Minister Murat Kurum said the crisis "has shown us, once again, that fossil fuels do not guarantee energy supply security".
"Investment in alternative energy sources, in particular to support energy diversity, means stability, resilience and clean development. This is what we must all pursue," Kurum said through a translator.
Speaking later at a press conference, Kurum said: "We know that relying solely on fossil fuels means walking towards volatility, insecurity and climate collapse".
- Hostage economies -
Australia's Climate Minister Chris Bowen, who is steering the COP31 negotiations, said: "This is a fossil fuel crisis that the world is facing, and doubling down on more reliance on fossil fuels is not the answer to that crisis."
"Renewable energy cannot be interrupted by a war. Wind cannot be subject to a sanction," Bowen told reporters via video link after cancelling his trip to Berlin over the fuel crisis in Australia.
UN Secretary General Antonio Guterres told ministers at Petersberg that the energy crisis "makes one fact crystal clear: fossil fuels are not just wrecking our planet, they are holding economies hostage."
Roughly twice as much investment goes into clean energy as fossil fuels, which are the primary driver of human-caused climate change.
But heat-trapping emissions from burning coal, oil and gas rose again in 2025 to a record high.
Nearly 200 countries agreed at COP28 in 2023 to transition away from fossil fuels, but efforts to turn that pledge into action have faced strong resistance since.
Tensions boiled over at COP30 in Brazil in November when nations could not even agree to include an explicit reference to fossil fuels in the final deal, angering many countries.
- Fossil phaseout -
It remains to be seen if the contentious issue will be concretely addressed at COP31. Australia is a major producer of fossil fuels and Turkey is heavily reliant on coal for energy.
Kurum said the world was phasing out fossil fuels, but each country was making the transition to clean energy according to their respective economic needs and capabilities.
The Petersberg talks come just days before dozens of countries attend the first-ever international conference dedicated to phasing out fossil fuels in the Colombian city of Santa Marta.
The European Union, Canada, the UK and Norway are among those attending along with major emerging economies like Brazil and Angola, and smaller developing states.
Australia and Turkey are also expected at the much-anticipated event, which was born out of frustration with the COP negotiations, which take decisions by consensus and are criticised for moving too slowly.
Some observers have expressed reservations about how the co-hosting arrangement between Turkey and Australia may work.
Both countries wanted to hold COP31 but a compromise was reached where the summit would be held in the Mediterranean city of Antalya with Bowen presiding over the all-important negotiations.
W.Moreno--AT