by Myrna Velasco – November 20, 2015
from Manila Bulletin
The past few years are considerably the upswing of renewables, but the next phase is being assessed by global energy ministers as the ‘era of diversification’ – primarily factoring in the rising role of liquefied natural gas (LNG) in the global energy trade.
Post-Fukushima, nuclear energy is also brought back into the policy discussions as the world braces for low-carbon technologies in meeting each country’s energy needs.
In the Energy Ministers Meeting hosted by the International Energy Agency (IEA) in Paris ahead of the 21st Conference of the Parties (COP 21) on Climate Change, the global energy leaders have discussed the transitory phase that the sector must go through in keeping with the challenge of abating the impact of a warming atmosphere.
US Energy Secretary Ernest Moniz, who was this week’s session chair in the IEA-hosted Ministers’ Meeting, has outlined the action plans that the global energy leaders must act on to bring the sector into its new era.
Moniz similarly noted the “role of energy efficiency” in tandem with diversification play in enhancing energy security.”
The energy ministers have primarily noted their countries’ efforts “to place a price on carbon emissions.”
Fundamentally, they cited five key opportunities that countries “can adopt in the short run to advance the date by which global emissions peak – with special emphasis on energy efficiency, renewable energy, phasing out of inefficient fuel subsidies, phasing out of least-efficient coal-fired generation, and methane emissions reductions.”