The meeting comes as President Joe Biden prepares to huddle with NATO leaders to increase pressure on Moscow and maintain a unified front to confront Russia in its war against Ukraine. The Russian invasion has pushed up energy prices, particularly in Europe, as buyers of Russian oil and gas exports have scrambled to find new suppliers rather than relying on shipments that benefit the economy economically. Moscow.
Granholm said countries should work to find other reliable supplies of oil and gas now, even as they accelerate adoption of clean energy.
“The future of energy security, the future of economic security, the future of national security, the future of climate security – it’s all inextricably linked,” she said.
Details: Granholm’s remarks come as the European Union turns to the United States to help it reduce its dependence on Russian natural gas.
The Energy Secretary told reporters earlier this week that the United States is “exporting every molecule of liquefied natural gas that we can” to help European buyers of Russian fuel, but she stressed that the move to clean energy was the long-term solution to ensuring energy security.
On Wednesday, Granholm, who chairs the ministerial meeting, applauded a recent effort by the IEA to orchestrate a collective release of the nations’ strategic oil reserves. But she warned that more action may be needed.
“We have signaled that IEA members will act quickly to guard against energy disruptions and that we will not allow Vladimir Putin to separate our nations,” she said. “I congratulate you all on this important show of unity and ask that we are all ready to take further action if necessary.”
The Secretary also used her opening remarks to present a new Marshall Plan-style approach to clean and secure energy.
“I think it’s time for us to ask at this point in our history, what will be our version of the Marshall Plan for clean and secure energy in 2022 and beyond?” Granholm said.
The Secretary also acknowledged the need for Western countries to produce the essential minerals that the clean energy transition would require. She called on IEA members to “ensure we don’t trade one energy supply chain vulnerability for another.”
“We need to source materials responsibly,” she said. “We need to process them in a sustainable way and we need to minimize the carbon footprint for manufacturing, all on a scale sufficient to meet demand.”
IEA Executive Director Fatih Birol echoed Granholm’s comments in his own remarks at Wednesday’s meeting, while pointing to rising global emissions that exceed Paris agreement targets on the weather.
“It’s vital that governments ensure we keep the lights on, but that doesn’t mean we can stop our efforts to tackle climate change,” he said. “I am very worried that our climate goals are another victim of Russian aggression.”
Context: President Joe Biden is in Brussels this week, where he is expected to announce further actions in the context of Russia’s invasion of Ukraine, including “joint action on European energy security and reducing dependence on Europe to Russian gas,” national security adviser Jake Sullivan told reporters on Tuesday. .
For her part, Granholm has spent weeks asking the U.S. oil industry to increase fuel production to offset the global energy supply shock, and she has previously distinguished between the immediate need to offset prices and the Biden administration’s goal of switching from fossil fuels to clean energy.