Energy Security

Several natural gas projects are under development in South Africa as the country seeks to ease energy shortages and reduce its dependence on coal, but there are calls for more renewables to be added to the energy mix.

Disruptions from the Red Sea have already been priced in and are unlikely to cause further price hikes, one analyst said.

The Gulf states remain relatively insulated from the Israel Gaza war, but heightened geopolitical tensions come as governments try to attract foreign direct investment.

A new report found that an ambitious plan for Europe to fully replace Russian gas in the next five years is “achievable and beneficial” to both energy security and the climate.

The UK government is to issue more than one hundred new oil and gas exploration licences as part of a package of measures to address the energy crisis but critics say low-carbon solutions and energy efficiency are the most effective way of improving energy independence.

Some climate watchers are unhappy India has dropped bold commitments made by Modi in Glasgow last year and fear the nation will burn more dirty cheap coal to provide affordable energy to its population.