As the global energy scene shifts due to November 2024's political events, we see developing countries focusing on energy security and national sovereignty. This comes amid the return of Donald Trump, a known climate skeptic, who has plans to boost fossil fuel production in the U. S. , including offshore drilling and coal mining. His selection of Chris Wright as the new head of the Department of Energy indicates a strong move towards hydrocarbon reliance.
The recent COP29 climate summit in Baku, Azerbaijan, revealed the absence of major leaders from countries like China, India, and Russia, who prioritized other summits focused on energy security rather than fossil fuel reduction. This highlights a growing divide between the priorities of wealthy nations and those of developing countries, which are pushing back against the call for rapid decarbonization. The president of Azerbaijan praised fossil fuels while hosting the event, showing the contradictions within the climate agenda.
In contrast, countries such as Argentina withdrew their delegations early from COP29, while BRICS nations came together to ensure a steady supply of fossil fuels. China and India continue to utilize coal heavily, along with other developing countries expanding their fossil fuel production. Japan has fortified its natural gas infrastructure, and various South American nations are discovering new oil and gas reserves, emphasizing the ongoing importance of fossil fuels for their economies.
Africa is also seeing increased oil and gas development, with national leaders acknowledging the necessity of these resources for energy security. As developed nations focus on stringent climate targets, many growing economies prioritize fossil fuel use to support development. This marks a shift away from the previous global alignment on climate actions, pointing towards a new energy order defined by practicality and regional needs.
The conversation surrounding climate policies reflects a fragmented approach, with developing nations benefiting from fossil fuel use despite the push for renewable energy in developed areas. This indicates a significant change in the global energy outlook, where the role of fossil fuels remains vital in powering ambitious economic growth in many parts of the world.
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