PARIS: The International Energy Agency (IEA) will convene an InternationalSummit on the Future of Energy Security in the second quarter of 2025, hosted by the UK government in London, to assess the existing and future risks facing the global energy system and to prioritise the solutions and opportunities available for addressing them.

The Summit will examine the geopolitical, technological and economic factors affecting energy security at the national and international level. It will provide global decision makers and key actors with an opportunity to review the trends redefining global energy security. These include changes in energy demand, supply and trade; the adoption of clean and efficient energy solutions; the availability of the minerals and metals required for clean energy technologies – from wind turbines and solar panels to electric vehicles and battery storage; and the allocation of investment during the transition away from fossil fuels.

‘The global energy crisis delivered a sobering reminder t
o countries around the world on the importance of energy security and its implications for our economies,’ said IEA Executive Director Fatih Birol. ‘From its founding 50 years ago, the IEA has been a leader in safeguarding energy security and anticipating emerging risks. As the nature of energy security evolves amid looming threats, the IEA will continue to do all it can to ensure uninterrupted access to energy at affordable prices while honouring global climate commitments. I’m grateful to the UK government – under the leadership of Prime Minister Keir Starmer and Secretary of State Ed Miliband – for hosting this Summit, which will bring together leaders and decision- makers from around the world to ensure that we are taking the right actions today for stronger energy security tomorrow.’

UK Energy Secretary Ed Miliband said: “In an unstable world, the only way to guarantee our energy security and protect against volatile energy price spikes is to speed up the transition away from fossil fuels to clean, home
grown energy. Since the Russian invasion of Ukraine global energy security has become more important than ever. I am determined that the UK takes a global lead on clean energy and I look forward to working closely with the IEA as we host this crucial Future of Energy Security summit next year. Together we can mobilise international action for cheap, clean, secure energy as we drive forward the global energy transition.”

Source : Emirates News Agency