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fromThe Local France
1 hour agoEuropean drivers choke on rising diesel prices
Diesel prices in Europe have surged over 30% due to the Middle East war, highlighting dependence on imported energy.
At the start of this year, Pakistan had more imported liquefied natural gas (LNG) than it could use, with demand falling from a peak of 8.2 million tonnes in 2021 to 6.1 million tonnes by late 2025. The government sold excess gas shipments to other countries and shut down domestic gas wells to prevent pipelines from bursting under oversupply.
In the US and UK, there is urgent climate action which has put pressure on oil and gas companies to adopt a new narrative. Energy security is a global theme that has started to be incorporated in Asia, but most campaigns in the region continue to focus on brand loyalty and Asian values of family and community.
At a young age, I learned quickly how oil wealth and power could burn the land while people struggled. I saw heat rise off the streets, the Nile strained, and the air thickened with injustice. In my teenage years, through Aotearoa, being on the edge of the Pacific, I felt the ocean breathing heavy, swallowing the shores of islands that have done the least to cause this harm.
We stand ready to take all necessary measures in close coordination with our partners, including to preserve the stability and security of the energy market, said the G7 in a statement after a teleconference.
The state of national energy emergency is declared in light of the ongoing conflict in the Middle East, posing an imminent danger to the availability and stability of the country's energy supply.
At a meeting at the Paris headquarters of the intergovernmental body dedicated to global energy security, Wright referred to the "destructive illusion" of the IEA's commitment to massively reducing greenhouse gas emissions sourced from fossil fuels. The US, one of 45 member and associate countries of the IEA that represent 75% of the world's energy demand, is threatening to withdraw from the body if it does not quit its energy transition goals in the next year.
"We have recently launched the largest ever release of IEA emergency oil stocks - and I am in close contact with key governments around the world, including major energy producers and consumers, as part of our international energy diplomacy."
A potent neurotoxin capable of causing lifelong damage to the lungs, brain, skin and other organs, mercury is strictly regulated worldwide. Children, in particular, can suffer severe developmental impairment when exposed. A trace element that occurs naturally in rocks such as limestone, as well as in coal and crude oil, mercury remains locked underground for millions of years, largely entering the ecological cycle through human activity.
The war in the Middle East is exposing how dependent the world is on a handful of strategic chokepoints. The Strait of Hormuz a narrow waterway in the Gulf is closed. The longer this goes on, the faster the global energy map could be reshaped.
The energy minister, Chris Bowen, acknowledged fuel supplies could face further pressure but ruled out a cut to the fuel excise or rationing fuel purchasing. Bowen said he had cut fuel companies' minimum stock obligations to about 2.2bn litres of diesel and 700m litres of petrol respectively, freeing up about 500m and 300m respectively to be directed towards regional Australia.
Coal power generation fell in China and India for the first time since the 1970s last year, in a historic moment that could bring a decline in global emissions, according to analysis. The simultaneous fall in coal-powered electricity in the world's biggest coal-consuming countries had not happened since 1973, according to analysts at the Centre for Research on Energy and Clean Air, and was driven by a record roll-out of clean energy projects.
After two years of declines, United States greenhouse gas emissions increased in 2025-a change driven by increased electricity use, due in part to data centers and cryptocurrency mining, as well as cold winter temperatures that meant homes required more heating. Emissions increased 2.4% in 2025, according to preliminary data from the research firm Rhodium Group. That's higher than the country's GDP growth, which increased by a projected 1.9%.
Carbon markets are simultaneously promoted as an essential climate financing tool, and criticized as a license to pollute. A carbon market puts a price on greenhouse gas emissions via carbon credits that get bought and sold, almost like stocks. A credit represents one metric ton of CO 2 that has been avoided or removed through a specific project. A project could target emissions through agricultural practices, CO 2 capture or reforestation.