Special Relationship: New Anglo-American energy partnership is Western fossil fuel hypocrisy at its best
- December 11, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Special Relationship: New Anglo-American energy partnership is Western fossil fuel hypocrisy at its best
Subject :Environment
Context-
- The United States and the United Kingdom announced an “energy security and affordability partnership” on December 7, 2022.
The energy security and affordability partnership-
- The deal was signed between the USA and the UK.
- The UK and US will drive work to-
- Reduce global dependence on Russian energy exports,
- Stabilise energy markets
- Step up collaboration on energy efficiency, nuclear and renewables.
- The initiative will be steered by a new UK-US Joint Action Group.
What is the issue in this deal-
- The amount of liquified natural gas (LNG) being supplied by the US to the UK will now be more than doubled. LNG is a major source of methane emission and carbon emissions.
- On the one hand, German and US negotiators are convincing countries like India to come on board and sign JETP deals to phase out coal. On the other, they are signing deals promising huge exports of LNG to the UK.
- JETP or Just Energy Transition Partnership is a deal proposed by G7 countries, and signed by South Africa, Indonesia and Vietnam to transition these coal-based economies to renewables.