news Decarbonization & energy Hellenic Shipping News
EU backs ending new oil and gas drilling in Oil & Companies News 30/04/2026 The war in the Middle East may have driven up oil and gas demand, but the world should still ditch new fossil fuel drilling, EU climate chief Wopke Hoekstra has said, insisting on “affordable, reliable, homegrown clean energy.” The world should end new fossil fuel drilling, EU Climate Action Commissioner Wopke Hoekstra has said, adding that global energy security depends on reducing oil and gas dependency. Speaking on Tuesday at an international conference in Santa Marta, Colombia, aimed at quitting oil, gas and coal for good, the EU climate chief said that science-driven, measurable steps should be identified to support the transition from fossil fuels. “Science matters in climate change. And transitioning away from fossil fuels is a very tangible way to follow science,” he said. The First International Conference on Transitioning Away from Fossil Fuels, gathering 60 countries, including some major oil producers, comes at a timely moment. Global demand for oil and natural gas has surged in the wake of the US-led war against Iran and the closure of the Strait of Hormuz, a vital trade passage. Nonetheless, the European Union insists that the long-term goal of clean power is more necessary than ever. But as EU ministers scramble to secure supplies amid soaring energy prices, some countries are considering tapping their fossil fuel reserves for a rescue. Even before the recent market disruptions, Greece issued its first offshore oil and gas exploration license in over four decades. Italy is also considering reviving offshore oil and gas exploration, which was suspended in 2019. Rome and Berlin have also suggested a temporary return to coal to remedy soaring electricity prices. However, Hoekstra said the clean energy transition remained the best long-term response. “We need to reduce our fossil fuel dependence for our energy security. We cannot be at the mercy of regimes holding up our resources,” he said. “As long as we rely on fossil fuels, we are vulnerable to volatility and external pressure. What is the answer? To double down on affordable, reliable, homegrown clean energy. To move faster towards a clean, electrified energy system. For climate, but also for security, resilience, competitiveness and independence.” Hoekstra called for a doubling of energy efficiency, a tripling of renewables by 2030 and more electrification to prevent vulnerabilities to price and supply shocks from global markets. He also said that the annual United Nations COP climate meetings were not moving fast and far enough. “We all know that the COP process is unfortunately not always delivering what it should. That means we need to improve that. But at the same time, we also need to ensure that we make the most of these plurilateral initiatives,” he said, as he thanked Brazil for tabling the initiative to transition away from fossil fuels at the COP30 last November. Momentum for COP31 Denmark, Ireland, Portugal, Spain and the United Kingdom are among the European nations represented in Santa Marta, a global conference that was planned long before the conflict in the Middle East. Rachel Kyte, the UK’s Special Representative for Climate, said the blocking of the Strait of Hormuz had forced countries around the world to pivot to clean energy, adding that the UK is eager to “support those wishing to drive forward their transitions to clean and secure energy.” “We have the experience of our tr
EU backs ending new oil and gas drilling
Hellenic Shipping News
Read full article at Hellenic Shipping News →
Opens Hellenic Shipping News in a new tab