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New Energy World™
New Energy World™ embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low-carbon technologies.
Global geopolitics hot spot: Why concern about the pace of energy transition remains a key issue at Davos
19/2/2025
10 min read
Feature
Grappling with intensifying environmental crises, the gathering at the World Economic Forum in Davos, Switzerland, last month made an urgent call for systemic transformation and a surge in climate and nature-related investments. New Energy World Features Editor Brian Davis reports.
US President Donald Trump’s video address at the World Economic Forum (WEF) in Davos, Switzerland, in January drew some moans and smiles, reported the Associated Press. Executive orders signed upon starting his second term in office a few days earlier included withdrawal from the Paris Climate Accords, reversing President Joe Biden’s Inflation Reduction Act, and stressing his administration’s preference to expand US oil drilling and what he called ‘good clean coal’.
‘The United States has the largest amount of oil and gas of any country on Earth, and we’re going to use it,’ beamed Trump. What’s more, he warned European leaders and top business executives that NATO allies should not expect to be immune from US tariffs. In his typical manner, Trump said: ‘I’m trying to be constructive because I love the countries of Europe… But the processes are very cumbersome, and they do treat the United States of America very unfairly… with the bad taxes they impose.’
So, where does Europe stand when it comes to the energy transition?