E3G

Energy, Politics, and Poverty

By Chris Littlecott

Energy producing neighbours

The UK should push for the EU to develop:

7. Strong conditionalities to prevent price manipulation by vertically integrated suppliers;

8. Access to other energy sources such as from North Africa and LNG imports from further afield; invigorating the Barcelona Process or Euro-Mediterranean Partnership to secure energy supplies from North Africa while strengthening EU development assistance for energy initiatives in the Mediterranean and beyond; including extending loans from the European Investment Bank to cover renewable energy projects, clean technologies and natural gas supply, and gas supply from or through Egypt, Algeria and Libya.

A new compact

9. Include China and India in the IEA and other international energy forums;

10. A new compact with India and China, which includes the United States, comprising:

Joint development of clean energy technologies;

Agreement on common technology standards for energy production;

Financial transfers to support the implementation of clean technologies;

Agreement on co-ordination of oil storage arrangements;

A link to development-friendly investment in energy-rich poor countries (as outlined below).