International

World risks more years of high energy prices, emissions: IEA

AFP

The world faces more years of high energy prices and emissions unless the electricity sector changes faster after demand hit a record last year, the International Energy Agency said Friday.

The economic recovery from the Covid pandemic, combined with unusual weather conditions, caused electricity demand to jump by more than six percent in 2021, the largest increase since 2010, the IEA said.

In absolute terms, the increase of more than 1,500 terawatt-hours was the largest ever, the Paris-based agency said in its semi-annual Electricity Market Report.

This pushed prices to unprecedented levels while emissions from the electricity sector rose by seven percent in 2021 — an all-time high after having decreased the previous two years, the IEA said.

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While renewable power experienced “impressive growth”, electricity generation from coal and natural gas hit record levels, the report found.

“In the absence of faster structural change in the sector, rising demand over the next three years could result in additional market volatility and continued high emissions,” the IEA said.

IEA executive director Fatih Birol said emissions from electricity must fall by 55 percent by 2030 if the world is to meet a target of net-zero carbon emissions by 2050.

“But in the absence of major policy action from governments, those emissions are set to remain around the same level for the next three years,” Birol said in a statement.

“Not only does this highlight how far off track we currently are from a pathway to net zero emissions by 2050, but it also underscores the massive changes needed for the electricity sector to fulfil its critical role in decarbonising the broader energy system.”

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Birol also warned that high electricity prices “have been causing hardship for many households and businesses around the world and risk becoming a driver of social and political tensions.”

China accounted for around half of the global growth in electricity demand last year. The country experienced power cuts due to coal shortages — a problem also encountered by India.

International

Florida judge sets 2027 trial in Trump’s $10 billion lawsuit against BBC

A federal judge in Florida has scheduled February 2027 for the trial in the lawsuit filed by U.S. President Donald Trump against the BBC, in which he is seeking $10 billion in damages for defamation.

Trump accuses the British broadcaster of airing a misleading edit of a speech he delivered on January 6, 2021, which, he says, made it appear that he explicitly urged his supporters to attack the U.S. Capitol in Washington.

The president filed the suit in December in federal court in Florida, alleging defamation and violations of a law governing business practices when the program was broadcast ahead of the 2024 election.

Trump is seeking $5 billion in damages for each of the two claims.

Lawyers for the BBC unsuccessfully asked the court to dismiss the case, arguing that Trump had not suffered a “legally recognizable harm,” since the investigative program Panorama, which included the edited footage, aired outside the United States.

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International

Head-of-state diplomacy key to guiding China–U.S. ties, Beijing says

Head-of-state diplomacy plays an irreplaceable strategic guiding role in China–United States relations, Chinese Foreign Ministry spokesperson Lin Jian said on Thursday during a regular press briefing, when asked about high-level exchanges between the two sides.

Lin added that in a recent phone call, U.S. President Donald Trump once again expressed his intention to visit China in April, while Chinese President Xi Jinping reiterated his invitation.

Both sides remain in communication regarding the matter, the spokesperson said.

Lin noted that the essence of China–U.S. economic and trade ties lies in mutual benefit and win-win outcomes.

“Both parties should work together to implement the important consensus reached by the two heads of state, injecting greater certainty and stability into China–U.S. economic and trade cooperation, as well as into the global economy,” he said.

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International

Trump administration to end special immigration operation in Minnesota

The administration of Donald Trump is bringing to a close its special operation targeting illegal immigration in the northern state of Minnesota, border czar Tom Homan announced Thursday, following weeks of unrest and the fatal shootings of two activists by federal agents.

Thousands of federal officers had been deployed to Minnesota in December to carry out large-scale raids against undocumented immigrants.

The operations triggered strong reactions from residents and advocacy groups, leading to daily confrontations and the deaths of two people who were shot by federal agents.

“I proposed, and President Trump agreed, that this special operation should end in Minnesota,” Homan said during a press conference in the state capital, Minneapolis.

“A significant drawdown began this week and will continue into next week,” he added.

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Homan indicated that similar enforcement efforts could be launched in other cities.

“Next week we will redeploy the agents currently here back to their home stations or to other parts of the country where they are needed. But we will continue to enforce immigration laws,” he said.