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

Former South Korean President Yoon sentenced to five years in prison

Former South Korean president Yoon Suk-yeol was sentenced on Friday to five years in prison for obstruction of justice and other charges, concluding the first in a series of trials stemming from his failed attempt to impose martial law in December 2024.

The sentence is shorter than the 10-year prison term sought by prosecutors against the 65-year-old conservative former leader, whose move against Parliament triggered a major political crisis that ultimately led to his removal from office.

Yoon, a former prosecutor, is still facing seven additional trials. One of them, on charges of insurrection, could potentially result in the death penalty.

On Friday, the Seoul Central District Court ruled on one of the multiple secondary cases linked to the affair, which plunged the country into months of mass protests and political instability.

International

U.S. deportation flight returns venezuelans to Caracas after Maduro’s ouster

A new flight carrying 231 Venezuelans deported from the United States arrived on Friday at the airport serving Caracas, marking the first such arrival since the military operation that ousted and captured President Nicolás Maduro.

On January 3, U.S. forces bombed the Venezuelan capital during an incursion in which Maduro and his wife, Cilia Flores, were captured. Both are now facing narcotrafficking charges in New York.

This was the first U.S.-flagged aircraft transporting migrants to land in Venezuela since the military action ordered by President Donald Trump, who has stated that he is now in charge of the country.

The aircraft departed from Phoenix, Arizona, and landed at Maiquetía International Airport, which serves the Venezuelan capital, at around 10:30 a.m. local time (14:30 GMT), according to AFP reporters on the ground.

The deportees arrived in Venezuela under a repatriation program that remained in place even during the height of the crisis between the two countries, when Maduro was still in power. U.S. planes carrying undocumented Venezuelan migrants continued to arrive throughout last year, despite the military deployment ordered by Trump.

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International

Sheinbaum highlights anti-drug gains after U.S. says challenges remain

Mexican President Claudia Sheinbaum on Friday highlighted her government’s achievements in the fight against drug trafficking, after the United States said challenges remain in combating organized crime.

On Thursday, Mexican Foreign Minister Juan Ramón de la Fuente held talks with his U.S. counterpart, Secretary of State Marco Rubio. Following the meeting, the U.S. State Department said in a statement that “despite progress, challenges still exist” in addressing organized crime.

“There are very strong results from joint cooperation and from the work Mexico is doing: first, a 50% reduction in fentanyl seizures at the U.S. border,” Sheinbaum said during her regular morning press conference.

The president also said that authorities have seized nearly 320 tons of drugs and that there has been a “40% decrease in intentional homicides in Mexico” since the start of her administration on October 1, 2024.

Sheinbaum added that the United States should implement campaigns to reduce drug consumption within its territory and curb the flow of weapons into Mexico.

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“There are many results and there will be more, but there must be mutual respect and shared responsibility, as well as respect for our sovereignties,” she said.

On Monday, Sheinbaum held a phone call with U.S. President Donald Trump to discuss security issues. She said she once again ruled out the presence of U.S. troops in Mexico to fight drug cartels.

Security has been a recurring issue used by Trump to threaten tariffs on Mexico and to pressure negotiations over the USMCA (T-MEC) free trade agreement, which are scheduled for 2026.

The agreement is crucial for Mexico’s economy, as about 80% of the country’s exports are destined for the United States.