Tuesday, May 5, 2026
    The GeoStrategic Consensus
    No Result
    View All Result
    • Login
    • HOME
    • AMERICAS
      • Argentina
      • Brazil
      • Canada
      • Chile
      • Colombia
      • Costa Rica
      • Cuba
      • Dominican Republic
      • Ecuador
      • El Salvador
      • Greenland
      • Guatemala
      • Honduras
      • Mexico
      • Nicaragua
      • Panama
      • Paraguay
      • Peru
      • United States
      • Uruguay
      • Venezuela
    • ASIA-PACIFIC
      • Australia
      • Brunei Darussalam
      • Cambodia
      • China
      • Federated States of Micronesia
      • Fiji
      • Indonesia
      • Japan
      • Kiribati
      • Laos
      • Malaysia
      • Marshall Islands
      • Mongolia
      • Myanmar
      • Nauru
      • New Zealand
      • North Korea
      • Palau
      • Papua New Guinea
      • Philippines
      • Samoa
      • Singapore
      • Solomon Islands
      • South Korea
      • Taiwan
      • Thailand
      • Timor-Leste
      • Tonga
      • Tuvalu
      • Vanuatu
      • Vietnam
    • CARICOM
      • CARICOM – Non-English
        • Haiti
        • Suriname
      • CARICOM Associates
        • Anguilla
        • Bermuda
        • British-Virgin-Islands
        • Cayman-Islands
        • Curacao
        • Turks-and-Caicos
      • CARICOM English
        • Antigua and Barbuda
        • Barbados
        • Belize
        • Dominica
        • Grenada
        • Guyana
        • Jamaica
        • Montserrat
        • Saint Kitts and Nevis
        • Saint Lucia
        • Saint Vincent and the Grenadines
        • The Bahamas
        • Trinidad and Tobago
    • EURASIA
      • Armenia
      • Azerbaijan
      • Balarus
      • Georgia
      • Kazakhstan
      • Kyrgyzstan
      • Moldova
      • Russia
      • Tajikistan
      • Turkmenistan
      • Ukraine
      • Uzbekistan
    • EUROPE
      • Albania
      • Andorra
      • Austria
      • Bosnia and Herzegovina
      • Bulgaria
      • Croatia
      • Cyprus
      • Czech Republic
      • Denmark
      • Estonia
      • Finland
      • France
      • Germany
      • Greece
      • Holy See
      • Hungary
      • Iceland
      • Ireland
      • Italy
      • Kosovo
      • Latvia
      • Liechtenstein
      • Lithuania
      • Luxembourg
      • Malta
      • Monaco
      • Montenegro
      • Netherlands
      • North Macedonia
      • Norway
      • Poland
      • Portugal
      • Romania
      • San Marino
      • Serbia
      • Slovakia
      • Slovenia
      • Spain
      • Sweden
      • Switzerland
      • United Kingdom
    • MIDDLE EAST AND NORTH AFRICA
      • Algeria
      • Bahrain
      • Egypt
      • Iran
      • Iraq
      • Israel
      • Jordan
      • Kuwait
      • Lebanon
      • Lybia
      • Morocco
      • Oman
      • Palestinian Territories
      • Qatar
      • Saudi Arabia
      • Syria
      • Tunisia
      • Turkey
      • United Arab Emirates
      • Western Sahara
      • Yemen
    • SOUTH ASIA
      • Afghanistan
      • Bangladesh
      • Bhutan
      • India
      • Maldives
      • Nepal
      • Pakistan
      • Sri Lanka
    • SUB-SAHARAN AFRICA
      • Angola
      • Benin
      • Botswana
      • Burkina Faso
      • Burundi
      • Cabo Verde
      • Cameroon
      • Central African Republic
      • Chad
      • Comoros
      • Cote d’Ivoire
      • Democratic Republic of the Congo
      • Djibouti
      • Equatorial Guinea
      • Eritrea
      • Eswatini
      • Ethiopia
      • Gabon
      • Gambia
      • Ghana
      • Guinea
      • Guinea Bissau
      • Kenya
      • Lesotho
      • Liberia
      • Madagascar
      • Malawi
      • Mali
      • Mauritania
      • Mauritius
      • Mozambique
      • Namibia
      • Niger
      • Nigeria
      • Republic of the Congo
      • Rwanda
      • Sao Tome and Principe
      • Senegal
      • Seychelles
      • Sierra Leone
      • Somalia
      • South Africa
      • South Sudan
      • Sudan
      • Tanzania
      • Togo
      • Uganda
      • Zambia
      • Zimbabwe
    • HOME
    • AMERICAS
      • Argentina
      • Brazil
      • Canada
      • Chile
      • Colombia
      • Costa Rica
      • Cuba
      • Dominican Republic
      • Ecuador
      • El Salvador
      • Greenland
      • Guatemala
      • Honduras
      • Mexico
      • Nicaragua
      • Panama
      • Paraguay
      • Peru
      • United States
      • Uruguay
      • Venezuela
    • ASIA-PACIFIC
      • Australia
      • Brunei Darussalam
      • Cambodia
      • China
      • Federated States of Micronesia
      • Fiji
      • Indonesia
      • Japan
      • Kiribati
      • Laos
      • Malaysia
      • Marshall Islands
      • Mongolia
      • Myanmar
      • Nauru
      • New Zealand
      • North Korea
      • Palau
      • Papua New Guinea
      • Philippines
      • Samoa
      • Singapore
      • Solomon Islands
      • South Korea
      • Taiwan
      • Thailand
      • Timor-Leste
      • Tonga
      • Tuvalu
      • Vanuatu
      • Vietnam
    • CARICOM
      • CARICOM – Non-English
        • Haiti
        • Suriname
      • CARICOM Associates
        • Anguilla
        • Bermuda
        • British-Virgin-Islands
        • Cayman-Islands
        • Curacao
        • Turks-and-Caicos
      • CARICOM English
        • Antigua and Barbuda
        • Barbados
        • Belize
        • Dominica
        • Grenada
        • Guyana
        • Jamaica
        • Montserrat
        • Saint Kitts and Nevis
        • Saint Lucia
        • Saint Vincent and the Grenadines
        • The Bahamas
        • Trinidad and Tobago
    • EURASIA
      • Armenia
      • Azerbaijan
      • Balarus
      • Georgia
      • Kazakhstan
      • Kyrgyzstan
      • Moldova
      • Russia
      • Tajikistan
      • Turkmenistan
      • Ukraine
      • Uzbekistan
    • EUROPE
      • Albania
      • Andorra
      • Austria
      • Bosnia and Herzegovina
      • Bulgaria
      • Croatia
      • Cyprus
      • Czech Republic
      • Denmark
      • Estonia
      • Finland
      • France
      • Germany
      • Greece
      • Holy See
      • Hungary
      • Iceland
      • Ireland
      • Italy
      • Kosovo
      • Latvia
      • Liechtenstein
      • Lithuania
      • Luxembourg
      • Malta
      • Monaco
      • Montenegro
      • Netherlands
      • North Macedonia
      • Norway
      • Poland
      • Portugal
      • Romania
      • San Marino
      • Serbia
      • Slovakia
      • Slovenia
      • Spain
      • Sweden
      • Switzerland
      • United Kingdom
    • MIDDLE EAST AND NORTH AFRICA
      • Algeria
      • Bahrain
      • Egypt
      • Iran
      • Iraq
      • Israel
      • Jordan
      • Kuwait
      • Lebanon
      • Lybia
      • Morocco
      • Oman
      • Palestinian Territories
      • Qatar
      • Saudi Arabia
      • Syria
      • Tunisia
      • Turkey
      • United Arab Emirates
      • Western Sahara
      • Yemen
    • SOUTH ASIA
      • Afghanistan
      • Bangladesh
      • Bhutan
      • India
      • Maldives
      • Nepal
      • Pakistan
      • Sri Lanka
    • SUB-SAHARAN AFRICA
      • Angola
      • Benin
      • Botswana
      • Burkina Faso
      • Burundi
      • Cabo Verde
      • Cameroon
      • Central African Republic
      • Chad
      • Comoros
      • Cote d’Ivoire
      • Democratic Republic of the Congo
      • Djibouti
      • Equatorial Guinea
      • Eritrea
      • Eswatini
      • Ethiopia
      • Gabon
      • Gambia
      • Ghana
      • Guinea
      • Guinea Bissau
      • Kenya
      • Lesotho
      • Liberia
      • Madagascar
      • Malawi
      • Mali
      • Mauritania
      • Mauritius
      • Mozambique
      • Namibia
      • Niger
      • Nigeria
      • Republic of the Congo
      • Rwanda
      • Sao Tome and Principe
      • Senegal
      • Seychelles
      • Sierra Leone
      • Somalia
      • South Africa
      • South Sudan
      • Sudan
      • Tanzania
      • Togo
      • Uganda
      • Zambia
      • Zimbabwe
    No Result
    View All Result
    Agentially
    No Result
    View All Result
    Home ASIA-PACIFIC Palau

    Fossil fuels are driving a cost crisis for households, businesses and nations

    The Analyst by The Analyst
    May 5, 2026
    in Palau
    Fossil fuels are driving a cost crisis for households, businesses and nations


    Overview:

    From rising food prices to soaring energy bills, the fallout from global conflict is hitting households and businesses worldwide. According to Simon Stiell, fossil fuels are at the heart of the crisis—and the way out is clear.

    Op-ed by UN Climate Change Executive Secretary Simon Stiell. 

    BONN, 28 APRIL 2026 (UNFCCC)—As the head of UN Climate Change, I’m used to making the case for clean energy. Today, the latest fossil fuel energy crisis is doing that job for me. 

    War in the Middle East has exposed a brutal truth: fossil fuel dependency rips away countries’ sovereignty and security, putting food prices, household budgets, business bottom lines, and entire economies at the mercy of geopolitical shocks. In a world of “might is right” politics, that gets more volatile every month, the costs of fossil fuel subservience are spiralling out of control. 

    READ ALSO

    Joint Partnership Advances Coastal Cleanup and Conservation Efforts for Earth Day

    Palau Earth Day Green Fair 2026 Unites Community in Koror for Sustainability, Youth Engagement, and Cultural Traditions

    The latest conflict has unleashed what the International Energy Agency has called, “”the greatest global energy security threat in history”, constricting oil and gas supplies and sending prices soaring. Inflation inevitably follows, with higher bills for families and businesses of all sizes. 

    The impacts are reverberating around the world. The World Food Programme predicts that the war could push global hunger to record levels this year.  In Somalia, a country in the midst of severe drought, the price of some essential commodities has risen by at least 20 percent since the conflict began, according to local reports. The Philippines has declared a national energy emergency. 

    Incredibly however, some argue that the correct response to the current crisis is to slow the shift to renewable energy, and instead double-down on the cause of the turmoil – fossil fuels. This defies economic logic and basic common sense.  With geopolitics in disarray, energy price chaos will keep happening again. Continued dependence on fossil fuels would leave countries forever lurching from crisis to crisis. 

    It would also mean our planet keeps heating-up, supercharging climate disasters like mega storms, droughts, fires and floods. These are already ruining millions of lives and tearing shreds out of every economy.  In Mozambique, tropical cyclones flooded thousands of hectares of cropland, and impacted more than a million people. In California, wildfires caused over US$60 billion in losses last year alone. If temperatures keep rising unchecked, this will only get worse. And yet the cause – fossil fuels – continue to receive trillions of dollars in subsidies globally. 

    The good news is there is a clear solution to both the climate crisis and the fossil fuel cost crisis: accelerating the shift to clean energy systems – where renewables supply the power, backed by modern grids and storage, and clean technologies, like electric vehicles, replace polluting alternatives. 

    Sunlight and wind don’t depend on narrow and vulnerable shipping straits. Clean energy like solar and wind power – allow nations to regain control of their economies and security; insulating their countries from global turmoil, while creating jobs, cutting pollution, improving health, boosting stability, and lowering costs. Renewable power is the cheapest there is. In China, electric vehicles are set to avoid over US$28 billion a year in oil import costs. In Pakistan, a recent report shows that the country’s solar revolution could save it up to US$7 billion a year in gas imports in 2026.  And in Spain, the country now has some of the cheapest electricity in Europe, thanks to renewables. 

    Many countries are already seizing these benefits, and protecting themselves from climate disasters. But others need support. Over USD2 trillion flowed into clean energy last year – twice as much as fossil fuels – but very little went to the vulnerable developing economies that need it most. 

    That must change urgently. Richer countries – and the international financial institutions they control – have every incentive to ensure that affordable finance flows to developing nations for climate action. Because a truly global shift benefits us all. 

    In our interconnected global economy, climate disasters hammering supply chains are a major inflation driver for every country. But through international climate cooperation, countries are creating an alternative to the strong-arm politics dominating international affairs. 

    At UN Climate Change, we’re supporting this cooperation. Our annual conferences, known as COPs, have driven major progress – roughly halving the projected rise in global temperature, transforming global energy markets and supporting resilience-building. But we need to go far faster, and to ensure a just transition, including for economies and communities that have historically relied on fossil fuels. 

    The quicker countries move, the greater the gains, and the climate cannot wait. So, we’re increasingly focussed on turning climate commitments into real-world outcomes that benefit billions more people. Last year at COP30 in Brazil, USD 1 trillion was committed to grids and storage, to invest in modern, clean energy systems. This year’s COP31 in Türkiye will drive further progress across sectors and regions. 

    Today’s turmoil underscores the urgency of this work. Climate cooperation is a cure for the chaos of this moment. Clean energy and climate resilience are essential, not despite global instability but because of it….PACNEWS

    Related



    Source link

    Related Posts

    Joint Partnership Advances Coastal Cleanup and Conservation Efforts for Earth Day
    Palau

    Joint Partnership Advances Coastal Cleanup and Conservation Efforts for Earth Day

    May 5, 2026
    Palau Earth Day Green Fair 2026 Unites Community in Koror for Sustainability, Youth Engagement, and Cultural Traditions
    Palau

    Palau Earth Day Green Fair 2026 Unites Community in Koror for Sustainability, Youth Engagement, and Cultural Traditions

    May 5, 2026
    EXPLAINER: Court Case Over Forfeiture of Indonesian Fishing Vessel Amid EEZ Dispute
    Palau

    EXPLAINER: Court Case Over Forfeiture of Indonesian Fishing Vessel Amid EEZ Dispute

    May 4, 2026
    Palau Releases 1,500 Sea Cucumber Juveniles to Revive Scarce Coastal Treasure
    Palau

    Palau Releases 1,500 Sea Cucumber Juveniles to Revive Scarce Coastal Treasure

    May 4, 2026
    Regional symposium targets renewable transition and stronger energy data across Pacific SIDS
    Palau

    Regional symposium targets renewable transition and stronger energy data across Pacific SIDS

    May 4, 2026
    Palau Enters Neutral Climate Phase, Drier Months And Warmer Temperatures Expected
    Palau

    Palau Enters Neutral Climate Phase, Drier Months And Warmer Temperatures Expected

    May 4, 2026
    Next Post
    46 hospitalized after suspected ‘banh mi’ food poisoning in Vietnam’s Quang Tri

    46 hospitalized after suspected ‘banh mi’ food poisoning in Vietnam’s Quang Tri

    POPULAR NEWS

    Justin Bieber fans flood Coachella festival for headlining show – Entertainment

    Justin Bieber fans flood Coachella festival for headlining show – Entertainment

    April 20, 2026

    Over 600 flee homes as Army, NPA clash in Negros Occidental

    April 21, 2026

    Ex-DPWH exec recalls P800-M ‘delivery’ to Zaldy Co 

    April 20, 2026

    Former PM Paluckas suspends party membership, to waive immunity over criminal probe

    April 24, 2026
    Pres. Ali challenges CARICOM to transform into health research powerhouse

    Pres. Ali challenges CARICOM to transform into health research powerhouse

    April 23, 2026

    EDITOR'S PICK

    SIRUF shifts start date for Credit Corp Schools 15s League

    SIRUF shifts start date for Credit Corp Schools 15s League

    May 3, 2026
    Canadian firm to build 7-million-ounce gold project with G2 takeover  

    Canadian firm to build 7-million-ounce gold project with G2 takeover  

    April 10, 2026
    The coalition will summon Oddone and Castillo due to an agreement between the government and PIT-CNT on social security

    The coalition will summon Oddone and Castillo due to an agreement between the government and PIT-CNT on social security

    April 25, 2026
    Flexibility on the status of the hijab in Iran

    Flexibility on the status of the hijab in Iran

    May 4, 2026

    Recent Posts

    • Luchas de poder, avaricia, guerra y ‘tecnofascismo’: la IA se quita la careta
    • Kimi Antonelli: Time might be on his side, but the F1 prodigy is in a hurry to win now
    • Así se hace “periodismo en el exilio” en Nicaragua, Cuba, Venezuela y El Salvador
    • CMC journalist dies after prolonged illness – iWitness News

      © 2026 Agentially - Navigating shifting sovereignties and global risk .

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      No Result
      View All Result

        © 2026 Agentially - Navigating shifting sovereignties and global risk .

        This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.