BRUSSELS — European governments are poised to call for swifter deployment of clean energy to combat fossil fuel shocks as the Iran crisis drives up oil and gas prices, according to a draft agreement seen by POLITICO.
Next Tuesday, the bloc’s 27 foreign affairs ministers are expected to sign off on a set of conclusions sketching out an updated direction for the EU’s collective energy and climate diplomacy.
Against the backdrop of soaring fossil fuel prices due to the war in Iran, the draft text is steeped in concerns over the EU’s autonomy and security. The main solution, countries will agree, is to accelerate the transition to clean energy.
“The hostilities in Iran and the wider region threaten regional and global security and prosperity,” reads the text, which was approved by the political and security committee of the Council of the EU on April 14 and now requires the backing of EU ambassadors and foreign ministers.
