European governments are seeking to deepen their oil and gas partnerships with Libya, largely to diversify away from Russian supplies. Yet by neglecting internal challenges such as political discord, corruption and militias, they may jeopardize their own objectives as well as Libya’s path to stability and economic recovery.
Energy
Resource extraction continues to be a major source of revenue for both developing countries and wealthier nations alike. But the windfalls don’t come without risks. Meanwhile, the environmental impact of fossil fuels is driving the development of renewable energy sources. But the transition is slow to develop.
The U.N. COP28 Climate Change Conference concluded with a pledge to transition away from fossil fuels, the first such major multilateral agreement to call for signatories to do so. As a result, the pledge was heralded as a historic achievement. But does this actually mean that climate diplomacy has turned a corner?