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| Thursday, 17 October, 2002, 14:44 GMT 15:44 UK Mid-East oil 'too costly' for Europe ![]() The French tanker Limbourg ablaze off Yemen
Ultimately, he said, no amount of money could guarantee secure oil supplies, especially in the next few decades. He urged a rapid effort to develop renewable and low-carbon replacement fuels. In a speech to the Royal United Services Institute (Rusi) in London on energy security, Mr Hain said there were three clear priorities for action:
"Paid predominantly by the US, the costs of protecting our Middle East oil supplies are as high as $15-25 a barrel - that is about a dollar a gallon. Double benefit "We should factor these sizeable external costs into all our decision-making - for example in transport policy - rather than placing them in a separate box marked 'security'.
Mr Hain said reducing the use of oil as a transport fuel would boost other objectives, notably on air quality and climate change, in "convergent policy-making". He said: "There is no area where the need for convergent policy-making is greater than in ensuring our energy security, especially in the field of transport." Transport was the fastest-growing source of greenhouse gas emissions globally, and consumed a growing share of total oil consumption, he added. Hope for Africa New fuels would be needed, including biomass, wind and solar power, and wave and tidal energy, and also new transport technologies. There would be another gain from the transition away from oil, Mr Hain said - "massive potential benefits for poverty reduction, particularly in Africa".
"A combination of mobile telecommunications and solar and renewable power could bring affordable energy to all the people of Africa. "We can shift the bounds of the possible if we can combine the political urgency we associate with our national security with the wide range of low-carbon transport fuel technologies. We must not be prisoners of our own time." All must change Mr Hain told BBC News Online: "The horrific terrorist attack in Bali, the attack on the French tanker off Yemen the other week - these threats are coming at the world from all directions. "And you can't continue, though it's important to try obviously, to just keep erecting security and defence barriers all around you. "We have a way of life, a set of consumption patterns, that are going to have to change - all of us. "We have to recognise that without a major shift in the whole way we organise ourselves, our pattern of life is simply not sustainable." |
See also: 11 Oct 02 | Business 09 Oct 02 | Africa 17 Sep 02 | Business 08 Nov 01 | Americas Internet links: The BBC is not responsible for the content of external internet sites Top Science/Nature stories now: Links to more Science/Nature stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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