Italy’s Meloni calls for global energy market reform at G20

Italy’s Meloni calls for global energy market reform at G20 | INFBusiness.com

The world’s energy sector needs to be reformed to prevent countries from using energy as a weapon, Italian Prime Minister Giorgia Meloni said at the G20 summit in Bali.

Meloni criticised “speculators” for having too much influence before calling for reform of the world energy market. According to her, supplier countries must not be allowed to take advantage of consumer countries, and, in the meantime, Italy is working on a plan to be the energy hub of Europe.

During the first plenary session, Food and Energy Security, Meloni, the only female head of government attending the summit, called on her counterparts to seize “the opportunity to make the world more sustainable and build a more balanced market.”

Meloni said, “Italy, together with the EU, is intervening to deal with the disproportionate and disproportionate growth in energy prices, to increase national production and accelerate the diversification of supply sources” to decrease dependence on Russia.

According to the electoral programme of the coalition parties, Meloni’s government plans to make southern Italy an ‘energy hub’ for the entire continent, exploiting its strategic position in the centre of the Mediterranean.

The plenary was also an opportunity to talk about migration from the point of root causes: climate change, unstable economies, political instability, and the food crisis in African countries.

“North Africa is fragile and depends on imports to meet its food needs. This is why we have launched the Rome Mediterranean Dialogue on the Food Crisis since last summer, with the ambition to take joint initiatives to increase food security in the region,” said Meloni, describing the food issue as a “top priority.”

(Federica Pascale | EURACTIV.it)

Source: euractiv.com

Leave a Reply

Your email address will not be published. Required fields are marked *