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‘Electrifying everything’ is key to Europe’s future, says IEA chief

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‘Electrifying everything’ is key to Europe’s future, says IEA chief

Europe must electrify “everything” in the coming years, Fatih Birol, Executive Director of the International Energy Agency (IEA), said during a Euronews panel at the World Economic Forum in Davos, sharing a vision of a continent powered by clean power rather than fossil fuels.

“When we look at energy security in Europe, and Europe’s goals, such as reaching our climate goals, but also at the same time being affordable, I see one future for Europe,” Birol said. “Electrify everything, as much as you can, electrify everything. Transportation, industry and so on.”

The IEA chief suggested a two-fold strategy to this end. The first is to massively invest in grid infrastructure, and the second is to lower energy prices.

“One is grids, grids, grids,” Birol said, emphasising the importance of revamping the power grids in Europe.

He noted that there are significant bottlenecks, as permits remain difficult to obtain, undermining the development of the vast, interconnected networks that deliver power to homes, businesses, and factories. Birol called this “the main barrier to the electrification of the European economy”.

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“I will give one shocking number. Last year in Europe, we installed a record 80 gigawatts of renewable capacity. More than 400 gigawatts of renewable capacity were ready. But we couldn’t connect it to the grid. And it didn’t go to the households or the factories. This is completely crazy. Economically, it doesn’t make sense at all.”

Birol compared this push for green energy to developing the necessary infrastructure to build a fancy, efficient car, while forgetting to build roads.

Grid failures were also tied to the Iberian Peninsula blackout that left 60 million people without power in April 2025.

EU ‘Grids Package’

The ageing European grid was highlighted in a study by energy think tank Ember published this week, which found that the EU doesn’t have an issue generating green power — wind and solar generated more EU electricity than fossil fuels for the first time in 2025 — but that its “outdated” grid means it has a problem moving that power around.

In light of these issues, the European Commission unveiled a “Grids Package” at the end of last year to revamp the bloc’s obsolete electricity grid to increase electricity transmission across the EU27.

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This move was lauded by Birol, who said he hoped this package would see the light of day, as this could “unblock many of the problems” faced by Europe.

Kıvanç Zaimler, CEO of Sabancı Holding, a leading Turkish investment holding company, who joined the panel, echoed that grid investment is “a must” but stated this must be an in-depth transformation using another car-themed analogy.

“We also have to think about efficiency through digitalisation. It’s like managing (road) traffic. You not only need additional roads, but you also need to solve traffic problems with navigation systems,” he said.

Tackling high energy costs

Another key issue in Europe, Birol said, is the high cost of electricity, which represents a major challenge for the competitiveness of European industry.

“Electricity prices in Europe are very high compared to, I don’t know, the competitors such as the US, such as China. They are three to four times higher here than in those countries,” he told Euronews.

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Romanian Energy Minister Bogdan Ivan said the solution to high energy prices was to double energy resources in Europe.

“We (in Romania) are paying (among) the highest energy prices adjusted for people’s income,” Bogdan said.

He said this should be done by diversifying resources. “I want to use EU resources to finance nuclear power,” Ivan said. “That’s one of the best ways to bring cheap and baseline energy.” He argued that if the EU put too much emphasis on investing solely in wind and solar, it would “definitely have an issue”.

EU energy ministers have pledged to level energy prices across member states and prevent discrepancies between countries during their last official meeting in December.

Sweden’s Vattenfall President and CEO Anna Borg, who was also a panelist, agreed that diversification is key, also putting forward nuclear as a key component.

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“We will need all the fossil-free technologies that we get our hands on. But it is important to understand that the European economy can, in the long run, only be competitive if we phase out fossil fuels.”

Challenging regulations

Reviewing regulations is central to addressing all the underlying challenges delaying European energy sovereignty, the panellists agreed, especially in lowering prices.

Borg argued that overlapping legislation should be addressed, as it often impedes the swift development of key projects.

“Sometimes when we want to build something, we first have to get approval according to one regulation and then another. And they are overlapping in looking at the same thing, but you can get different results,” she said, calling for a more holistic approach.

The Vattenfall representative said what is really needed are “stable regulatory and policy frameworks” that are long-term: “(Energy) investments are made to be there for many decades. And the best thing that we can do from a European perspective is to keep an alignment between the countries so that policies don’t differ too much within the EU.”

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She argued that a lack of such frameworks and the back-and-forth on regulations creates uncertainty, risking market investments.

Zaimler agreed that companies find Europe’s regulatory processes tedious. “Europe has the longest permission or process time from zero to build a new renewable plant in terms of permissions.”

He compared the process to that of the US, which he claims is more focused on awarding permits. “I see more motivation in the US to speed up (these processes) compared to Europe.” This issue is also expected to be targeted by the EU’s Grid Package presented in December.

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US, Mexico agree to begin talks on USMCA reforms, timing unclear

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US, Mexico agree to begin talks on USMCA reforms, timing unclear
  • Greer, Ebrard discuss stronger rules of origin for trade pact
  • US, Mexico, Canada face July 1 review to decide future of USMCA
  • Canada’s role in talks unclear as US-Canada relations sour

WASHINGTON, Jan 28 (Reuters) – U.S. Trade Representative Jamieson Greer and Mexican Secretary of Economy Marcelo Ebrard agreed on Wednesday to begin formal discussions on possible reforms to the United States-Mexico-Canada trade agreement, Greer’s office said.

Possible reforms for the USMCA Joint Review include stronger rules of origin for industrial goods, more collaboration on critical minerals, increasing efforts to defend workers and producers, and U.S.-Mexican efforts to combat “the relentless dumping of manufactured goods in our region,” the USTR’s office said in a statement.

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USTR gave no details on timing for the talks and its statement did not say whether Canada would be involved. A USTR spokesperson did not immediately respond to a request for clarification.

Under the trilateral trade deal that took effect in 2020, the U.S., Mexico and Canada must launch a joint review of the trade pact by July 1, its sixth anniversary, to confirm their intention to renew it for a 16-year period or make modifications, in what USTR has described as a “sunset clause.”
Greer told lawmakers, opens new tab in December the USMCA’s “shortcomings are such that a rubberstamp of the agreement is not in the national interest” of the U.S. He has said the pact is not equipped to deal with surges of exports and investment from non-market economies such as China into the region.
U.S. President Donald Trump has been more blunt, saying this month that the trilateral trade pact was “irrelevant” for the U.S. despite a highly integrated North American economy.

After Wednesday’s meeting, Ebrard called the discussion positive in a social media video, and said the two sides talked about next steps for the USMCA and covered new U.S. tariffs, including those affecting Mexico’s auto exports to the U.S.

“This year it has to be reviewed, as you know,” Ebrard said of USMCA. “We have already moved forward on many issues so that the review goes as quickly and as well as possible.”

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USMCA has shielded Mexico from the bulk of President Trump’s tariffs, as goods that comply with its rules of origin can enter the U.S. duty-free.

Mexico’s Economy Ministry on Wednesday reported that the country’s exports reached a record high of nearly $665 billion in 2025, growing 7.6% from the previous year, citing data from the national statistics institute. The United States accounted for 83% of the exports, followed by Canada at 3%, China at 2%, Germany at 1% and South Korea at 1%, according to the report.

THREATS TO CANADA

U.S. trade relations with Canada have worsened over the past week with President Trump last weekend threatening to slap 100% duties on Canadian goods if Ottawa proceeds with a limited trade deal with China that is expected to allow imports of up to 49,000 Chinese-made electric vehicles.

U.S.-Canada trade relations had already soured even before Canadian Prime Minister Mark Carney made a speech at the World Economic Forum that angered Trump.

Carney on Wednesday in comments to lawmakers denied that he has retreated from his speech in Davos, Switzerland, in which he urged nations to accept the end of the rules-based global order that Washington had once championed.

This drew criticism from U.S. Treasury Secretary Scott Bessent, who cautioned Carney against picking a fight with the U.S. as the USMCA review approaches.

Bessent said on CNBC television that Carney “rose to power on an anti-American, anti-Trump message, and that’s not a great place to be when you’re negotiating with an economy that is multiples larger than you are and your biggest trading partner.”

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Reporting by David Lawder in Washington, Costas Pitas in Los Angeles and Brendan O’Boyle; Additional reporting by Iñigo Alexander in Mexico City; Writing by David Lawder and Ryan Patrick Jones; Editing by Tom Hogue

Our Standards: The Thomson Reuters Trust Principles., opens new tab

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UK reopens Chagos Islands talks with US following Trump criticism of deal: reports

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UK reopens Chagos Islands talks with US following Trump criticism of deal: reports

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Talks between the U.K. and the U.S. over the future of the Chagos Islands in the Indian Ocean have reportedly reopened after President Donald Trump’s comments cast doubt over an agreement that would see Britain hand sovereignty of the strategically vital archipelago to Mauritius.

British Prime Minister Keir Starmer confirmed Wednesday that the U.K. had reopened discussions after the president had panned the deal and branded it an “act of great stupidity,” GB News reported.

“Shockingly, our ‘brilliant’ NATO Ally, the United Kingdom, is currently planning to give away the Island of Diego Garcia, the site of a vital U.S. Military Base, to Mauritius, and to do so FOR NO REASON WHATSOEVER,” Trump had posted on Truth Social. “There is no doubt that China and Russia have noticed this act of total weakness.”

He added: “The UK giving away extremely important land is an act of GREAT STUPIDITY, and is another in a very long line of National Security reasons why Greenland has to be acquired.”

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TRUMP WARNS US CAN NO LONGER THINK ‘PURELY OF PEACE’ AS HE PUSHES FOR GREENLAND CONTROL

Diego Garcia, the largest island in the Chagos archipelago and site of a major United States military base in the middle of the Indian Ocean, was leased from the UK in 1966. (Reuters)

The Chagos Islands were separated from Mauritius during Britain’s decolonization process, a move the International Court of Justice ruled unlawful in 2019. 

The U.K. later agreed to transfer sovereignty while leasing Diego Garcia back for at least 99 years at a cost of at least $160 million annually.

Diego Garcia is a hub for long-range bombers, logistics and power projection across the Middle East, the Indo-Pacific and Africa. 

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Around 2,500 military and civilian personnel, mostly American, are stationed there. The base serves as a critical operation point for the U.S. and plays a central role in intelligence gathering and securing military communications.

Speaking aboard a flight to China, Starmer said he had “discussed Chagos with Donald Trump a number of times,” but declined to confirm whether the issue had been raised during a phone call between the two leaders on Sunday, The Financial Times reported.

TRUMP’S ‘SMALL ASK’ FOR GREENLAND WOULD BE THE REAL ESTATE DEAL OF A LIFETIME

British Prime Minister Keir Starmer says he “discussed Chagos with [President] Donald Trump a number of times.”  (Leon Neal/Getty Images)

Starmer also said the matter “has been raised with the White House at the tail end of last week, over the weekend and into the early part of this week.”

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Starmer also added that when the Trump administration took office, the U.K. paused the agreement for three months to allow the U.S. time to assess the deal at the agency level.

“Once they’d done that, they were very clear in the pronouncements about the fact that they supported the deal, and there were announcements made,” he said.

A Downing Street spokesperson also confirmed London was working to “allay any concerns” in Washington, according to GB News.

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“We will continue to engage with the U.S. on this important matter and the importance of the deal to secure U.S. and U.K. interests and allay any concerns, as we’ve done throughout the process,” the spokesperson said.

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Trump’s comments on the Chagos deal had been welcomed by Reform UK leader Nigel Farage, who wrote on X: “Thank goodness Trump has vetoed the surrender of the Chagos islands.”

Fox News Digital has reached out to the White House and Downing Street for comment.

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Syria grants immediate citizenship to Kurds in wake of gains against SDF

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Syria grants immediate citizenship to Kurds in wake of gains against SDF

Interior Minister Anas Khattab’s order includes all listed as stateless and sets February 5 as deadline for its rollout.

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Syria’s Ministry of Interior has ordered the immediate implementation of a new decree granting citizenship to Kurdish minorities, as government forces continue to consolidate control of the country after a rapid offensive against the Kurdish-led Syrian Democratic Forces (SDF) in the north of the country.

Interior Minister Anas Khattab issued the decision on Wednesday, mandating that the decree applies to all Kurds residing in Syria and explicitly includes those listed as stateless, the Anadolu news agency reported, citing the Syrian television station Alikhbariah.

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The ministry has set a February 5 deadline for finalising the measures and their rollout, the report said.

Two weeks ago, Syrian President Ahmed al-Sharaa had declared the recognition of Kurdish as one of the country’s national languages and the restoration of citizenship to all Kurdish Syrians, as he announced a ceasefire between Syrian and Kurdish forces.

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The rapid advance of Syrian forces forced the SDF to withdraw from more cities, including Raqqa and Deir Az Zor, allowing the government in Damascus to unite the country after a nearly 14-year-long ruinous civil war.

The development has drawn praise from United States President Donald Trump, who told al-Sharaa that he was “very happy” about the Syrian army offensive despite the previous US backing of the SDF.

Still, there have been reports of Kurdish civilians facing a shortage of food and displacement as a standoff between Syrian forces and the SDF continues in the country’s northern region.

According to the Anadolu report, the authorities in charge of rolling out al-Sharaa’s order have been asked to draft instructions and guidelines for the decree’s implementation at once.

Under al-Sharaa’s decree, the state has also been instructed to safeguard the culture and language of Syrian Kurds, as well as the teaching of the Kurdish language in public and private schools in Kurdish-majority areas.

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The decree has also designated March 21 as the date of the Newroz festival, a nationwide celebration welcoming spring that is widely observed, not just in Syria.

On Wednesday, al-Sharaa met Russian President Vladimir Putin in Moscow to discuss the future of Syria and the presence of Russian troops in the country.

At the meeting, Putin praised his Syrian counterpart’s ongoing efforts to stabilise his country.

Since al-Sharaa’s forces toppled Russian ally Bashar al-Assad in December 2024, Moscow has been working to build relations with him and ensure a continued military foothold in the country to bolster its influence in the Middle East.

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