Connect with us
DAPA Banner

NewsBeat

How a grassroots UK campaign sparked a multi-billion-dollar exit from public fossil fuel finance

Published

on

How a grassroots UK campaign sparked a multi-billion-dollar exit from public fossil fuel finance

In 2021, dozens of governments quietly agreed to stop using public money to finance fossil fuel projects overseas.

Their pledge – now known as the Clean Energy Transition Partnership (CETP) – has helped drive a 78% reduction in public finance for fossil fuel projects among signatory countries.

What makes this especially striking is where the idea came from: a grassroots campaign in the UK initially targeting the government’s export credit agency.

With governments withdrawing from climate commitments, and some administrations – most notably Trump’s – tying them to security and trade deals, international climate cooperation is increasingly fragile. Yet the CETP stands out as a genuine success among a litany of failed international climate initiatives. My new research set out to understand what made it such a success.

Advertisement

Climate policy (and campaigning) is messy

Many assume that international climate commitments emerge from polite diplomatic negotiations, with small changes accumulating over time. The reality is far messier. Domestic and international climate policy is fiercely contested and victories are only ever provisional, with each settlement shaping the terrain for the next battle.

My research, based on interviews with campaigners and policymakers, shows that the partnership came about through a series of political confrontations – “battle-settlement events” in the academic lingo – moments when activists, governments and institutions clashed and new compromises emerged.

The CETP traces back to a UK grassroots campaign from 2017 onwards led by environmental and human rights campaign organisations including Global Witness and Oil Change International, partly inspired by a parallel European push targeting the European Investment Bank over its fossil fuel financing.

Campaigners initially pushed for a full fossil fuel phase out. However, they soon switched to a more strategic target: UK Export Finance (UKEF). They saw this as a more achievable battle that would provoke less resistance from industry and politicians.

Advertisement

UKEF is a government agency that helps UK companies sell goods and services abroad. It provides loans, guarantees or insurance to reduce the financial risk of exporting.

UK Export Finance sits in the same building as HM Treasury – seen here after an Extinction Rebellion ‘blood on hands’ protest – but actually reports to the business secretary.
Waldemar Sikora / Alamy

Campaigners built up evidence and pushed parliament to investigate. The resulting 2019 House of Commons committee report found that 96% of UK Export Finance’s energy sector support went to fossil fuel projects, predominantly in low- and middle-income countries, and called for a halt by 2021. Despite these damning findings, Theresa May’s government initially refused to budge.

So campaigners upped the ante. They drew attention to the contradiction between the UK’s climate leadership rhetoric and its public funding of fossil fuel projects linked to conflict and displacement overseas. Former UN secretary-general Ban Ki-moon weighed in to urge the UK to “recalibrate its export finance policy”, while activists from the climate campaign group Extinction Rebellion covered the Treasury in red paint to symbolise its claims the government was complicit in violence and suffering. People I interviewed who were involved at the time said this created “insurmountable pressure” on the government to act.

Advertisement

The Cop spotlight

The announcement in August 2019 that Glasgow would host a major UN climate summit transformed the campaign. The summit, known as Cop26, became an opportunity to both expose the gap between UK climate ambition and its export policy, and to use any domestic win as a launchpad for coordinated international action.

The government felt it too. The then prime minister, Boris Johnson, wanted to use the summit to cement his image as a climate-friendly conservative, and a restructured “Cop Unit” within the Cabinet Office had genuine agency to develop ambitious policy ideas and secure buy-in across government.

Though Cop26 was delayed until 2021 due to COVID, this gave campaigners more time to build internal support and sustain the narrative that the UK government was a “climate hypocrite” in reputable outlets like the Financial Times and The Times. Johnson’s government eventually conceded, announcing a unilateral ban on public finance for overseas fossil fuel projects in December 2020. Given that his government was simultaneously consumed by Brexit and internal power struggles, it was a massive achievement.

Glasgow and beyond

With the UK ban secured, attention turned to getting other countries on board. The Cop Unit used the UK’s diplomatic relationships to convince other governments to make similar commitments at Cop26, pointing to the UK ban as proof of concept.

Advertisement
person holds 'don't cop out' placard

Protesters outside the UN climate summit in Glasgow, November 2021.
Toby Parkes / shutterstock

On the conference floor, campaigners and UK officials played ambitious governments off each other in a spirit of friendly competition. Those I interviewed for my research noted that some countries signed up before fully understanding what was required, causing some delegations to get a shock when they realised.

As the summit closed, 34 countries and five public finance institutions signed the Glasgow Statement on aligning international public finance with climate change goals. Signatories to this statement, which would go on to become the CETP, included major fossil fuel funders like Canada and the US.

Walking the talk

Then came the hard part. Keeping up momentum meant regular meetings with signatories to troubleshoot implementation, while domestically the initiative had to survive an attempt by Liz Truss’s short-lived government to kill it altogether. That threat was repelled, and arguably strengthened the initiative by reinforcing signatories’ commitment.

Implementation remains uneven. Most signatories have ended or curtailed fossil fuel finance, and the CETP has cut between US$11.3 billion (8.4 billion) and US$16.3 billion in annual public finance to fossil fuel production.

Advertisement

But the critical counterpart – scaling up public finance for clean energy – has lagged badly. The CETP’s own data shows clean energy financing actually fell between 2022 and 2023. The US has since exited under Trump and some signatories, including Italy and Switzerland, are still way behind on both stopping fossil finance and scaling up finance for renewables.

Yet the CETP’s impact is real. It has redirected tens of billions away from projects that would have locked in fossil fuel infrastructure for decades, and demonstrated that coordinated civil society pressure can shift both domestic policy and international norms. In a political environment where climate ambition is being systematically dismantled, that matters.

The partnership’s future is uncertain. But its journey – from a small UK campaign targeting export finance to a global coalition of governments – shows that domestic activism can still lead to ambitious and durable policy change.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

NewsBeat

Scarborough allotments ‘abandoned, derelict, or unused’

Published

on

Scarborough allotments 'abandoned, derelict, or unused'

​Since its creation last year, Scarborough Town Council has been in ​“ongoing discussions” regarding the transfer of North Yorkshire Council-managed allotment sites to the parish authority.

​Following an inspection of allotments in the town, councillors have said that any transfer of the allotment sites is conditional on agreeing a “fully costed and funded remediation package” or NYC undertaking necessary remedial works prior to their transfer.

​At a full meeting of the town council on Thursday, April 2, members were told that while dozens of plots are abandoned and unused, 340 people are on waiting lists for allotments in Scarborough.

​Cllr Sarah Mason placed on record “serious concerns regarding the historic and ongoing management of allotment sites within the Scarborough area and the implications this has for any proposed transfer of responsibility from North Yorkshire Council”.

Advertisement

Scarborough Allotments. Sarah Mason/Stc.

​Speaking at the full meeting, she said: “I have undertaken a recent walkabout and inspections across all five sites, and it has revealed a pattern of long-term neglect, unclear tenancy arrangements, unmanaged risks and a significant number of plots are unused or abandoned despite long waiting lists”.

​She said that one site contained “significant amounts of rubbish, including asbestos sheeting”.

​Cllr William Stuart noted that “there are some very good allotment holders in Scarborough who are really committed and they are just as frustrated as we are”.

​A motion approved at the meeting noted the financial, compliance, legal, operational, and reputational risks that the town council faced if an immediate transfer of allotments was undertaken.

Advertisement

Scarborough Allotments.. Sarah Mason/Stc.

​It stated that in their current state, the sites could not be considered fully fit for transfer without substantial remedial works or a funded plan to address the highlighted issues.

​Cllr Mason told colleagues: “There is one structure of concern on a plot which is predominantly made with asbestos sheets and is on the verge of collapse, and this has been requested on numerous occasions to be removed.

​“No regular checks have been carried out, even though this is part of the contract to the plot holders.”

Scarborough Allotments,. Sarah Mason/Stc.

​She added: “Across all sites, we have observed long-term neglect of maintenance, large numbers of unused or abandoned plots and unclear boundaries between plots, poor communication with plotholders and severe lack of management regarding clear tenancy terms, boundaries, responsibilities, and implementation”.

Advertisement

​Town councillors pledged to send a formal letter to North Yorkshire Council setting out the authority’s findings and concerns and requesting “full documentation and clarification of responsibilities and seeking a clear proposal for remediation and/or funding prior to transfer”.

Source link

Advertisement
Continue Reading

NewsBeat

Crews called to ‘deliberately’ lit bonfire on Whitby beach

Published

on

Crews called to 'deliberately' lit bonfire on Whitby beach

At 8.51pm, the Whitby crew attended a fire on the beach at Tate Hill. Shovels were used to extinguish the fire.

Then at 9.41pm, the crew re-attended the fire on the beach which had been attempted to be relit, crews dismantled the bonfire using spades and sand.

A spokesperson for North Yorkshire Fire and Rescue said: “The fire was believed to have been caused deliberately.”

Advertisement

Source link

Continue Reading

NewsBeat

Flavor Flav, a longtime supporter of women’s sports, is courtside at Final Four

Published

on

Flavor Flav, a longtime supporter of women's sports, is courtside at Final Four

Flavor Flav was among the celebrities in attendance at the women’s Final Four on Friday night, sitting courtside for the UConn-South Carolina game with former Gamecocks player Aliyah Boston.

Flav, a founding member of the hip-hop group Public Enemy, is also friends with Gamecocks coach Dawn Staley.

The 67-year-old Flav is a longtime supporter of women’s sports and attended various Olympic competitions this winter. He invited the U.S. women’s ice hockey team to Las Vegas after their gold medal win in February, shortly after the women turned down a trip to Washington.

___

Advertisement

AP March Madness bracket: https://apnews.com/hub/ncaa-womens-bracket and coverage: https://apnews.com/hub/march-madness

Source link

Continue Reading

NewsBeat

After 16 years in power, can Viktor Orban finally be unseated?

Published

on

After 16 years in power, can Viktor Orban finally be unseated?

A slight figure in neat shirts and jackets, Magyar seemed too slick and urbane to reach the hearts of the rural electorate, but has proven himself a strong challenger. Orban, 62, is a village boy who speaks village Hungarian, Magyar is a Budapest lawyer by training. Conscious that his status as a member of the metropolitan elite may make him less likely to appeal to rural voters, Magyar has toured the countryside indefatigably for the past two years, drawing large crowds. Unlike Orban, who waxes lyrical on global politics, Magyar focusses on domestic issues such as healthcare, education, transport and rural depopulation in his speeches.

Source link

Continue Reading

NewsBeat

Two in hospital after ‘large disturbance’ at Liverpool DJ event in Newsham Park

Published

on

Manchester Evening News

Two men suffered head injuries at the Newsham Park Hospital venue with around 15 police cars and ambulances attending the scene

Two people have been taken to hospital following a “large disturbance” at an event on Friday evening.

Police were called to a premises at Newsham Park Hospital on Orphan Drive in Liverpool just after 9pm on Friday, April 3, Liverpool Echo reports.

Advertisement

Officers confirmed two men sustained head injuries and were taken to hospital, while the venue was evacuated. Witnesses described a significant emergency response, with around 15 police cars and ambulances descending on the scene as an event was taking place inside the former asylum building.

The incident brought an abrupt end to a live set by DJ D.O.D, which had been due to continue until 10pm. Footage from inside the venue captures the moment the music was halted, as a man on stage told the crowd: “Ladies and gentlemen, unfortunately due to an incident we have to stop,” prompting boos from those in attendance.

As attendees made their way out of the venue, many reported witnessing a substantial emergency presence, with police vehicles and ambulances lining the surrounding streets.

One event-goer described the moment the night was cut short. He said: “We were all stood there and it was coming up to 9pm. We were waiting for his bangers to be played and then he just cut it short and said ‘due to an incident we need you all to get out. We won’t be playing anymore.’

Advertisement

“Then we all started booing and it just went from 0 to 100 after that.” Following the incident, DJ D.O.D apologised to fans on social media, saying: “Liverpool I’m so sorry the show was cut short, there were multiple incidents in the crowd which led to the police shutting down the show.”

“This is the last thing I wanted but your safety means more to me than carrying on the show. Music is about coming together. Hope to see you all again soon.”

Officers departed the scene at around 10.30pm. Enquiries are ongoing.

Advertisement

Anyone with information can contact Merseyside Police social media desk via X @MerPolCC or on Facebook ‘Merseyside Police Contact Centre with log 930 of Friday 3 April.

You can also report information via the police website: https://www.merseyside.police.uk/ro/report/ocr/af/how-to-report-a-crime/ or call 101.

Alternatively, contact the independent charity Crimestoppers anonymously on 0800 555 111, or via their website here: https://crimestoppers-uk.org/give-information/forms/give-information-anonymously. In an emergency always call 999.

Source link

Advertisement
Continue Reading

NewsBeat

These are the changes a Zelda: Ocarina Of Time remake has to make – Reader’s Feature

Published

on

These are the changes a Zelda: Ocarina Of Time remake has to make - Reader’s Feature
How do you remake one of the best games ever? (Nintendo)

With Nintendo rumoured to be planning a remake of one of their most beloved video games, a reader suggests a number of changes for a modern version of Zelda: Ocarina Of Time.

Nintendo don’t make a lot of remakes, but it’d be wrong to say they don’t ever do them. They are usually for more minor games though, like Super Mario RPG and a few Kirby games. It’d also be wrong to say there are never leaks about their upcoming games. It’s not common, unlike with other publishers, but it does happen – with Donkey Kong Bananza having been leaked years ahead of time, even if the information was a bit vague.

The latest leak didn’t really have any information though, beyond the fact that a remake of Zelda: Ocarina Of Time is coming. There’s no hint of who’s making it or how far it’ll go in changing things. Will it be a Resident Evil 2 style deal or something closer to the 3DS version of Ocarina Of Time, which was really just a remaster.

I have no idea, but naturally I’m hoping it’s as big budget an effort as possible, which seems likely if it’s supposed to be their key Christmas game. If it is that kind of effort though that implies changes – just like the Resident Evil remakes – and I have some ideas for what they could be.

Advertisement

I will say from the start, that I’m hoping the changes will be relatively minimal. I don’t think there’s any need to change the combat or (with one exception) the dungeon designs, but there is a lot of fine tuning that would be useful. However, another thing I don’t want them to change is the creepiness and weirdness of the game, which is more extreme than most of the modern ones – so it’ll need actually scary ReDeads and keeping the Forest Temple as it is.

The first change I’d make is simple: voice-acting. The most recent games have been slowly adding more but while I absolutely agree that Link shouldn’t talk everyone else should. It just spoils the immersion when they don’t, and I don’t believe they have it that way for any reason other than Nintendo don’t like spending money on actors.

Expert, exclusive gaming analysis

Sign up to the GameCentral newsletter for a unique take on the week in gaming, alongside the latest reviews and more. Delivered to your inbox every Saturday morning.

Advertisement

Another big decision is the art style. It’s hard to tell whether the original was meant to be photorealistic or not, given the limited tech, but while it’s close I’d say it was stylised a bit and it should stay that way. Looking at character faces in particular, you can see a subtle cartoonish effect and I’d like them to keep that.

Some basic changes would be making Hyrule Field bigger and/or filled with more things and generally ensuring that the whole game is just one big open world, just with the same design as the original. That should be no problem given the last two games.

Advertisement

One of the biggest problems I can foresee is that Ocarina Of Time is a lot more complicated than a modern game, especially in terms of dungeon puzzles. It wasn’t considered particularly hard at the time but nowadays people aren’t going to be used to the lack of hand-holding.

The infamous Water Temple is going to flummox any younger gamer, so I think that either has to be changed or, and this would be my preference, they have alternative versions of the dungeons and maybe the game as a whole, with a lite mode that’s easier and simpler and the full fat version.

There’s a lot of other stuff that could be added, like new side quests (the original doesn’t actually have many), more monsters everywhere (again, there’s not many, which is probably because of the limitations of the N64), and maybe even a new dungeon (a lot of fans think there should’ve been a Light Temple).

On a story note, I’d also like some clarification on what happens to Navi at the end, hopefully leading into a tease about a Majora’s Mask remake. I never liked that her fate was never revealed.

Advertisement

Considering how beloved the game is and how many later ones copied it, especially Twilight Princess, I don’t envy whoever gets the job of doing the remake but I can definitely say that I will be there day one.

By reader Onibee

The Legend Of Zelda: Ocarina Of Time artwork of Link and main characters
Would a remake look more like the original’s artwork? (Nintendo)

The reader’s features do not necessarily represent the views of GameCentral or Metro.

You can submit your own 500 to 600-word reader feature at any time, which if used will be published in the next appropriate weekend slot.

Just contact us at gamecentral@metro.co.uk or use our Submit Stuff page and you won’t need to send an email.

Advertisement

Source link

Advertisement
Continue Reading

NewsBeat

Faced with new energy shock, Europe asks if reviving nuclear is the answer

Published

on

Faced with new energy shock, Europe asks if reviving nuclear is the answer

In 1990, Europe produced around a third of its electricity from nuclear power. That has now fallen to an average of 15%, leaving the continent “completely dependent on expensive and volatile imports” of fossil fuels, she said, putting Europe at a disadvantage compared with other regions of the world.

Source link

Continue Reading

NewsBeat

Price vs Pineiro: Date, fight time, undercard, prediction, how to watch, ring walks and latest odds

Published

on

Price vs Pineiro: Date, fight time, undercard, prediction, how to watch, ring walks and latest odds

She now faces WBA mandatory challenger Pineiro, the undefeated Puerto Rican southpaw with a perfect 10-fight pro record who has been the WBA’s interim champion since stopping Marie Pier Houle last year and then defeating Anahi Ester Sanchez.

Price is confident of continuing that winning streak and retaining her titles on home soil as she looks to secure a blockbuster showdown at middleweight with American superstar Claressa Shields, having grown tired of chasing an undisputed fight with WBO welterweight champion Mikaela Mayer.

Price vs Pineiro fight date and venue

Price vs Pineiro takes place on Saturday April 4, 2026 at Utilita Arena Cardiff in Cardiff, Wales.

Advertisement

Price vs Pineiro fight time and ring walks

Price and Pineiro are expected to be in the ring for Saturday’s main event at approximately 9pm BST, which is 4pm ET and 1pm PT in the United States.

The undercard is expected to get underway around 5pm BST (12pm ET and 10am PT).

Rhys Edwards and Gully Powar compete for the vacant British featherweight title in Cardiff

Advertisement

Getty Images

How to watch Price vs Pineiro

TV channel: In the UK, Price vs Pineiro is being shown live and free to air on BBC Two as part of promotional company Boxxer’s landmark broadcasting deal with the BBC, with coverage beginning at 8pm BST.

Live stream: The event is also available to watch online via the BBC Sport website and BBC iPlayer, where coverage gets underway at 5pm BST.

Advertisement

Price vs Pineiro undercard

Chief support on Saturday comes from Wales’ Rhys Edwards and Gully Powar of Wolverhampton, who battle for the vacant British featherweight title.

Lauren Price vs Stephanie Pineiro – for the WBA, WBC, IBF, IBO and The Ring women’s welterweight titles

Rhys Edwards vs Gully Powar – for the vacant British featherweight title

Advertisement

Kane Shepherd vs Teo Alin

Lewys Parfitt vs Morgan McIntosh

Kyran Jones vs Connor Goulding

Jacob Robinson vs Caine Singh

Advertisement

Mikey O’Sullivan vs Jose Manuel Perez

Yuvraj Karia vs Jake Pollard

Price is expected to face American superstar Claressa Shields later in 2026

Getty Images

Price vs Pineiro prediction

Advertisement

Price is a big favourite here for a reason. She has hardly skipped a beat in her impressive pro career so far and was far too good for the legendary Jonas last summer.

It’s important that she doesn’t overlook a tough opponent in Pineiro, but we see this as another straightforward stepping stone en route to the very biggest fights for Price – including that enormous clash with undisputed heavyweight champion Shields.

Source link

Advertisement
Continue Reading

NewsBeat

When is FA Cup draw? Start time, ball numbers, TV channel, live stream for semi-finals

Published

on

When is FA Cup draw? Start time, ball numbers, TV channel, live stream for semi-finals

The FA Cup semi-final draw takes place this weekend after all four quarter-final ties have been played.

At least one giant will fall as Manchester City host Liverpool in the standout tie, which kicks off the weekend.

Arsenal and Chelsea will hope for a smooth passage into the last four by beating Southampton and Port Vale, respectively.

West Ham are gunning for their first semi-final berth in 20 years, but face a tricky test against Leeds ahead of the draw.

Advertisement

When is the FA Cup semi-final draw?

The FA Cup semi-final draw will take place on Sunday April 5, 2026, after West Ham vs Leeds at the London Stadium.

The game kicks off at 4.30pm BST, so the earliest the draw can be held is around 6.45pm. Extra time and penalties would see the draw begin at around 7.15pm or 7.30pm.

Becky Ives will present the draw, which will be made by Ally McCoist.

Advertisement

TNT Sports presenter Ally McCoist will conduct the quarter-final draw

The FA via Getty Images

Where to watch FA Cup semi-final draw

TV channel: In the UK, coverage of the draw will be broadcast live on TNT Sports 1.

Live stream: You can also follow along online via the HBO Max app and website with a subscription, as well as on the TNT Sports YouTube channel.

Advertisement

Live blog: Follow the FA Cup quarter-final draw as it happens tonight with Standard Sport’s dedicated live blog.

FA Cup semi-final draw ball numbers

1. Southampton or Arsenal

When will FA Cup semi-final ties take place?

Advertisement

FA Cup semi-final matches are scheduled to be held across the weekend of April 25/26, 2026.

Source link

Continue Reading

NewsBeat

The world’s supply of helium is being threatened by the Iran war

Published

on

The world’s supply of helium is being threatened by the Iran war

The war in the Middle East has disrupted the world’s supply of helium. Qatar produces about a third of global helium, but attacks on its gas infrastructure have forced production to stop.

At the same time, Iran is blocking the Strait of Hormuz, one of the world’s busiest shipping channels, through which Qatar exports both natural gas and helium. Losing 30% of global helium could have major consequences for science, medicine and industry.

Helium is used to cool the superconducting magnets used in MRI (magnetic resonance imaging) scanners, which help diagnose conditions through high-resolution, 3D imaging of human tissues.

Superconducting magnets enable the sustained, intense currents needed for high resolution imaging. A superconductor is a material that conducts electricity with zero resistance (defined as the opposition to current flow in a material).

Advertisement

In order to do this, however, the magnets need to operate at extremely low temperatures.

Helium is the ideal coolant for these magnets because it has the lowest boiling point of any element: -268.9°C. At this temperature or below, helium is liquid and can be used to bathe the magnetic coils used by MRI scanners.

Some particle accelerators, such as the Large Hadron Collider at Cern in Geneva, also use liquid helium to cool their superconducting magnets. These magnets are used to bend and control proton beams.

The processors in quantum computers need to be cooled to similarly low temperatures in order to operate and, here too, helium is the coolant of choice.

Advertisement

A versatile element

Helium is used in computer chip production to displace oxygen and moisture within fabrication facilities, where conditions are tightly controlled to avoid contaminating delicate microprocessors.

The element is also used as a coolant during high-temperature stages of chip production. These include the etching process, where unwanted material is removed from semiconductor wafers – the substrates on which circuits are assembled.

Helium is used in the production of silicon wafers, a vital component of computer chip manufacturing.
Metamorworks / Shutterstock

In space rockets, the non-flammable gas is used to flush out fuel lines and to pressurise fuel tanks.

Welding and fibre optic production requires helium to create inert, controlled environments.

Advertisement

Helium’s value comes from physical properties that are very difficult to substitute. In addition to its low boiling point, which makes it an excellent coolant, helium is inert and extremely light.

Its tiny molecules make it ideal for detecting the smallest leaks in pipelines and equipment.

Despite being the second most abundant element in the universe, helium is extremely rare on Earth. It forms underground over billions of years from the radioactive decay of uranium and thorium.

Because it is lighter than air, it escapes easily into the atmosphere and eventually into space, making it effectively non-renewable.

Advertisement

Manufacturing helium

Unlike most resources, helium is rarely produced on its own. In Qatar and other countries, helium is produced as a by-product of liquefied natural gas (LNG) production.

That means the supply of helium depends entirely on the production of natural gas: when gas production drops, so does helium output.

This is exactly what has happened in Qatar, where attacks on gas facilities have suspended both gas and helium production.

Qatar’s helium is produced by its Ras Laffan facility –the largest liquefied natural gas plant in the world.
Hannibal Hanschke / EPA Images

Exporting helium is not simple. It requires highly specialised cryogenic containers to keep it extremely cold during transport. These shipments must pass through narrow trade routes such as the Strait of Hormuz, making the supply chain vulnerable to political conflict.

The specialised containers are insulated, but not refrigerated. This means that, due to the physical properties of helium, the element will escape from the containers over time.

Advertisement

Other countries have tried to develop helium production to reduce reliance on Qatar. Iran has worked to extract helium from its South Pars Gas Field, but sanctions have made this difficult. China, meanwhile, has been building the infrastructure to make its own helium and is prospecting for new reserves to diversify supply.

The US has the world’s largest helium reserves, stored in Amarillo, Texas. Originally established in 1925 to supply the airship industry, the reserve became a global strategic buffer that helped stabilise prices.

In recent decades, however, the US sold off much of the stockpile under the Helium Stewardship Act of 2013, reducing this safety net.

With semiconductor supply chains threatened, there is a risk that helium shortages could act as a constraint on the AI revolution. Taiwan, the global leader in chipmaking, has said that its stocks of helium are stable due to a diverse supply. South Korean officials, however, have said that the country’s supplies will run out until June.

Advertisement

Adapting to pressure

However, there are ways that countries could adapt to a squeeze in global helium stocks.

Stockpiling: keeping reserves of helium for critical applications.

Substitution: limiting helium use to applications where its unique properties are essential.

Recycling: recovering helium from industrial or scientific processes, though this is difficult because helium easily escapes containment.

Advertisement

Diversification: Expanding production in multiple countries and exploring new reserves, as China is currently doing.

These measures could help alleviate future fluctuations in helium supply. But none are quick fixes. That’s why the disruption to supplies caused by the situation in the Strait of Hormuz is being felt around the world.

Source link

Advertisement
Continue Reading

Trending

Copyright © 2025