This week’s North Sea conference is a “nice answer” to Trump’s statements at the World Economic Forum in Davos, Germany’s economy minister, Katherina Reiche, told reporters. The nations aim to jointly develop 100 gigawatts (GW) of offshore wind capacity by 2050 — the bloc’s climate-neutrality target — while strengthening protections for energy infrastructure, Bloomberg News reported on Friday. Ed Miliband, the UK’s energy secretary, said clean energy could get the nation “off the fossil fuel rollercoaster and give us energy sovereignty and abundance”. The North Atlantic Treaty Organization and the European Commission are also taking part, with Iceland joining despite not being a North Sea nation. Oil and gas extraction in the North Sea accounts for more than 9% of historical global greenhouse gas emissions, said climate non-profit 350.org, citing calculations by Oil Change International.

Source: The Edge Markets January 26, 2026 12:09 UTC