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2016 World Energy Trilemma Report

EMBARGO: 01 June 2016 - 00.01 GMT Innovative investment policies the key to accelerating energy transition – World Energy Council Trilemma Report-       Policy and investment key to driving innovation -       Innovation key to drive progress on ‘sustainability’ element of Trilemma -       Energy innovation a key theme of the 2016 World Energy Congress The energy sector is at a transition point and faces a number of growing challenges. Innovative policies and technologies are the key to addressing these challenges according to a new report by the World Energy Council. The

Commodity prices and energy transition top 2016 World Energy Congress programme

· Key sessions include speeches from CEOs of Shell and Saudi Aramco, OPEC and UNFCCC leaders and a welcoming address from the President of Turkey · 4 day programme covers key issues such as the global commodity price storm, innovative business models, energy storage, and Ministerial dialogues addressing the grand transition and regional integration · Fourth day of the Congress opens with a powerful line up of African energy leaders, looking to securing a sustainable energy future for AfricaISTANBUL, 27th April 2016 The 23rd World Energy Congress, which is taking place in Istanbul,

Innovation and shift to a low-carbon energy market, biggest issues facing the World’s Energy Leaders - says new World Energy Council report

Embargo: 00.01am GMT - Friday 11 March 2016• Innovation - in particular issues of storage, market design and climate resilience have become increasingly important drivers of change • Commodity Prices and associated volatility have replaced energy prices as the number one critical uncertainty on the energy agenda for leaders and experts globally • Unconventionals have lost traction for industry leadership in the current price environment. However, the position of LNG remains stable. Beijing, China, Embargo 11 March, 00.01am GMT: Now in its seventh year, the World Energy Council’s

Unconventional gas is structurally changing global gas markets according to a new World Energy Council report

Johannesburg - Embargo 15 February 2016 10.01am GMT: The growth of unconventional gas is spreading across the world with major implications over many years for markets and prices according to a new World Energy Council study ‘Unconventional gas, a global phenomenon’ which looks at where and how fast the revolution is taking place. The study, developed with project partner Accenture Strategy , says that despite an uncertain price environment, the magnitude and speed of change is not only influencing the United States market, but also other

President of Ecuador to address energy leaders during First South American Energy Forum

Over 150 participants from 17 countries and 9 Ministers to discuss regional integration projects in Latin AmericaECUADOR, 10 September 2015 The first South American Energy Forum is being held in Quito, Ecuador on 10-11 September with the aim to promote regional integration. The Forum has been organised by the World Energy Council and the Union of South American Nations (UNASUR) and is supported by the Ministry of Electricity and Renewable Energy (MEER). Through panel discussions and keynote speeches, the Forum will highlight energy as the most important source for economic growth in

WORLD ENERGY COUNCIL ANNOUNCES NEW CHAIR

Ms Pirjo Jantunen elected chair of the World Energy Council Future Energy Leaders.Date: 3 July 2015 Ms Pirjo Jantunen, Environmental Adviser at Helen Ltd., from Finland, has been elected chair of the World Energy Council Future Energy Leaders, a community of young professionals who share a commitment to shaping the global energy future. Marie-José Nadeau, World Energy Council Chair, said: “Pirjo brings leadership and enthusiasm that will inspire young professionals to follow in her footsteps.  The challenges in the energy sector, such as climate change mitigation are global.  Having

2015 WORLD ENERGY TRILEMMA REPORT: AMBITIOUS CLIMATE FRAMEWORK NEEDED NOW, SAYS ENERGY SECTOR

· Global policy uncertainty is one of the biggest obstacles to gaining the $48-53 trillion of investment needed to address climate challenges. · Proactive engagement between climate negotiators and industry implementers will be essential to ensuring measures are deliverable and targeted. · The World Energy Council Report calls for a stable and meaningful climate framework, guided by clear emissions targets and a flexible approach to the different needs of countries.MERIDA, MEXICO, 27 MAY 2015: Development of a clear climate framework and a global emissions target is essential if

World Energy Council Report: Hydropower’s Big Surge - Set To Double by 2050

Embargo: 0.01GMT Tuesday 19 May 2015The global hydroelectric power market, which already represents 76% of all renewable global energy, has the potential to double to 2,000GW capacity by 2050 according to the World Energy Council Report  ‘Charting The Upsurge In Hydropower Development’ presented at the World Hydropower Congress in Beijing (19 May 2015).  This target could be achieved earlier than 2050, if governments and multilateral banks give help to emerging economies where hydropower resources are under-utilised and investors work with the sector to bring forward well-prepared projects.

The Netherlands joins the World Energy Council

4 March 2014, The Hague – The World Energy Council announces that the Netherlands will join as its newest member country today. The World Energy Council’s Dutch member committee aims to promote and support safe, affordable, and reliable energy transformation in the region.  As part of its work, it will provide a platform for all stakeholders to discuss and work on the future of energy while representing the Dutch perspective within national, regional and global energy debates.  Jeroen van Hoof, Chair of the World Energy Council’s Dutch member committee, commented: “Given the

World Energy Council to host energy ministerial in Johannesburg next week

African ministers to join energy leaders to address the energy trilemma and regional integration10 February, London and Johannesburg – The World Energy Council will be gathering African energy ministers and energy leaders at a high-level roundtable in Johannesburg next Tuesday, 17 February to discuss the way ahead for Africa’s energy future. The Indaba Energy Leaders’ Dialogue will take place within the backdrop of the Africa Energy Indaba, the World Energy Council’s annual regional event for Africa.  At the Dialogue 35 energy leaders, from government, international governmental

The “new normal”: Energy price volatility and climate framework uncertainty top concerns of global energy leaders

· World Energy Council report highlights the critical global and regional energy issues · Middle East & North Africa leaders also concerned by renewables, coal and LNGAbu Dhabi, 21 January 2015 – Energy leaders see energy price volatility and the future of a climate framework as their top critical uncertainties, according to the latest report by the World Energy Council. These two issues also top the list of concerns of energy leaders from the Middle East and North Africa (MENA), according to the report. Compared with last year, they see the uncertainties around a future climate

The “new normal”: Energy price volatility and climate framework uncertainty top concerns of global energy leaders

World Energy Council report highlights the critical global and regional energy issuesBerlin, 20 January 2015 – Energy leaders see energy price volatility and the future of a climate framework as their top critical uncertainties, according to the latest research by the World Energy Council. The 7th annual edition of the World Energy Issues Monitor, entitled “Energy price volatility: the new normal”, is a barometer of the top issues set to shape the energy sector for the year ahead. This year the report has gathered the views of more than 1,000 energy leaders, including ministers and chief

Utilities call for joint action to deliver universal access while reducing emissions

New Global Electricity Initiative report identifies the untapped opportunities for electricity utilities to further deliver a low-carbon futureCOP-20, Lima, Peru, 9 December 2014 – A joint adaptation and mitigation approach, new energy storage technologies, and stable policies along with a meaningful carbon price will be required if countries are to deliver universal access while reducing emissions. This is according to a new report by the Global Electricity Initiative (GEI), released at COP-20 today in Lima, Peru. The Global Electricity Initiative’s 2014 report, drawing on the views of

Media advisory

New report outlining the views of 80% of the world’s utilities on electricity access and carbon reduction will be launched at COP20 LimaPress conference – Global Electricity Initiative When: Tuesday, 9 December, 10.00 to 10.30am Where: Press Conference Room 2, in the main COP venue Philippe Joubert, Executive Chair of the Global Electricity Initiative, will reveal the findings of the Initiative’s new survey. The survey gathers the views of CEOs from the world’s major utilities covering 80% of global production on the challenges and successes of expanding electricity access and

Energy future hinges upon financing choices today, warns World Energy Council

Annual ranking of 129 countries finds number of AAA countries drops from five to three while four countries put on negative watch· Investment in energy is becoming ever more critical as energy systems come under stress · Funding challenge to become more acute with new rules, but alternatives exist · Developers must go beyond their comfort zones to unlock the US$48 trillion of energy investment 24 November 2014, Washington DC – The decisions that investors make today in the energy sector will make or break the sustainability of global energy systems for years to come, according to a

Abu Dhabi to host World Energy Council’s 2019 World Energy Congress

2016 Congress dates announced23 October 2014, Cartagena, Colombia – The World Energy Council (WEC) announces that Abu Dhabi has won the bid to host the 2019 World Energy Congress, the premier triennial gathering of the energy sector. The announcement follows a vote by the World Energy Council’s member countries in a meeting held late yesterday within the organisation’s annual Executive Assembly in Cartagena, Colombia. In a closely contested campaign Abh Dhabi beat Rio de Janeiro to become the site for the 24th World Energy Congress. Marie-José Nadeau, Chair of the World Energy Council,

New initiative to put numbers to the latest risks impacting energy investment

World Energy Council joins forces with Swiss Re Corporate Solutions and Marsh & McLennan Companies1 October 2014, London & Zurich – The World Energy Council (WEC) has launched a new initiative to help mobilise investments into the energy sector.  The WEC project, Financing Resilient Energy Infrastructure, will seek to understand how the energy and finance sectors can work together and with other sectors to better understand risk and uncertainty in energy infrastructure and thereby unlock the capital needed to accelerate the transition to a resilient global energy economy. Christoph

World Energy Council to host ministerial summit in Cartagena with the President of Colombia

25 ministers to gather in Colombia to discuss the energy trilemma and Latin American energy issues23 September 2014, Bogota and London – Twenty-five ministers from 23 countries will be gathering at the World Energy Council’s (WEC) World Energy Leaders’ Summit in Cartagena, Colombia on 23 October to hold talks over the future of energy in the Latin America and Caribbean region.  The Summit, to be co-hosted and attended by President Juan Manuel Santos of Colombia, will welcome energy ministers and energy department officials from Argentina, Belize, Bolivia, Brazil, Chile, Colombia, the

Ecuador joins the World Energy Council

27 August 2014, Quito – Ecuador has formally joined as a member country of the World Energy Council in a ceremony in Quito last Friday 22 August. In the ceremony, hosted by Dr Esteban Albornoz Vintimilla, Minister of Electricity and Renewable Energy, the World Energy Council formally welcomed Ecuador into its global energy leadership community.    Representing the World Energy Council, Dr Christoph Frei, Secretary General, commented on Ecuador’s energy achievements: “Ecuador has already achieved good energy performance in balancing the triple challenge of the energy trilemma: energy

World Energy Council and CACME to gather global and Latin American energy experts in Buenos Aires

Event to inform major global study on the future of energy for the region28 July 2014, Buenos Aires – The World Energy Council will be gathering senior energy strategists and key decision-makers from the Latin America and Caribbean (LAC) region and overseas in a workshop today in Buenos Aires to inform a major global energy study by the WEC.   At the event nearly 30 experts from the region will debate and discuss the most pertinent issues shaping the energy landscape of the Latin America and Caribbean region. The conclusions will inform the next phase of one of the WEC’s flagship studies,

Energy sector faces rising pressures from impacts of climate change, but mitigation and adaptation options exist

18 June 2014, Manila – The energy sector is facing increasing pressures from climate change. All segments of the industry will be affected by the changing global climate and the policy responses to it. This is according to a briefing published jointly today by the World Energy Council (WEC), the University of Cambridge Institute for Sustainability Leadership (CISL), the Cambridge Judge Business School, and the European Climate Foundation.  The briefing brings into sharp focus the energy-related findings of the Intergovernmental Panel on Climate Change (IPCC) Fifth Assessment Report (AR5)

UN Secretary-General to host first Sustainable Energy for All Forum (4-6 June)

Ministers, leaders from business and civil society to assess progress, chart way forward to reach targets on energy access, efficiency, renewablesUnited Nations, New York, 27 May – Momentum is building for the first annual Sustainable Energy for All Forum, to be held at United Nations Headquarters in New York on 4-6 June.  Over one thousand leaders, experts and energy practitioners are confirmed to participate, from government, business, international organizations and civil society groups, to review progress and share innovative solutions. Kandeh Yumkella, the Special Representative of

World Energy Council welcomes National Grid as Global Partner

20 May 2014, London – The World Energy Council (WEC) has welcomed National Grid as the newest member of its Global Partner programme. National Grid owns and runs energy networks in the UK and north-eastern US, delivering power and gas safely to millions of customers. The company joins the WEC’s community of Global Partners with the intention to work and share experiences with existing partners in addressing the ‘trilemma’ of challenges that currently face the energy sector – affordability, security of supply, and environmental sustainability. Dr Christoph Frei, Secretary General of

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