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World Energy Trilemma

INSERT YOUR COMMITTEE LOGO HERE. World Energy Trilemma. Time to get real – the agenda for change. The World Energy Trilemma The Energy Sustainability Index Public and private stakeholder dialogue Agenda for Change. The World Energy Trilemma.

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World Energy Trilemma

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  1. INSERT YOUR COMMITTEE LOGO HERE World Energy Trilemma Time to get real – the agenda for change

  2. The World Energy Trilemma • The Energy Sustainability Index • Public and private stakeholder dialogue • Agenda for Change

  3. The World Energy Trilemma

  4. The world is far away from achieving sustainable energy systems • 1.2 billion people live without access to electricity • 2.8 billion people lack access to clean cooking facilities • Population growth from 7 to 9.3 billion people by 2050 • Energy demand is expected to increase between 27% and 61% by 2050 • CO2 emissions continue to grow • Cumulative investment needed: • US$ 19.3 to US$ 26.7 trillion by 2050 in electricity infrastructure alone

  5. World Energy Trilemma Report • Call for increased dialogue • 2012 report captured the views of more than 40 senior energy executives on what they need from policy • 2013 report captured the response of more than 50 governments, multilateral organisations and development banks • Work culminated at World Energy Congress in Daegu in October 2013 and in the Agenda for Change

  6. Energy Sustainability Index

  7. The diversity of energy profiles among the top performers illustrates the importance of policy

  8. Five profiles of the energy trilemma highlight common challenges

  9. The 2013 Index highlights an opportunity for developing countries

  10. Public and private stakeholder dialogue

  11. Develop a clear vision that encompasses a mix of energy sources and technologies

  12. In 2013 public decision makers agree with energy industry`s recommendations but point to an increasing policy complexity • Lack of global consensus on target profile of future energy system • Dynamics of changing energy supply and demand • Inherent difficulties in translating policy into effective regulations

  13. To meet the complexity, public stakeholders ask energy industry to help • Improve energy policy and regulation through greater dialogue, sharing knowledge and experiences • Increase energy investments and R&D through better risk alignment • Support least-developed and developing economies on a new path to energy sustainability

  14. Agenda for Change

  15. “We must accept that we have to make hard choices in this generation to bring about real changes for future generations and the planet. Politicians and the industry must get real.”

  16. Back up

  17. Recommendation 1:Define a coherent and predictable energy policy

  18. Recommendation 2:Enable market conditions that attract long-term investments

  19. Recommendation 3:Encourage public and private initiatives that foster R&D

  20. Recommendation 1Industry should proactively help improve energy policies and regulation Inform and engage public General Public Politically achievability? Industry Help policymakers through energy / technology expertise Government

  21. Recommendation 2: Increasing energy investment through better risk alignment …but call on industry to be less risk averse Policymakers agree it is their role to reduce political and regulatory risk… Country risk Energy and infrastructure investments Industry lead role in energy technology development and reducing costs Form coalitions to align their research plans and long-term goals Political risk insurance Regulatory & policy risk Working with development banks Lack of transparency Risks to investor Ways to mitigate

  22. Recommendation 3: The new path to sustainability: an opportunity for developing countries Support to government in four areas: • Creating attractive policy and regulatory frameworks • Generating opportunities for investment in “technically good projects” • Developing local human capital needed to establish and maintain an energy sector • Developing a path that recognizes the knowledge gap and sticks to locally adapting proven technology

  23. United States on rank 40 Signs of progress • Total primary energy intensity improved continuously over the past years and is better than world average • Emission intensity improved even more in the same timeframe and is close to world average. • Further improvements are to be expected in the near future, e.g., coal replaced by gas, GHG and fuel efficiency standards and so on

  24. Energy sustainability balance Asia

  25. Energy sustainability balance Europe

  26. Energy sustainability balance Latin America and the Caribbean

  27. Energy sustainability balance Middle East and North Africa

  28. Energy sustainability balance North America

  29. Energy sustainability balance Sub-Saharan Africa

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