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CONTENTS. One example each Regulatory issue Standard-setting issue Why these issues are important What is ECE’s interest/role Procedures, method of work, etc. REGULATORY ISSUE. Opening up and liberalization of natural gas and electricity markets. ENERGY POLICY PARADIGM SHIFT.

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contents
CONTENTS
  • One example each
    • Regulatory issue
    • Standard-setting issue
  • Why these issues are important
  • What is ECE’s interest/role
  • Procedures, method of work, etc.
regulatory issue
REGULATORY ISSUE

Opening up and liberalization

of

natural gas and electricity markets

energy policy paradigm shift
ENERGY POLICY PARADIGM SHIFT
  • Prior to mid-1990s
    • Characterized by economies of scale
    • Inherent monopolies (natural gas & electricity)
    • Government guidance/supervision
  • Post mid-1990s
    • Market liberalization in buying and selling
    • Transport and distribution infrastructure: inherent monopoly
eu common rules
EU COMMON RULES
  • Market opening (timing & level of opening)
  • Unbundling (Chinese walls, legal, ownwership)
  • Third party network access
  • Tarification, transparency
  • Regulatory systems
profound impact
PROFOUND IMPACT
  • Liberalization & re-regulation
  • Market and industry structures
  • Nature of competition
  • How business is conducted
  • Behaviour of governments
  • Problems & concerns
unece s role interest
UNECE’S ROLE/INTEREST
  • Assess & understand transformation/ potential implications
  • Dialogue and exchange experiences
  • Transfer EU country experience to non-EU countries
  • Approach:
    • Reports, studies, etc.
    • Addressed by Cttee, WP, Ad Hoc Experts, Workshops
    • 2 UNECE Gas Centre Task Forces
      • EU Directives
      • Transportation issues
performance to date
PERFORMANCE TO DATE
  • Significant market opening
  • Incomplete liberalization (EU)
    • 17 countries notified
    • 5 under active investigation (anti-competitive behaviour)
  • Efficiency gains/lower prices?
  • Concerns
    • Consolidation
    • National champions
    • Regulatory diversity
standard setting
STANDARD SETTING

United Nations Framework Classification

For

Fossil Energy and

Mineral Reserves and Resources

what is the unfc
WHAT IS THE UNFC?
  • Classification system for Fossil Energy and Mineral Reserves & Resources
  • Framework to harmonize existing terminologies & definitions
  • Simple, universally applicable scheme for classifying and evaluating
  • Flexible system for application at global, national, industrial, institutional or financial level
un framework classification unfc

Classification

Principles

Total in-place

Field project status and feasibility

Economic and commercial viability

Geological knowledge

  • G1 Reasonably assured
  • G2 Estimated
  • G3 Inferred
  • G4 Potential
  • E1 Economic
  • E2 Potentially economic
  • E3 Intrinsically economic
  • F1 Justified
  • F2 Contingent
  • F3 Undefined
UN Framework Classification (UNFC)
why the unfc
WHY THE UNFC?
  • Enhance international communications
  • Support business processes & improve efficiency of resource management
  • Facilitate international financial reporting
  • Enhance security of energy supplies (transparency) & associated financial resources
history of unfc
HISTORY OF UNFC
  • Initiated in 1992
  • 1997 ECOSOC resolution for mineral and solid fuels (60 countries tested or using)
  • 2004 ECOSOC resolution for Fossil Energy and Mineral Resources (to apply system worldwide)
  • Develop one common global code for energy & minerals (incl. definitions, specifications, guidelines)
  • Plus institutional governing structure to keep UNFC relevant & updated
stakeholder participation or support
STAKEHOLDER PARTICIPATION OR SUPPORT
  • Governments, incl. G7 Ministers of Finance and Governors of Central Banks, NGOs and business community/private sector
  • International organizations/ associations, incl. IAEA, IEA, IEF, OPEC, WEC and WPC.
  • Professional associations incl. AAPG, CRIRSCO, EFG, IASB, IOSCO, IVSC and SPE.
ahge bureau
AHGE BUREAU
  • Norway (1), Russian Federation (1) & US (1)
  • NGO (1) & private sector (2)
  • OPEC (1)
  • Combined Reserves International Reporting Standards Cttee (CRIRSCO) (1)
  • Society of Petroleum Engineers (SPE) (1)