17:30 - 19:00 29 January 2013
Location: UCL Energy Institute
Energy: a sector in transition
Balancing the World Energy Trilemma in a context of uncertainty
Or: What keeps Energy Leaders awake at night
The World Energy Trilemma
Even with improvements in energy efficiency global energy demand will at least double by 2050. This is the consequence of global population growth, global economic growth, continued urbanization, as well as the increased demand on mobility and other energy dependent services. During the same period global greenhouse gas emissions will need to be reduced by half. And, there are still 1.3 billion people without access to electricity. These three challenges constitute the World’s Energy Trilemma as improving one will often come at a cost for another.
Increased uncertainty and complexity
What seemed unimaginable two decades ago has become reality: energy is again on the top of the political agenda and has in many countries – Japan, Russia, or Germany – become a priority issue for prime ministers or even Presidents. The post Fukushima nuclear future, the game changing shale gas, supply uncertainty and price volatility related to the “Arab Decade”, the shift of demand to East, tumbling solar cell prices and related trade disputes between Europe (or US) and China, climate framework uncertainty, but also the global recession are rocking the foundation of what many believed two decades ago to be a steady roadmap into our energy future.
As a result of these challenges and in a context of high uncertainty and increasing complexity the global energy sector will need an investment of half a World GDP over the next two decades in order to expand and adapt the energy infrastructure. In the absence of global institutions and regulations on energy or climate policy which would guide such a transition, the main policy decisions remain in the authority of national and sometimes sub-national decision makers. The breaking down and benchmarking of the Energy Trilemma to national policy frameworks is the World Energy Council’s contribution to inform and guide policy makers around the world in their efforts to ensure adequate energy policy frameworks are developed.
About the speaker
Christoph Frei is Secretary General of the World Energy Council (WEC) and titular professor at EPFL, Switzerland. He will present developments from WEC’s recently completed issues survey from its more than 90 national member networks around the world. This provides a unique snapshot of the global energy agenda, and captures recent changes in what keeps energy leaders awake at night. Building on this insight, he will discuss WEC’s perspective on key global drivers, and present WEC’s Energy Tilemma Index.
The World Energy Council
The World Energy
Council is a global body representing more than 3000 organizations from
governments, private and state corporations, academia, and other
stakeholder organizations, from over 90 countries around the world. Its
mission is to promote the sustainable supply and use of energy for the
greatest benefit of all. Its primary focus is to promote policies and
strategies that promote transition the current state of energy supply,
conversion and end use, towards an environmentally sustainable future.
This includes defining current key issues, and promoting development and
monitoring effectiveness of both short-term and long-term strategies
We expect this event to be extremely popular, and places will be on a first come first served basis. If you are no longer able to attend please email email@example.com
The presentation will promptly start at 5.30pm and will be followed by drinks and nibbles at 6.30pm and the opportunity to network.