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World Energy Scenarios: Update

Following the series of regional workshops held throughout the world, the World Energy Scenarios work has finalised its consultative stage and is now entering a new major phase of its development work

Posted on 19 May 2016

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Future Energy Leaders push for greater diversity

The World Energy Council is pleased to welcome this year’s 35 new participants into its Future Energy Leaders (FEL) programme. The 100 energy leaders who are part of the FEL programme are highly motivated young professionals with a solid interest and proven track record in the energy sector with the potential to become a leader.

Posted on 19 May 2016

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Market Design Task Force present memorandum to European Commission

The World Energy Council’s European Market Design Task Force recently met with the Director General of the European Commission, Dominique Ristori, to present highlights of a memorandum on energy market designs.

Posted on 9 May 2016

3-4-touring a virtual nuclear reactor Idaho National Laboratory2

Focus: New paradigms for the nuclear energy sector

A wave of innovation is sweeping across the nuclear sector – so much so that it is difficult for financiers to pick winners at this stage. But the biggest innovation may come in the form of a new investment paradigm that involves private investors much more than in the past, writes specialised nuclear energy reporter Dan Yurman in the May issue of World Energy Focus, the World Energy Council’s magazine.

Posted on 3 May 2016

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Technology is the Future of Energy

The World Energy Council’s Co-chair Younghoon David Kim delivered a keynote speech at the 2016 DongA New Energy Innovation Conference in February in Seoul hosted by one of Korea’s most respected major dailies, The DongA Ilbo.  The speech, entitled “Technology is the Future of Energy,” covered recent discussions Co-chair Kim that had in Davos where […]

Posted on 18 April 2016

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Worldwide roll-out of new visual identity

Following extensive consultation with World Energy Council National Member Committees and with the approval of the Communications and Strategy Committee, the rollout of the new visual identity started this month. The new logo design clearly highlights the name and in doing so represents the essence of the Council’s mission – to provide the premier energy […]

Posted on 23 March 2016

2013 World Energy Congress, Day 2, Session Face to Face, "Shale gas and oil: Is it just a bubble?", Gerard Mestrallet, France & John Defterios, UAE

Shale gas and oil: Is it just a bubble?

The shale gas and oil boom has been an incredible phenomenon and has the potential to transform the oil and gas industry, the World Energy Congress was told on 15 October. Gérard Mestrallet, the Chairman & CEO of French utility company GDF Suez, said that he disagreed with suggestions that some of the claims regarding […]

Posted on 15 October 2013

What is the next game changer

What are the game changers?

Industry leaders say strategic innovation, high technology key to exploiting less conventional energy sources Strategic innovation and technological progress are key in changing the energy game Exploiting lesser-known conventional and unconventional energy deposits will involve risk Methane hydrate, deep water and arctic drilling, oil shale, and shale gas have potential Innovation, technology, and long-term commitment […]

Posted on 15 October 2013

2013 World Energy Congress, Day 2, Session Bottom Line "The untapped hydro potential: Opportunities and risks"

The untapped hydro potential: Opportunities and risks

While it remains easier to build a coal plant than a hydro one due to social and environmental concerns, hydropower is enjoying something of a renaissance as large hydro projects seek to exploit the huge unused potential in Central Africa, Latin America, Russia and Canada. With only one third of achievable hydro potential developed to […]

Posted on 15 October 2013

Session What does it take?, "Financing energy: Managing risks and complexity", Day 2, 2013 World Energy Congress

Government guarantees needed to support energy investments

A total of $37 trillion is needed for energy investments by 2025, or roughly $1.5 of the $12 trillion in new capital that is raised every year, the World Energy Congress was told on 15 October. The solution to liberating the “ocean of capital” to finance energy projects is close collaboration among the science sector, […]

Posted on 15 October 2013

2013 World Energy Congress, Session What does it take?, "Innovative market designs", Day 2

Renewables to impact market pricing

Advances in renewable resource technology pose a threat to the energy sector. In some European countries that have heavily invested in wind or solar plants, energy prices have been “driven through the floor”, said Philipp Gerbert, Senior Partner & Managing Director at the Boston Consulting Group. In response, he said, the low costs mean energy providers […]

Posted on 15 October 2013

2013 World Energy Congress, Day 2, Session Regional Crossroads, "North America: Energy self-sufficiency by 2015?"

US energy self-sufficiency poses challenges for Canadian exporters, overseas markets

US energy self-sufficiency, resulting from the shale gas and oil boom, could cause a potential rift in US-Canada relations, the World Energy Congress was told on 15 October. There were also indications of rising concern that an environmentally conscious and energy-rich United States may no longer be keen to commit to major infrastructure projects needed […]

Posted on 15 October 2013

Session Game Changer, "Natural gas markets and geopolitics: A map in transition", Day 2, 2013 World Energy Congress

Shale gas revolution impact may be limited in Asia

Panel participants said on 15 October that shale gas is a significant game changer, particularly in North America, but those in Asia who hope it will transform energy pricing are unlikely to be satisfied because the pace and scale of the shale gas revolution in North America will be difficult to replicate. China has vast […]

Posted on 15 October 2013

2013 World Energy Congress, Session Bottom Line, "The rise of NOCs and Independents: More of the same or changing the game?", Day 2

The other players: Independents and National Oil Companies

The resource ownership map has changed dramatically to the benefit of National Oil Companies (NOCs) and International Oil Companies (IOCs), speakers at the Daegu 2013 Congress said on 15 October. NOCs now control approximately 90% of the world’s oil reserves and 75% of production as well as many of the major infrastructure systems. In addition, an […]

Posted on 15 October 2013

Mr Farrukh Mian, Saudi Arabia, 2013 World Energy Congress, Day 2, Session What does it take?, "Is development finance delivering inclusive green growth?"

Development banks need to focus on energy projects

The World Bank is too small for the scale of problems it needs to address, said Michael Eckhart, Managing Director & Global Head of Environmental Finance and Sustainability at Citigroup. “Why do we allow the World Bank to be so small? A friend at the World Bank said they are doing up to $30 billion […]

Posted on 15 October 2013

Ms Agneta Rising, 2013 World Energy Congress, Day 2, Session What does it take?, "Effective international governance on nuclear"

Prospects low for international nuclear safety standards

More than two years after the Fukushima reactor accidents, the World Energy Congress on 15 October was told that the establishment of legally binding international regulations on nuclear safety remains an elusive goal. Most experts pinned their hopes on enforcement of regulations by individual governments and greater international collaboration within the nuclear industry. “More needs […]

Posted on 15 October 2013

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