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Type:News article
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Date:2013
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Region:Global
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Governments and industry should cooperate to solve energy trilemma, say experts

With growing energy demand in Asia and coming challenges in the global market, industry and governments need to work together to find solutions to tackle the “energy trilemma” of energy equity, energy security, and environmental sustainability, said panelists at the opening session of the World Energy Congress on Wednesday. “There is a lot of common ground between industry and […]

Posted on 16 October 2013

Mr Jason Drew, 2013 World Energy Congress, Day 3, Session Game Changer, "Energy-water-food nexus"

Energy-water-food nexus would benefit from education initiatives

“We are fiddling, whilst Rome is burning” said Jason Drew, CEO of AgriProtein, in discussing the sustainability of the energy-water-food nexus. Drew, whose company feeds biological waste to fly larvae to produce a sustainable source of protein for use in industrial agricultural processes, said “the industrial revolution is over and the sustainable revolution has begun,” […]

Posted on 16 October 2013

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Two years after Fukushima: Is the nuclear renaissance over?

“After Fukushima, nuclear reactors were closed down for political reasons but none were shut down because of regulatory reasons,” said Luis Echavarri, Director General OECD Nuclear Energy Agency referring to a regulatory review conducted by OECD in wake of Fukushima accident. “To have a nuclear program, a country needs social and political support.” He explained […]

Posted on 16 October 2013

Mr Jorge Montepeque, Session What does it take?, "Oil price discovery: The impact of emerging regional energy markets", Day 3, 2013 World Energy Congress

Transparency is becoming a major issue for the global oil market

Political and public interest in the oil markets remains high, with concerns that oil prices are subject to manipulation, even though recent academic studies suggest that oil prices are driven primarily by the fundamentals of supply and demand, delegates at the Daegu 2013 Congress were told on 16 October. Shifts in global and regional oil […]

Posted on 16 October 2013

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Is a common European energy market just a pipe dream?

Europe is at the forefront of moving from a nation-based energy system to a regional one. The integration of electric and gas networks is planned for 2014, but recent policy shifts by EU member states have cast doubt about the reality of achieving this goal. Many questions remain how these nations can overcome their different political and […]

Posted on 16 October 2013

2013 World Energy Congress, Day 3, Session Regional Crossroads, "Focus Russia: Key policy innovations and international cooperation in a transformed energy world"

Russia sees closer energy ties with Asia

Forces transforming the energy industry are full of opportunities and challenges for Russia, according to senior officials who spoke at the Daegu 2013 Congress on 16 October. Alexander Novak, Russian Minister of Energy, said “We have lots of natural gas and we don’t see a necessity in producing shale gas,” but added that “We’ll look […]

Posted on 16 October 2013

2013 World Energy Congress, Day 3, Session Game Changer, "Climate negotiations: How to bridge the three gaps?"

Climate negotiations are urgent priority

Although governments will draft a Universal Climate Agreement next year with plans to adopt it in 2015, “a global agreement is not going to be possible unless enough local, national action and legislation occur,” Christiana Figueres, Executive Secretary of the UNFCCC, said on 16 October. So far 30 to 40 countries have climate legislation, but […]

Posted on 16 October 2013

2013 World Energy Congress, Day 3, Session Bottom Line, "Biofuel: Beyond fuel in the tank"

Biofuels remain a contentious energy source

Controversy remains over the future of biofuel in the global energy mix. During a panel session at the Daegu 2013 Congress on 16 October, experts could not agree on the environmental sustainability and long-term economic viability of the biofuel industry. The Leader of the WWF’s Global Climate and Energy Initiative, Samantha Smith, stated that “We […]

Posted on 16 October 2013

2013 World Energy Congress, Day 3, Session What does it take?, "National energy policy: Achieving a triple 'A' score"

WEC rankings offer a guideline for environmental sustainability

The WEC’s Energy Sustainability Index serves as a benchmark for nations in implementing their energy policies. The World Energy Council has graded 129 countries with A through D scores based on three criteria reflecting the “Energy Trilemma”: security, equity, and environmental sustainability. Only 5 countries received the highest score, the AAA. For developed countries, achieving a […]

Posted on 16 October 2013

2013 World Energy Congress, Day 3, Session Regional Crossroads, "MENA: Serving a triple agenda - International supply, local energy growth, and need for job creation"

Imbalances plague world’s richest energy region

The Middle East and North Africa (MENA), the world’s richest area in terms of fossil fuels faces serious obstacles to directing its resources to the people who need them the most, the World Energy Congress was told on 16 October. Even though the area boasts 57% of the world’s known oil and gas reserves, it […]

Posted on 16 October 2013

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