News and media

DSC_5071

2014 Executive Assembly put spotlight on regional integration

The World Energy Council’s Executive Assembly concluded last month (20–24 October) in Colombia with broad support from WEC members and the more than 700 attending representatives from governments and the private sector.

Posted on 11 November 2014

World Energy Leaders Summit Cartagena 2014 Colombia president address

Speech by President Juan Manuel Santos of Colombia at the World Energy Leaders’ Summit

President Juan Manuel Santos of Colombia said at the World Energy Leaders’ Summit says the energy trilemma offers a valuable roadmap to strengthening the energy sector, adding that guaranteeing energy sustainability is a “shared task” among nations

Posted on 11 November 2014

MISC Bus transport

73% of Latin America consumers are willing to pay more for alternative transport fuels

New report by World Energy Council’s Future Energy Leaders shed light on consumer perspectives on demand-side energy solutions

Posted on 21 October 2014

Cover Climate Change - Implications for the Energy Sector -Summary from IPCC AR5 2014

Energy sector faces increasing pressures from climate change – new report

The energy sector is facing increasing pressures from climate change. All segments of the industry will be affected by the changing global climate and the policy responses to it.

Posted on 13 June 2014

WEC France 3rd European Energy Forum 2014

WEC Europe: Implementation of new EU energy policy needs careful consideration

The WEC’s European member countries discussed the EU’s new energy policy with the European Commission at the WEC’s 3rd European Energy Forum in Paris on 24–25 April.

Posted on 4 May 2014

African City with people

Seeking answers to Africa’s energy trilemma

Balanced energy policy and engaged entrepreneurship are essential elements to enabling Africa’s development, says WEC Secretary General Christoph Frei. Africa’s energy sector has long been working to widen energy access to unlock the continent’s vast potential. Energy access remains a critical priority for this dynamic region. Globally, 1.2 billion people – equivalent to India’s population – do […]

Posted on 12 March 2014

Jigsaw-pieces-300x225

Inconvenient truth: Current technologies, policies, and innovation are not enough to meet climate goals

Unprecedented uncertainty is leading to short-termism in energy investments, according to the World Energy Council’s World Energy Scenarios report COP-19, Warsaw, Poland, 19 November 2013: The world is set to face several significant challenges in balancing global energy needs in addressing the triple challenge of the energy trilemma over the next four decades, according to […]

Posted on 19 November 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

2013 World Energy Congress, Day 2, Session Regional Crossroads, "Eurasia: Partnerships to unlock its full potential"

Untapped resources in Central Asia promise great rewards and challenges

Central Asia offers vast potential for energy procurement, but challenges lie ahead for the region’s nations as well as the foreign players that are needed to develop energy resources, which could produce around 3% of global energy needs, the World Energy Congress was told on 15 October. The area offers resources that include coal, natural […]

Posted on 15 October 2013

« First page117Last page »