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Trilemma Report 2014: Energy future hinges upon financing choices today

Annual ranking of 129 countries finds number of AAA countries drops from five to three while four countries put on negative watch

Posted on 24 November 2014

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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

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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

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

2013 World Energy Congress, Day 2, Session Regional Crossroads, "Far Eastern super-grid"

North Korea holds key to East Asian “super-grid”

North Korea remains the biggest issue of uncertainty in shaping a vision for a “super-grid” to integrate power generation and distribution in Northeast Asia, industry leaders said on 15 October. The innovative proposal, still very much in the drawing board stages, would connect the electricity grids of China, Mongolia, Japan, South Korea, Russia, and potentially […]

Posted on 15 October 2013

Ms Christiana Figueres, Germany, 2013 World Energy Congress, Closing session, "Clean energy without borders"

Global energy access begins with reducing borders

In order to achieve the UN goal of universal access to electricity by 2030, there must be movement toward eliminating border restrictions that prevent clean energy technologies from reaching those who need them most. International and national efforts are “absolutely critical,” said Christiana Figueres, the Executive Secretary of the UNFCCC. “The quality of energy determines quality […]

Posted on 15 October 2013

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Energy industry has as many opportunities as challenges

Thanks in part to the emergence of new business models and services, the energy industry as many opportunities as challenges, Fulvio Conti, CEO & General Manager of Italy’s Enel, told the World Energy Congress on 15 October. “The world doesn’t look round anymore. It doesn’t look flat, either,” he said. Rather, it’s a triangle or […]

Posted on 15 October 2013

Khalid Al-Falih

Saudi Aramco, GE Power speak at World Energy Congress

DAEGU, South Korea, October 14, 2013 In the first keynote speech of the World Energy Congress, president and CEO of Saudi Aramco, Khalid A. Al-Falih, and President and CEO of GE Power & Water, Steve Bolze, summed up the energy challenges of the coming decades. The duo put forward a line-up of solutions — from […]

Posted on 14 October 2013

2013 World Energy Congress, Day 1, Opening session "Tomorrow's energy: Connecting the dots"

Decisive leadership needed in an uncertain energy era

Industry leaders gathered at the World Energy Congress agreed on 14 October that the energy environment is getting more and more complex and uncertain, and policy makers need to chart a course that ensures both affordability and sustainability. Christoph Frei, Secretary General of the World Energy Council, pointed to post-Fukushima safety concerns and the collapsing […]

Posted on 14 October 2013

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