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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

Mr Fatih Birol, France, 2013 World Energy Congress, Day 3, Session Regional Crossroads, "Showcase for Asian green growth"

Korea’s “green growth” story reveals possibilities, challenges for Asia

Many Asian countries have integrated the concept of green growth into their national visions or strategies to cope with rising energy demand, delegates at the Daegu 2013 Congress were told on 16 October. South Korea’s “green economy” offers an example for the rest of Asia of how to reduce the region’s dependence on coal. Korea adopted […]

Posted on 16 October 2013

Igor Sechin, Russia, 2013 World Energy Congress, Day 3, Closing session, "Special addresses"

Rosneft CEO lays out Russia’s enormous prospects for meeting global energy demands

Energy concerns in emerging economies are “skyrocketing” and global energy consumption is on the rise, requiring creative solutions and technological know-how, said Igor Sechin, CEO of the Russian government-owned oil company Rosneft. Russia is in an excellent position to help meet the world’s energy demands, thanks to its rich energy resources, open and stable political […]

Posted on 16 October 2013

2013 World Energy Congress, Day 3, Closing session, "Ministerial dialogue: Energy in Transition"

The dilemma over the trilemma

Whether governments should subsidize energy costs for the world’s poorest consumers emerged as a point of heated debate at the World Energy Congress during the closing plenary session for 16 October as government ministers discussed how countries should coordinate energy policies to achieve the triple goals of security, sustainability, and equity in energy policy. Ministerial […]

Posted on 16 October 2013

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South Korean President promotes international energy cooperation

South Korean President Park Geun Hye told WEC Daegu 2013 on Wednesday that international cooperation is needed to meet global energy challenges, while a “creative energy economy” should be promoted in which Korea can play a leading role. “As the World Energy Council points out, the Energy Trilemma, the trade-offs between energy security, social equity […]

Posted on 16 October 2013

Financing Session

Financial markets must play role in energy development

Markets must assist to encourage energy investments Governments need to fashion long-term energy policies to ensure financing MENA political turmoil could offset promise of cheap energy prices due to U.S. shale gas boom. Energy experts told delegates at the World Energy Congress Daegu 2013 that financial markets must assist to ensure investment in energy. Seethapathy […]

Posted on 15 October 2013

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