FEL-100 initiatives

In addition to contributing to World Energy Council’s flagship study groups, the FEL develop their own series of ongoing initiatives:

The Future Energy Leaders’ Issues Monitor – What keeps future leaders awake at night?

An essential tool assessing the uncertainty, urgency and impact of critical issues in the future energy landscape, the Future Energy Leaders’ Issues Monitor provides a unique comparative insight into the outlook of current and future leaders within the energy sector.

The Future Energy Leaders’ Taskforces

The Future Energy Leaders’ (FEL) taskforces form an integral part of the programme as they shape the development of the FEL community and provide unique opportunities for international cooperation.

During the FEL-100 Congress held in Istanbul, Turkey, the taskforces were given time to host their own workshop for taskforce members as well as a small number of selected young professionals. The workshops were defined by each taskforce individually in order to suit its needs. The sessions bolstered the taskforce projects and strengthened the group’s connectivity. The following taskforces participated in the workshop sessions:

 1. CLIMATE CHANGE: ‘Necessary Actions at the Multilateral Level’

The Paris Agreements and COP 21 Decision under the UNFCCC will have a significant impact on the World energy system. Throughout 2016, the taskforce will focus on generating intelligence for established work streams within the WEC in order to facilitate the incorporation of the latest science regarding the impacts of climate change. At the same time, they will also incorporate information related to the Paris Agreements and in particular the role of National Determined Contributions (NDCs) for national and international decision making. The taskforce will build on the COP21 outcomes which will require countries and corporations to streamline climate concerns in national debates. Here the perspective of the World Energy Council should positively contribute to the development of sound policy and market frameworks that address not only the GHG sustainability perspective, but also that of affordability and security of energy supply. 

2. DIGITALISATION: ‘Impact of Digitalization on the Energy Industry’

Digital technologies have contributed to increased production, profit margins and cost reduction across the entire energy industry. New technologies such as smart grid, distributed generation and storage technologies will add complexity and increase the risk of cyber threats to the network. Undoubtedly, this will in turn create uncertainty within the energy industry. The taskforce will therefore focus its study on how digitalization is impacting the energy industry. It will address and assess what digitalization means for the energy industry through the quantification of its impact and identification of the new business models and companies arising from the digital revolution.

3. HUMAN CAPITAL: ‘Equity and Skilled Personnel for Current and Future Energy Developments’

The term Human Capital can be defined as “The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country”. The concept has evolved to include multiple issues related to attracting, developing and retaining the right people to solve today’s complex problems. Although there is evidence of progress in the energy sector regarding human resources management, there are a significant number of gaps that still remain and which have a global impact. The taskforce will study current practices and identify future actions needed for countries and organizations to secure the required workforce for the international energy industry. Specifically, topics within four key areas will be examined: Talent, Diversity, Skills Mismatch, and Social Perception. The Human Capital Taskforce Report (2.43 MB) presents work carried out to understand current critical issues impacting the attraction, development and retention of talent in the energy sector, and to develop a strategic approach to ensure that a sufficiently capable workforce is available to tackle the existing and emerging challenges in the energy sector.

4. ENERGY EFFICIENCY: ‘Demand Response and Prosumer (Producer/Consumer)’

Energy efficiency is widely seen as a central piece of the solution in creating a future sustainable energy system. This taskforce will study demand response and prosumer and the potential impact on energy efficiency following the implementation of these concepts. In particular, it will analyse the role of ICT in energy efficiency management by reviewing existing implementation and adaptation of efficiency concepts. In doing so, it will investigate future potential both in terms of magnitude and geographical spread.

5. ENERGY ACCESS: ‘Strategies for a Sustainable Energy-Waterfood Nexus’

Water and food cannot be separated from sustainable energy development and many alternative energy sources, such as biofuel, affect water and food security. This taskforce will therefore study existing targets and practices, particularly in Asia and Africa (potentially also Latin America), and the continued maintenance of sustainable water and food resources. Understanding the challenge and the trade-offs between water, energy and food as pillars for development will be the subject of this taskforce. 

6. ENERGY ECONOMICS: ‘Low Oil Pricing – New Energy Empires and Energy Company Restructuring’

In recent years, oil price volatility has presented big challenges for energy companies. These include; high leverage (financial and operational), pressure throughout the supply chain, projects delayed or cancelled and sharp reduction on rates and utilisation. This taskforce aims to understand linkage between oil prices and company restructuring processes. At the same time, the taskforce will look at innovative strategies of restructuring and incorporating opportunities for sustainable practices.

7. FEL DEVELOPMENT: ‘Scaling up Global and National Programmes’

The sustainability of the World Energy Council and its national member committees, as well as the development and growth of the international Future Energy Leaders (FEL) community, depends on the continuous involvement of young professionals. Developing strong national FEL teams in each country will help achieve this goal and strengthen existing links and continuity with the global FEL-100 programme. Ten member committees have already developed their own national FEL programme and others are planning to do so in the near future. Despite this progress however, a number of committees still lack information about the process, structure and time that the process of developing a national FEL programme requires. The FEL Development Taskforce therefore acts as an ‘’advisory board’’ to support member committees interested in developing a national FEL programme. To do so the taskforce provides a guideline document or ‘manual’ which shares best practices and advice on how to implement and develop national FEL programmes.