The report finds that as global energy systems are being placed under increasing strain and as governments limit their spending under tough economic conditions, the ability to invest the US$48 trillion required over the next 20 years into energy could be put in jeopardy, threatening countries’ ability to supply sustainable, reliable, and affordable energy for their people.
The findings were discussed in Washington DC in a panel discussion which included the Council’s Chair Marie-José Nadeau; Dean Oskvig, WEC Vice Chair for North America and President and CEO of Black and Veatch Energy; Jonathan Pershing, the Principal Deputy Director for Energy Policy and Systems Analysis at the US Department of Energy where he guides the domestic policy agenda and leads on international climate policy for the Department; Charles Feinstein, Director of Energy and Extractives Global Practice at the World Bank; and François Austin, Global Head of Energy Practice from project partner Oliver Wyman.
The panel was moderated by the World Energy Trilemma’s Executive Chair Joan MacNaughton. She noted in her opening remarks: “
Summarising the recommendations of the Trilemma report, she said:
The Council also published the findings of the annual Energy Trilemma Index as part of the 2014 Trilemma report. The Index measures the performance of country energy and climate policies in balancing the triple challenge of the energy trilemma.
This year’s Energy Trilemma Index has placed four countries on negative watch (Japan, Germany, Italy, and the UK). Of the 129 countries in the ranking, only three have achieved an ‘AAA’ score on their trilemma performance, with one of those countries being the UK which is showing a downward trend in energy security.
Sandra Winkler, WEC Director of Policies and Member Services who led the coordination of the report, commented:
The 2014 World Energy Trilemma report can be downloaded from: worldenergy.org/publications