CLIMATE AND ENERGY OUTLOOK – Policy challenges and choices that will shape our common future

15 October 2015 - 12:00 - 15 October 2015 - 22:00
Introduction
With negotiations to seal the much hoped-for global climate agreement in their final leg, Friends of Europe’s 12th annual Climate and Energy Policy Summit will discuss the main challenges ahead for global leaders in view of ensuring affordable and secure energy in line with reducing CO2 emissions. Questions will include:

  • Will the new global climate agreement force businesses to shift their investment decisions?

  • What is the best way to finance the world’s low-carbon transition?

  • What new policies, technologies and actors will shake up the energy landscape in the years to come?

  • How different will the global energy-mix be in 2030 and where will gas, oil and coal fit into the low-carbon future?

  • What reforms are needed to fix Europe’s electricity market(s)?


 

This summit has a long-standing reputation as the ‘must-attend’ conference in Brussels and top-level personalities have always joined this platform as speakers. The few hundred participants will include EU and national policymakers, senior officials from international organisations, business representatives, NGO leaders, experts from the academic world and members of the international press from Brussels and throughout Europe.

You may follow the Climate and Energy Policy Summit on Twitter using #GreenerEU.

Related content



Podcasts


Session I - Financing the world’s low-carbon transition


Conversation with James Hansen


Session II - The energy landscape 15 years from now


Session III - Fixing Europe’s electricity market(s)


Subscribe to Friends of Europe’s podcast service on Itunes. Android users can download Podomatic app on GooglePlay and search for Friends of Europe.

Photo gallery




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Videos


Session I - Financing the world’s low-carbon transition


Conversation with James Hansen


Session II - The energy landscape 15 years from now


Session III - Fixing Europe’s electricity market(s)

IMAGE CREDIT: CC / FLICKR – hijukal - Gary Chancey - arbyreed - The Danish Wind Industry Association - Pulpolux - IIP Photo Archive

08.30 - 09.00 Welcome coffee and registration of participants

Now that the preparatory negotiations for the UN Paris conference are entering their final stages, attention is turning to financing the low-carbon transition without imposing unnecessary costs on private and business consumers and without endangering different countries’ energy security. The International Energy Agency has put the world’s total energy supply and energy efficiency investment needs by 2035 at a massive $53tn if the 2oC climate change target is to be met, a third of that amount needed to finance the development of low-carbon technologies. Yet so far there are few signs that today’s policies and market signals will make the existing energy investment trends more sustainable with the necessary speed and scale. Will the new global climate agreement force businesses to shift their investment decisions? What is the outlook for the fossil fuel divestment movement and would it necessarily lead to increased investment in clean energy? Which policies, ranging from emissions trading to taxation or subsidising energy sources, have proved most effective in leveraging private sector low-carbon investment? What innovative financing mechanisms and business models, such as green bonds or yieldcos, could help tap new sources of capital? How can industrialised countries work with less developed ones to embrace sustainable growth and shift away from the most carbon-intensive energy sources? And how should the new Paris agreement be to allay competitiveness concerns, should it aim for truly international solutions, like the linking of carbon markets or a global carbon tax?

Featuring

Carole Dieschbourg / Luxembourg Minister for the Environment

Janos Pasztor / UN Assistant Secretary-General on Climate Change

Alan Synnott / Director of BlackRock Infrastructure Investment Group within BlackRock Alternative Investors (BAI)

Jonathan Taylor / Vice President for Climate and Environment at the European Investment Bank (EIB)

Moderated by

Shada Islam / Director of Policy at Friends of Europe

10.00 - 10.30 Coffee break

10.30 - 11.00 Conversation with James Hansen / Top US climate scientist and head of NASA’s Goddard Institute for Space Studies (1981-2013)

Moderated by

Shada Islam / Director of Policy at Friends of Europe

The ongoing shifts in geostrategic power balances, successive revolutions in energy supply-and-demand, and volatile energy prices that are turning energy markets into casinos, are making the future course of energy markets hard to predict. But whatever the future holds, technological advances in the energy sector, combined with the political momentum for climate change, are certain to shake up the energy landscape as we know it today. What policies and which countries will drive global innovation in the energy sector, and where will Europe fit into this race? What new and unsuspected business actors could emerge, perhaps to take the lead? What disruptive technologies are likely to have the greatest impact on the world energy picture, and what elements will alter the competitive environment over the next 15 years? With electricity storage and battery technologies widely seen as imminent game-changers, what breakthroughs should be expected in the power and transport sectors? How different will the global energy mix be in 2030, and where will gas, oil and coal fit into the low-carbon future that is becoming a global goal? What are the unintended but potentially adverse consequences that switching to renewable energy sources and ’green’ technologies might bring; can it lead to a new minerals import dependency trap? And how could the current deadlocks barring the way to greater energy efficiency be overcome?

Featuring

Kamel Ben Naceur / Director for Sustainable Energy Policy and Technology at the International Energy Agency (IEA) and former
Tunisia Minister for Industry, Energy and Mines

Sonja Chirico Indrebø / Senior Vice President for Strategy at the New Energy Solutions of Statoil

John Cooper / Executive Director of FuelsEurope

Seb Henbest / Head of Europe, Middle East & Africa at Bloomberg New Energy Finance (BNEF)

Co-moderated by

Shada Islam / Director of Policy at Friends of Europe

Siobhan Hall / ‎Senior Editor for EU energy policy at Platts

12.00 - 12.30 Coffee break

Europe’s electricity sector urgently needs to be redesigned. The EU’s self-imposed deadline for completing the internal energy market expired last year, leaving Europe still with 28 electricity markets that are fragmented by divergent national energy policies, not properly connected to their neighbours and hit by weak competition. Consumers have too little control over their energy use, and Europe’s energy infrastructure, meanwhile, is ageing and has not been adequately adapted to the low-carbon transition. Mismatches between power shortages and oversupply, together with continuing regulatory uncertainties, mean there has been an EU-wide standstill in vitally important energy investment. What reforms are now needed to fix these problems and why are the policies that could provide the right price signals to encourage the necessary investment still lacking? What new market design would enable the integration of low-carbon generation technologies? How should policymakers secure generation adequacy while ensuring that markets and fair competition are not distorted and that heavier financial burdens aren’t placed on consumers? Is there a need for capacity mechanisms, or can security of supply be reached through cross-border interconnectivity, trading arrangements and storage capacity? How best can the EU’s 15% interconnection target be met and will it end up with ‘energy islands’? How can consumers be empowered to manage their energy use? Where is the EU’s Energy Union now heading, and how can it be used to encourage a greater coordination of national energy strategies?

Featuring

Marie-Pierre Fauconnier / Chairwoman of the Belgian National Regulatory Authority for Energy (CREG)

Fredrick Federley MEP / Member of the European Parliament Committee on Industry, Research and Energy and Substitute of the Committee on the Environment, Public Health and Food Safety

Michel Matheu / Head of EU Strategy at Electricité de France (EDF)

Simon Skillings / Senior Associate at Third Generation Environmentalism (E3G)

Mechthild Wörsdörfer / European Commission Director for Energy Policy

Co-moderated by

Shada Islam / Director of Policy at Friends of Europe

Siobhan Hall / ‎Senior Editor for EU energy policy at Platts

13.30 End of the summit

Under the patronage of

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In association with

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With the support of

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Greener Europe partner

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Media partner

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Projects
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Publications reflecting the global climate change debate.

Topics

After 20 years of negotiations, 195 countries signed the Paris agreement to limit global warming. The focus now moves to implementation, and success will depend on the support and contribution of all – including industry, citizens, regions and cities.

We look at the role of regulation, competition, innovation, and the impact of consumption and production in sectors such as agriculture and transport (especially aviation and maritime transport). We debate the merits of different low-carbon economic models (including beyond growth and the circular economy).

Registration
This event is fully subscribed. Registration is now closed.

A summary of debates will be provided a few weeks after the event.

You may follow the Climate and Energy Policy Summit on Twitter using #GreenerEU.
Danuta Slusarska, Programme Manager
Tel.: +32 2 893 98 23
Email: danuta.slusarska@friendsofeurope.org
Contact form
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Event starts
15 October
2015
12:00