Event recordingWorld Energy Outlook 2019
IEA CALLS ON GOVERNMENTS TO MOVE FASTER TO MEET CLIMATE GOALS
Governments must be at the heart of reaching sustainable energy goals, Fatih Birol, Executive Director of the International Energy Agency (IEA), told the 18 November official Brussels launch of World Energy Outlook (WEO) 2019. This flagship publication in the global energy scene outlines three energy scenarios: current policies, stated (planned) policies and a sustainable development scenario requiring rapid change, he said.
A host of policies and technologies will be needed across every sector to keep climate targets within reach, Birol told the meeting hosted by independent thinktank Friends of Europe. But, heeded the IEA head, “The main responsibility lies with governments, they must take the lead in writing the next chapter in energy history.”
Ditte Juul-Jørgensen, European Commission Director-General for Energy, welcomed the report and its ‘very helpful analysis’ at a key time. The Commission will shortly start its new five-year term under President-elect Ursula von der Leyen – who promises in her ‘European Green Deal’ that the green transition will be at the centre of policies and politics.
The recently appointed Director-General also reiterated the IEA’s message that more action was needed to lower greenhouse gas emissions and to arrive at a carbon-neutral Europe by 2050. “Business as usual is not a possible way forward or an option.” But Juul-Jørgensen cautioned that the change needed to be made in a way that reflects European and global competitiveness and enables a just transition and energy security.
Industry is certainly keen to help achieve a carbon-free Europe, the conference heard. The two main winners in the energy transition are renewables – especially wind and solar, Birol made clear, as well as natural gas, “These will be the main drivers of future energy needs.”
Offshore wind, the IEA’s technology focus in WEO 2019, is a particular success story. It is predicted to provide most, if not all, the world’s energy demands in future. Indeed, Birol highlighted that, in a carbon-neutral Europe, wind will become the number one source of EU electricity by 2040.
Andreas Nauen, Offshore Chief Executive Officer at Siemens Gamesa Renewable Energy, said there was enough investment and more than enough capacity for wind to meet this goal. But, like Birol, he said governments should do more to make this happen. “We can do a lot in terms of technology to make turbines efficient and offshore wind costs even cheaper, but we need a clear framework to see what this will look like.”
Boyana Achovsky, Chair of the Steering Committee of GasNaturally – a partnership of seven associations across the gas value chain, also welcomed the report’s conclusions, “We are very happy to see that the Outlook and many studies this year recognise the very big importance of the gas infrastructure for transforming large amounts of energy.”
The Secretary-General of Gas Infrastructure Europe further applauded recommendations to policymakers to introduce low-carbon gas standards. And she urged support for the 43 renewable hydrogen and 15 power-to-methane projects being developed across Europe.
Consumers must be included in the energy transition too, Antonella Battaglini, Founder and Chief Executive Officer of the Renewables Grid Initiative, made clear, “We need to bring people on board.”
For Battaglini, integrated and collaborative planning was essential, as well as environmental protection and fairness. And the “real needs” of the public must be considered, she added, “What do people really want? Not to spend 10 euros less a year for the electricity bill, they want to have a different role in the decision-making process.”
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In partnership with the International Energy Agency (IEA), Friends of Europe’s annual high-level conference and presentation of the International Energy Agency’s flagship World Energy Outlook, regarded as the gold standard in energy analysis, discusses the rapidly-evolving global energy landscape and its implications for Europe.
In our 2019 edition, we are welcoming key speakers and senior stakeholders to exchange insights on the outlook for European energy markets and provide first-hand key insights on the outcomes of international climate and energy discussions held in Madrid during COP25.
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The world energy market continues to experience major transformations: the rapidly falling cost of renewables and breakthrough innovations in energy use give reason to think that change is on the horizon. Organised at a time of critical leadership change in Europe, the presentation of the 2019 edition of the International Energy Agency’s flagship World Energy Outlook takes into account all the latest market and technology information, policy developments, as well as pathways to meet global climate and other sustainable development goals. This year’s outlook will provide the perfect opportunity to examine the potential way forward for achieving a climate neutral economy by 2050 and an ambitous European Green Deal, including the role of offshore wind as well as the importance of electricity and gas networks in a low-emissions future.
Join IEA Executive Director Dr Fatih Birol and key European leaders to hear how the outlook for global and European energy markets is set to evolve.
- What will tomorrow’s power sector look like in Europe? What share of our total energy needs can ultimately be met by offshore wind?
- How are traditional gas infrastructure projects adapting to today’s new policy environment?
- What can we expect from the new EU mandate and how will it help in achieving stronger climate action and energy security?
Presentation of the report by:
Executive Director of the International Energy Agency (IEA)
Joined on panel by:
Secretary-General of Gas Infrastructure Europe (GIE) and Chair of GasNaturally Steering Committee
Chief Executive Officer at Renewables Grid Initiative, Germany
European Commission Director-General for Energy
Offshore Chief Executive Officer at Siemens Gamesa
Director, Asia, Peace, Security & Defense, Digital & Chief spokesperson
Boyana Achovski currently leads Europe’s association of gas transmission, gas storage and LNG regasification terminal operators. She has been heavily involved in the gas and energy sector for the past decade. Prior to her current function, Achovski held the position of GIE Vice Executive Secretary and worked for Bulgartransgaz, the Bulgarian transmission and storage operator, where she managed the company’s undertakings relating to the European regulatory framework and European energy policy. Achovski was also Chair of GasNaturally Steering Committee from 2017 to 2018.
Antonella Battaglini is currently a member of the European Commission’s expert group on electricity interconnection targets and has previously been an expert member of the World Economic Forum (WEF)’s 2014-2016 Global Agenda Council on the Future of Electricity. In 2015 she was named one of Tällberg’s 2015 five Global Leaders for her commitment to a sustainable energy future and combating climate change. She is also a senior scientist at the Potsdam Institute for Climate Impact Research (PIK) where she leads the SuperSmart Grid (SSG) process, a concept she developed together with her team to reconcile different approaches to the system integration of renewables.
Fatih Birol took office as Executive Director of the IEA in September 2015, twenty years after first joining the agency. He previously held the positions of Chief Economist and Director of Global Energy Economics, with responsibilities that included directing the flagship World Energy Outlook publication. Birol has been named by Forbes Magazine as one of the most influential people on the world’s energy scene.
Ditte Juul Jørgensen has nearly three decades of experience in the European Commission. In her current portfolio, she is responsible for creating a competitive internal energy market, developing renewable energy sources and reducing energy consumption. She joined the Energy Directorate-General from a position as Head of Cabinet of Competition Commissioner Vestager. Before this, she was Director for WTO, Legal Affairs and Trade in Goods in the Commission’s Directorate-General for Trade, where she managed the EU policy and negotiations in the World Trade Organization, legal issues and the EU’s involvement in WTO dispute settlement as well as the EU policy on trade in goods.
Andreas Nauen has been appointed as Chief Executive Officer of the Offshore Business Unit of Siemens Gamesa Renewable Energy in 2017. His career within the power generation industry began in the nineties with Siemens. With eleven years of experience as Chief Executive Officer of Siemens Wind Power as well as Repower/Senvion, Nauen has a strong track record in the renewable industry. Prior to accepting his current position, Nauen was Managing Director of Design, Manufacturing and Sales of Mechanical Components for Industrial Applications at KTR Systems GmbH in Rheine, Germany.
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