OUTLOOK FOR NATURAL GAS IN EUROPE

Size: px
Start display at page:

Download "OUTLOOK FOR NATURAL GAS IN EUROPE"

Transcription

1 6th German-Norwegian Energy Conference OUTLOOK FOR NATURAL GAS IN EUROPE Dr. Berit Tennbakk, Partner,

2 RETROSPECT FALLING AND CONVERGING GAS PRICES HISTORICAL DEVELOPMENT MAIN DRIVERS Financial crisis Fukushima Oil price crash Europe: Falling demand Coal outcompetes gas in the power market Decreasing industrial demand Asia: High price region recent fall in prices Strong economic growth Phase-out of nuclear in Japan Strong link to oil price Lately: Slower economic growth and falling demand, nuclear coming online in Japan Shale gas revolution US: Dramatic changes Increased supply from Shale gas Expected imports not needed Will start LNG exports early 2016 Source: World Bank 2

3 RETROSPECT TREND: FALLING EUROPEAN GAS DEMAND GAS CONSUMPTION 2004 AND 2014 CONSUMPTION PER SECTOR Source: BP Statistical Review of World Energy

4 IEA: STABLE FUTURE GAS DEMAND IN ORDER TO ACHIEVE THE 2 DEGREE TARGET IEA BRIDGE SCENARIO ENERGY CONSUMPTION IN EUROPE Based on plans from each country developed for Paris 2015 The Bridge scenario adds the following measures in order to achieve the 2 degrees target: Increased energy efficiency in buildings, industry and transports Increased renewable investments Measures against coal, ban on new coal power plants Phase-out of fossil subsidies Measures against methane emissions from oil and gas Source: IEA (2015) 4

5 NEW INDUSTRIAL DEMAND OUTSIDE EUROPE? «CHEAP ENERGY IS THE NEW CHEAP LABOUR» Industrial gas consumption in Europe has not recovered after the financial crisis Industrial production is shifting to less gas (energy) intensive sectors Particularly in the UK and Italy European Commission Energy Trends to 2050 predicts future energy efficiency improvements Source: Financial Times 5

6 NEW INDUSTRIAL DEMAND OUTSIDE EUROPE? «CHEAP ENERGY IS THE NEW CHEAP LABOUR» There are no energyintensive investments taking place in Europe now Why would you locate a new investment in a place with both high labour costs and high energy costs, many of which are self-inflicted? Dieter Helm, professor of energy policy at the University of Oxford Source: Financial Times 6

7 EU: FLAT DEVELOPMENT IN RESIDENTIAL GAS TRENDS HOUSEHOLD ENERGY DEMAND IN EU REF SCENARIO Increased share of electricity Energy efficiency measures increases use of heat pumps Efficiency gains yield reduced energy intensity 16% reduction in household heating 25% reduction in commercial heating EU Commission: Oil heating replaced by gas heating Falling oil prices may reduce this effect kwh/m 2 kwh/gdp Sources: EC (2013), EU Energy, Transport and GHG Emissions Trends to 2050, reference scenario 2013; IEA (2015): World Energy Outlook Special Report Energy and Climate Change. 7

8 GAS SET TO RE-ENTER THE POWER MARKET MERIT ORDER CURVE GERMANY Source: THEMA projections 8

9 GAS SET TO RE-ENTER THE POWER MARKET MERIT ORDER CURVE GERMANY Source: THEMA projections 9

10 EU ETS KEY FOR GAS TO POWER BACKGROUND HIGHER CO2 PRICE BENEFITS GAS ETS reforms (MSR, annual cap reductions) may drive up carbon prices GENERATION GERMANY 2030 GENERATION NETHERLANDS TWh Bio CHP 160 TWh 140 Bio CHP Large-scale fuel switching from coal to gas at around 30 EUR/tonne Gas completely outcompetes coal when the carbon price reaches around EUR/tonne Carbon price [EUR/tonne] Hydro Solar Wind Gas Oil_shale Coal Lignite Nuclear Carbon price [EUR/tonne] Hydro Solar Wind Gas Oil_shale Coal Lignite Nuclear Source: Model results TheMA power market model (Carbon market module) 10

11 HIGHER CARBON PRICES INCREASE GAS UTILIZATION MERIT ORDER CURVE GERMANY 2030 Source: THEMA projections 11

12 HIGHER CARBON PRICES INCREASE GAS UTILIZATION MERIT ORDER CURVE GERMANY 2030 Source: THEMA projections 12

13 GAS AND RENEWABLES A BEAUTIFUL RELATIONSHIP? Source: THEMA projections 13

14 GAS AND RENEWABLES A BEAUTIFUL RELATIONSHIP? Source: THEMA projections 14

15 MAIN MESSAGES Gas continues to play a significant role in Europe s energy mix through the energy transition Renewable build-out mainly replace coal generation capacity But the volume of gas to power depends heavily on carbon prices Industrial gas consumption hinges on global gas prices and CO2 costs Residential gas consumption is set to remain flat due to efficiency gains 15

16

Effects of a White Certificate trading scheme on the energy system of the EU-27

Effects of a White Certificate trading scheme on the energy system of the EU-27 Effects of a White Certificate trading scheme on the energy system of the EU-27 Ralf Kuder Institute of Energy Economics and the Rational Use of Energy University of Stuttgart 08.09.2009, Vienna Overview

More information

The Energy Transition in Germany Past, Present and Future

The Energy Transition in Germany Past, Present and Future The Energy Transition in Germany Past, Present and Future smart energy Paraná, Conferência International 2014 9 May 2014 Dr. Carsten Tschamber A Brief History of the Energiewende 1973 - oil crisis, Federal

More information

Please address your inquiries to balances@iea.org.

Please address your inquiries to balances@iea.org. Excerpt from: ii - EXCERPT FROM ENERGY BALANCES OF OECD COUNTRIES (215 edition) The following analysis is an excerpt from the publication Energy Balances of OECD Countries (215 edition). Please note that

More information

Summary of the Impact assessment for a 2030 climate and energy policy framework

Summary of the Impact assessment for a 2030 climate and energy policy framework Summary of the Impact assessment for a 2030 climate and energy policy framework Contents Overview a. Drivers of electricity prices b. Jobs and growth c. Trade d. Energy dependence A. Impact assessment

More information

Analysis of electricity production in EU-28 up to 2014 with a focus on renewables

Analysis of electricity production in EU-28 up to 2014 with a focus on renewables Renewables International. www.renewablesinternational.net Analysis of electricity production in EU-28 up to 2014 with a focus on renewables Bernard CHABOT BCCONSULT, Garbejaire B107, 06560 VALBONNE, France

More information

Critical Policy Options to Protect Industry Competitiveness

Critical Policy Options to Protect Industry Competitiveness Critical Policy Options to Protect Industry Competitiveness Graham Weale Chief Economist, RWE AG IEA Energy Business Council Meeting, Paris 4 th June 2013 RWE Group a leading European energy utility >

More information

Germany Energy efficiency report

Germany Energy efficiency report Germany Energy efficiency report Objectives: 231 TWh of end-user energy savings by 216 Overview 29 2-29 (% / year) Primary intensity (EU=1) 1 99 + -1.3% - CO 2 intensity (EU=1) 16 - -1.6% - CO 2 emissions

More information

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October The context Southeast Asia is a key pillar of Asia s growth A mix of countries with disparate

More information

Implications of Abundant Natural Gas

Implications of Abundant Natural Gas Implications of Abundant Natural Gas JAE EDMONDS AND HAEWON MCJEON APRIL 2013 May 29, 2013 1 Background May 29, 2013 2 The natural gas revolution The application of technologies for accessing unconventional

More information

Energy [R]evolution vs. IEA World Energy Outlook scenario

Energy [R]evolution vs. IEA World Energy Outlook scenario Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into

More information

Energy Megatrends 2020

Energy Megatrends 2020 Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source

More information

WP1 Task 1 The Drivers of Electricity Demand and Supply

WP1 Task 1 The Drivers of Electricity Demand and Supply PROJECT NO 518294 SES6 CASES COST ASSESSMENT OF SUSTAINABLE ENERGY SYSTEMS Observatoire Méditerranéen de l Energie WP1 Task 1 The Drivers of Electricity Demand and Supply Version April 2007 1. Drivers

More information

Annual Electricity and Heat Questionnaire

Annual Electricity and Heat Questionnaire Annual Electricity and Heat Questionnaire IEA Statistics Course Pierre Boileau International Energy Agency OVERVIEW Global trends in electricity production 1973-2009 IEA Annual Electricity and Heat Questionnaire

More information

Energy Consumption Increases Slightly in 2015. Renewables Continue to Grow / Advantages Due to Weather, Economic Trend, and Immigration

Energy Consumption Increases Slightly in 2015. Renewables Continue to Grow / Advantages Due to Weather, Economic Trend, and Immigration Nro 06 2015 Energy Consumption Increases Slightly in 2015 Renewables Continue to Grow / Advantages Due to Weather, Economic Trend, and Immigration Berlin/Cologne (December 21, 2015) In 2015, energy consumption

More information

London, 10 November 2015

London, 10 November 2015 London, 10 November 2015 The start of a new energy era? 2015 has seen lower prices for all fossil fuels Oil & gas could face second year of falling upstream investment in 2016 Coal prices remain at rock-bottom

More information

The Global Commission on the Economy and Climate. Major Economies Forum, Paris

The Global Commission on the Economy and Climate. Major Economies Forum, Paris The Global Commission on the Economy and Climate Major Economies Forum, Paris Jeremy Oppenheim, Programme Director 11 th July 2014 Purpose of the Global Commission Reframe the debate about economic growth

More information

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable

More information

Low temperatures provide a poor increase in energy consumption. Decreasing economy lessens energy demand / Renewables continue to grow

Low temperatures provide a poor increase in energy consumption. Decreasing economy lessens energy demand / Renewables continue to grow Low temperatures provide a poor increase in energy consumption Decreasing economy lessens energy demand / Renewables continue to grow Berlin/Cologne (19 December 2012) - Energy consumption in Germany in

More information

Energy Efficiency Indicators for Public Electricity Production from Fossil Fuels

Energy Efficiency Indicators for Public Electricity Production from Fossil Fuels international energy agency agence internationale de l energie Energy Efficiency Indicators for Public Electricity Production from Fossil Fuels IEA Information paper In Support of the G8 Plan of Action

More information

A Cheaper Renewable Alternative for Belarus

A Cheaper Renewable Alternative for Belarus A Cheaper Renewable Alternative for Belarus Issue paper from INFORSE-Europe 1, by Gunnar Boye Olesen, July 2011 Summary Following the increasing fossil energy prices, the country of Belarus is struggling

More information

World Energy Outlook. Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014

World Energy Outlook. Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014 World Energy Outlook Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014 The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles:

More information

Netherlands National Energy Outlook 2014

Netherlands National Energy Outlook 2014 Netherlands National Energy Outlook 2014 Summary Michiel Hekkenberg (ECN) Martijn Verdonk (PBL) (project coordinators) February 2015 ECN-E --15-005 Netherlands National Energy Outlook 2014 Summary 2 The

More information

Decarbonisation and the Economy

Decarbonisation and the Economy October 2013 Decarbonisation and the Economy An empirical analysis of the economic impact of energy and climate change policies in Denmark, Sweden, Germany, UK and The Netherlands Our scope and process

More information

Germany's energy transition: Status quo and Challenges.

Germany's energy transition: Status quo and Challenges. Ulrich Benterbusch Germany's energy transition: Status quo and Challenges. 2 nd Session Group of Experts on Renewable Energy, UNECE, Geneva 1 Agenda. Energy transition: Status quo and official goals. German

More information

Impact of Changing Energy Patterns on EU Competitiveness Giovanni Brianza 30 April 2014 Energy prices in EU Gas prices in major EU manufacturing economies 2 3 times higher than in the US...... and industrial

More information

World Energy Outlook 2012. Presentation to the press London, 12 November 2012

World Energy Outlook 2012. Presentation to the press London, 12 November 2012 World Energy Outlook 2012 Presentation to the press London, 12 November 2012 The context Foundations of global energy system shifting Resurgence in oil & gas production in some countries Retreat from nuclear

More information

Fact Sheet on China s energy sector and Danish solutions

Fact Sheet on China s energy sector and Danish solutions Fact Sheet on China s energy sector and Danish solutions 1. EXPANSION WITH RENEWABLE ENERGY: China focuses on a massive expansion with non fossil energy that is renewable energy and nuclear energy. The

More information

How To Improve The Energy Situation In Europe

How To Improve The Energy Situation In Europe Low Carbon District Heating and CHP in the Future Energy Market: State of the Art and Perspectives in the light of the Energy Efficiency Directive Sabine Froning 31 January 2013 1 Euroheat & Power Unites

More information

Heating technology mix in a future German energy system dominated by renewables

Heating technology mix in a future German energy system dominated by renewables Heating technology mix in a future German energy system dominated by renewables Prof. Dr. Hans-Martin Henning Fraunhofer Institute for Solar Energy Systems ISE 4 th Congress of Polish Organization of Heat

More information

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030 1. Background On different occasions, Eurogas is asked to present its views on the future of the European gas industry. The forecasts are mainly needed for conferences and bilateral discussions with European

More information

Sweden Energy efficiency report

Sweden Energy efficiency report Sweden Energy efficiency report Objectives: o 41 TWh of end use energy savings in 216 o 2 reduction in total energy intensity by 22 Overview - (%/year) Primary intensity (EU=1)¹ 124 - -1.8% + CO 2 intensity

More information

Contents. Wind power sector facts. Growth drivers. Immediate challenges. Innovative and global response

Contents. Wind power sector facts. Growth drivers. Immediate challenges. Innovative and global response Wind power sector 'Keys to competitiveness on the international stage ESADE-Deloitte Jorge Calvet, Chairman of Gamesa Madrid, 1 July 2010 Contents 5 5 5 1 Wind power sector facts Growth drivers Immediate

More information

Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014. Mr. Henrik Breum Special Advisor

Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014. Mr. Henrik Breum Special Advisor Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014 Mr. Henrik Breum Special Advisor Agenda Danish Energy Model RE Policy Tools Introduction The Danish Energy Model Past, now

More information

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009 World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound

More information

Clean coal from a Vattenfall perspective

Clean coal from a Vattenfall perspective Clean coal from a Vattenfall perspective 14 April 2010 Torbjörn Wahlborg, Senior Executive Vice President Head of Business Group Nordic Vattenfall in brief Europe s fifth largest generator of electricity

More information

Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014

Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 Russia: energy market developments Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 IEA: 29 Members, worldwide engagement IEA member countries Accession countries Key Partner countries

More information

How To Understand The Global Energy Picture

How To Understand The Global Energy Picture Energy Perspectives 215 Long-term macro and market outlook Press seminar, Oslo, June 215 Eirik Wærness, Chief economist 2 Energy Perspectives 215 Macro and market outlook to 2 www.statoil.com/energyperspectives

More information

Avoiding fossil fuel costs with wind energy

Avoiding fossil fuel costs with wind energy Avoiding fossil fuel costs with wind energy A report by the European Wind Energy Association - March 2014 Avoiding fossil fuel costs with wind energy Data collection and analysis: Athanasia Arapogianni,

More information

Is fracking cracking the renewable industry? How big a threat is shale gas to renewables?

Is fracking cracking the renewable industry? How big a threat is shale gas to renewables? Is fracking cracking the renewable industry? How big a threat is shale gas to renewables? Infrastructure Investor: Renewable Energy Forum 2012 London, 30 th October 2012 Dragoș Tâlvescu on behalf Karen

More information

Energy Statistics in France

Energy Statistics in France Bernard Nanot Sous-direction des statistiques de l énergie SOeS / CGDD Energy Statistics in France Ministère de l'écologie, de l'énergie, du Développement durable et de la mer 1 The French statistical

More information

Annex 5A Trends in international carbon dioxide emissions

Annex 5A Trends in international carbon dioxide emissions Annex 5A Trends in international carbon dioxide emissions 5A.1 A global effort will be needed to reduce greenhouse gas emissions and to arrest climate change. The Intergovernmental Panel on Climate Change

More information

Energy Prices. Presented by: John Heffernan

Energy Prices. Presented by: John Heffernan Global Wholesale Energy Prices Presented by: John Heffernan Energy in 2012 In 2012, the growth in Energy consumption slowed in 2012 90% of this growth came from China & India Consumption & production of

More information

POSITION PAPER KEY MESSAGES

POSITION PAPER KEY MESSAGES POSITION PAPER RENEWABLES FOR HEATING AND COOLING AND EU SECURITY OF SUPPLY: SAVE OVER 20 BILLION EURO ANNUALLY IN REDUCED FOSSIL FUEL IMPORTS KEY MESSAGES 21 st May 2014 THE CURRENT SECURITY OF SUPPLY

More information

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy

More information

Kilian GROSS Acting Head of Unit, A1, DG ENER European Commission

Kilian GROSS Acting Head of Unit, A1, DG ENER European Commission Kilian GROSS Acting Head of Unit, A1, DG ENER European Commission 1 Climate and energy: where do we stand? 2008/2009 2011 2014 The EU climate and energy package 2 Climate and energy: where do we stand?

More information

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency World Energy Outlook 27: China and India Insights www.worldenergyoutlook.org International Energy Agency Why Focus on China & India? Increase in World Primary Energy Demand, Imports & Energy-Related CO

More information

A REScoop manifesto. REScoop policy priorities for the European Parliament elections 2014

A REScoop manifesto. REScoop policy priorities for the European Parliament elections 2014 A REScoop manifesto REScoop policy priorities for the European Parliament elections 2014 Renewable Energy: citizens take the initiative at grassroots level REScoop.eu is the federation of groups and cooperatives

More information

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets

More information

China s Future Generation Assessing the Maximum Potential for Renewable Power Sources in China to 2050 REPORT FEBRUARY

China s Future Generation Assessing the Maximum Potential for Renewable Power Sources in China to 2050 REPORT FEBRUARY REPORT FEBRUARY 2014 China s Future Generation Assessing the Maximum Potential for Renewable Power Sources in China to 2050 William Chandler, Chen Shiping, Holly Gwin, Lin Ruosida, Wang Yanjia Entri about

More information

Shale gas: Opportunities and challenges for European energy markets

Shale gas: Opportunities and challenges for European energy markets Shale gas: Opportunities and challenges for European energy markets Jeroen de Joode Arjan Plomp Özge Özdemir Brussels February 25, 2013 www.ecn.nl Outline Introduction What could be the impact of potential

More information

The role of coal in the UK generation industry. Philip Garner - Director General of the Confederation of UK Coal Producers

The role of coal in the UK generation industry. Philip Garner - Director General of the Confederation of UK Coal Producers The role of coal in the UK generation industry Philip Garner - Director General of the Confederation of UK Coal Producers Recent History In 1983 there were 170 underground mines owned by the National Coal

More information

Security of electricity supply

Security of electricity supply Security of electricity supply Definitions, roles & responsibilities and experiences within the EU Thomas Barth Chairman of Energy Policy & Generation Committee EURELECTRIC Outline Security of Supply a

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

WORLD ENERGY INVESTMENT OUTLOOK 2014 FACTSHEET OVERVIEW

WORLD ENERGY INVESTMENT OUTLOOK 2014 FACTSHEET OVERVIEW OVERVIEW More than $1.6 trillion was invested in 2013 in energy supply, a figure that has more than doubled in real terms since 2000, and a further $130 billion to improve energy efficiency. Renewables

More information

FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE. The Danish Levelized Cost of Energy Calculator

FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE. The Danish Levelized Cost of Energy Calculator FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE The Danish Levelized Cost of Energy Calculator Low carbon transition is a multifaceted challenge involving political, technical and economic elements. Denmark

More information

Volatility, risk and risk premium in German and Continental power markets

Volatility, risk and risk premium in German and Continental power markets Volatility, risk and risk premium in German and Continental power markets Stefan Judisch / Andree Stracke RWE Supply & Trading GmbH 22 nd January 2015 RWE Supply & Trading PAGE 0 Agenda 1. What are the

More information

Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin

Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin Opening remarks Good morning / afternoon everyone. I am very grateful for the invitation to join you and I am

More information

Norwegian position on the proposed EU framework for climate and energy policies towards 2030

Norwegian position on the proposed EU framework for climate and energy policies towards 2030 Norwegian position on the proposed EU framework for climate and energy policies towards 2030 The EU plays an important role as a global leader in climate policy and has a fundamental interest in strengthening

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Belgium Smart Grid Day. 18 th October 2012, Brussels Alex Murley, IEA

Belgium Smart Grid Day. 18 th October 2012, Brussels Alex Murley, IEA Belgium Smart Grid Day 18 th October 2012, Brussels Alex Murley, IEA OECD/IEA 2012 Agenda IEA Smart Grid Analysis IEA TechPlatform How2Guide initiative OECD/IEA 2011 CO 2 emissions (gigatonnes) WEO2011:

More information

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet

More information

energy [r]evolution A Sustainable World Energy Outlook

energy [r]evolution A Sustainable World Energy Outlook energy [r]evolution A Sustainable World Energy Outlook Wolfram Krewitt 1th Annual Renewable Energy and Energy Efficiency Expo June 14, 27 Washington Folie 1 > Vortrag > Autor It is not important to predict

More information

EU renewable energy and biofuel targets what will they mean?

EU renewable energy and biofuel targets what will they mean? EU renewable energy and biofuel targets what will they mean? Background The EU Commission has today tabled proposals for reductions in carbon dioxide emissions a 20% cut by 2020. Alongside this legally

More information

Where to start: Understanding building energy use

Where to start: Understanding building energy use Buildings energy efficiency sessions done in partnership with: Energy Efficiency Training Week Where to start: Understanding building energy use Buildings Session 1 Energy Efficiency Training Week Buildings:

More information

UNECE Energy Week Geneva. in Energy Security

UNECE Energy Week Geneva. in Energy Security UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector

More information

FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN

FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN FULL SOLAR SUPPLY OF INDUSTRIALIZED COUNTRIES - THE EXAMPLE JAPAN Dr. Harry Lehmann 1 It has long been known that to protect people and the environment from both nuclear risks and dangerous levels of climate

More information

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS 1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS EXECUTIVE SUMMARY Energy policy in Greece has the potential to make a significant contribution to the country s economic recovery. Increasing competition and

More information

The solution to the climate crisis: a just transition to 100% renewable energy for all by 2050

The solution to the climate crisis: a just transition to 100% renewable energy for all by 2050 The solution to the climate crisis: a just transition to 100% renewable energy for all by 2050 Towards a universally accessible, affordable, and zero emissions energy system. November 2015 Summary To avoid

More information

2014 BP Madrid forum on energy & sustainability BP 2014

2014 BP Madrid forum on energy & sustainability BP 2014 14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the

More information

CORRIGENDUM Annule et remplace le document COM(2014) 21 final du 22.1.2014. Concerne la version EN uniquement, page 6, page 9 et figure 9.

CORRIGENDUM Annule et remplace le document COM(2014) 21 final du 22.1.2014. Concerne la version EN uniquement, page 6, page 9 et figure 9. EUROPEAN COMMISSION Brussels, 29.1.2014 COM(2014) 21 /2 CORRIGENDUM Annule et remplace le document COM(2014) 21 final du 22.1.2014. Concerne la version EN uniquement, page 6, page 9 et figure 9. COMMUNICATION

More information

Module 1: Introduction to Industrial Energy Management

Module 1: Introduction to Industrial Energy Management Module 1: Introduction to Industrial Energy Management Organisations that successfully manage energy have business processes to plan, monitor, and control energy use, just as they do for other corporate

More information

Issue. September 2012

Issue. September 2012 September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy

More information

Briefing. European Strategic Energy Technology Plan (SET-Plan) and NER300

Briefing. European Strategic Energy Technology Plan (SET-Plan) and NER300 Briefing European Strategic Energy Technology Plan (SET-Plan) and NER300 by Dr T. Chaviaropoulos SET-Plan Steering Group member MinENV Athens, Nov. 2010 European Strategic Energy Technology Plan (SET-Plan)

More information

Nuclear power is part of the solution for fighting climate change

Nuclear power is part of the solution for fighting climate change Nuclear power is part of the solution for fighting climate change "Nuclear for Climate" is an initiative undertaken by the members of the French Nuclear Energy Society (SFEN), the American Nuclear Society

More information

WORLD ENERGY OUTLOOK 2012 FACTSHEET How will global energy markets evolve to 2035?

WORLD ENERGY OUTLOOK 2012 FACTSHEET How will global energy markets evolve to 2035? How will global energy markets evolve to 2035? Taking all new developments and policies into account, the world is still failing to put the global energy system onto a more sustainable path. The New Policies

More information

Energi och gas ivår omvarld. Thina Margrethe Saltvedt, Chief Analyst Macro/Oil (Ph. D.) April 2014 @ThinaSaltvedt

Energi och gas ivår omvarld. Thina Margrethe Saltvedt, Chief Analyst Macro/Oil (Ph. D.) April 2014 @ThinaSaltvedt Energi och gas ivår omvarld Thina Margrethe Saltvedt, Chief Analyst Macro/Oil (Ph. D.) April 2014 @ThinaSaltvedt US shale gas soon aiming for new markets higher oil and natural gas prices Shale formations

More information

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Mike Jackson, Sarah Joy, Thomas C. Heller, and David G. Victor Working Paper

More information

International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center)

International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) Good morning. Sayin Bakanım. Members of Parliament. Ladies and Gentlemen. Slide 1: Opening

More information

Anita Rønne. Análisis del marco normativo de las redes inteligentes en Europa The European legal framework for smart grids

Anita Rønne. Análisis del marco normativo de las redes inteligentes en Europa The European legal framework for smart grids Análisis del marco normativo de las redes inteligentes en Europa The European legal framework for smart grids Anita Rønne Faculty of Law, University of Copenhagen Member of the Energy Regulatory Authority

More information

Electricity and natural gas price statistics 1

Electricity and natural gas price statistics 1 Electricity and natural gas price statistics 1 Source: Statistics Explained (http://epp.eurostat.ec.europa.eu/statistics_explained/) - 21/11/2011-09:11:44 Electricity and natural gas price statistics Data

More information

Analysis of the EU Renewable Directive by a TIMES-Norway

Analysis of the EU Renewable Directive by a TIMES-Norway Analysis of the EU Renewable Directive by a TIMES-Norway NorRen Summer School Arne Lind Institute for Energy Technology 07.08.2012 Outline The EU Renewable Directive (RES) Definition Targets Implications

More information

ENERGY SECTOR JOBS TO 2030: A GLOBAL ANALYSIS

ENERGY SECTOR JOBS TO 2030: A GLOBAL ANALYSIS ENERGY SECTOR JOBS TO : A GLOBAL ANALYSIS Final report For Greenpeace International Authors Jay Rutovitz, Alison Atherton Institute for Sustainable Futures UTS 2009 Disclaimer While all due care and attention

More information

The Challenge of the Energy Transition

The Challenge of the Energy Transition The Challenge of the Energy Transition Eindhoven university of Technology May 23, 2013 Michiel Boersma, Top team Energie Agenda 1. The Energy Transition Background: Why? Dutch Situation 2. Challenges Historical

More information

DEVELOPMENT AND STATUS OF THE USE OF AGRICULTURAL RESIDUES FOR ENERGY IN DENMARK HISTORY AND POLICY DRIVERS

DEVELOPMENT AND STATUS OF THE USE OF AGRICULTURAL RESIDUES FOR ENERGY IN DENMARK HISTORY AND POLICY DRIVERS Department of Geosciences and Natural Resource Management DEVELOPMENT AND STATUS OF THE USE OF AGRICULTURAL RESIDUES FOR ENERGY IN DENMARK HISTORY AND POLICY DRIVERS Inge Stupak IEA Bioenergy Task 43 IEA

More information

Norwegian Energy Production and Consumption

Norwegian Energy Production and Consumption Norwegian Energy Production and Consumption Peter Føllesdal Brown Assistant Director General Energy and Water Resources Department, MPE Oslo, 13 May 2015 Norway and EU Commissioner Miguel Arias Cañete

More information

Fuel cell microchp: Greener and cheaper energy for all

Fuel cell microchp: Greener and cheaper energy for all Fuel cell microchp: Greener and cheaper energy for all Paddy Thompson General Manager Business Development Ceramic Fuel Cells Ltd. May 2013 1 What does our generation mix look like today? 2 Will the lights

More information

Wind energy scenarios for 2020. A report by the European Wind Energy Association - July 2014. Wind energy scenarios for 2020

Wind energy scenarios for 2020. A report by the European Wind Energy Association - July 2014. Wind energy scenarios for 2020 A report by the European Wind Energy Association - July 2014 1 WIND ENERGY SCENARIOS FOR 2020 Content Background...3 Reasons for the new scenarios...3 Proposed new scenarios...3 Text and analysis: Jacopo

More information

Power Generation. Lilian Macleod Power Supply Manager National Grid

Power Generation. Lilian Macleod Power Supply Manager National Grid Power Generation Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same size and in a straight line. This text box and image can

More information

Smart Energy Systems Energy Efficient Buildings and the Design of future Sustainable Energy Systems

Smart Energy Systems Energy Efficient Buildings and the Design of future Sustainable Energy Systems Smart Energy Systems Energy Efficient Buildings and the Design of future Sustainable Energy Systems Henrik Lund Professor in Energy Planning Aalborg University Renewable Energy Systems A Smart Energy Systems

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

Wood Pellets for Power and Heat. Gordon Murray, Executive Director

Wood Pellets for Power and Heat. Gordon Murray, Executive Director Wood Pellets for Power and Heat Gordon Murray, Executive Director Bioenergy overview Carbon cycle What are wood pellets and how are they made? Pellets for power Pellets for heat The wood pellet industry

More information

Electricity & Gas Energy & Energy Services

Electricity & Gas Energy & Energy Services Electricity & Gas Energy & Energy Services International Development Executive Training Programme for Young Energy Leaders Energy Charter Secretariat Brussels 29 October 2013 César Ortiz Sotelo Deputy

More information

Levelized Cost of New Electricity Generating Technologies

Levelized Cost of New Electricity Generating Technologies Levelized Cost of New Electricity Generating Technologies The Energy Information Administration (EIA) produces forecasts of energy supply and demand for the next 20 years using the National Energy Modeling

More information

«Money for Nothing. The invasion of Renewables» Structural changes in the Italian Power Market

«Money for Nothing. The invasion of Renewables» Structural changes in the Italian Power Market «Money for Nothing The invasion of Renewables» Structural changes in the Italian Power Market 21 January 214 FABRIZIO RINALDI Director Edison Trading Italian power prices remain high compared to Central

More information

The Social Costs of Energy Consumption

The Social Costs of Energy Consumption The Social Costs of Energy Consumption Literaturliste Prof. Dr. Olav Hohmeyer Universität Flensburg Rio 02 World Climate & Energy Event Copacabana Palace, Rio de Janeiro 6.-11. January 2002 Prof. Dr. Olav

More information

Waste-to-Energy in Europe

Waste-to-Energy in Europe Waste-to-Energy in Europe Instrumental in EU Waste and Energy Policy Goals Antonio Bonomo, Federambiente, Italy Confederation of European Waste-to-Energy Plants 1 CEWEP Confederation of European Waste-to-Energy

More information

Energy Efficiency and Renewable Energy Sources in Sweden

Energy Efficiency and Renewable Energy Sources in Sweden Energy Efficiency and Renewable Energy Sources in Sweden Swedish Energy Agency www.stem.se Yelena Varasteh yelena.varasteh@stem.se Slovakia, 24-25 April 2006 Total energy supply in Sweden in 2004 Total

More information

EU Energy Policy and the Energy Situation in Germany

EU Energy Policy and the Energy Situation in Germany IIPS Japan Policy Commentary EU Energy Policy and the Energy Situation in Germany By Mikihiko Shimizu Senior Research Fellow at IIPS Introduction Japan s energy policy is undergoing fundamental review

More information

Finance in implementing a sustainability policy. Frans Rooijers - director CE Delft

Finance in implementing a sustainability policy. Frans Rooijers - director CE Delft Finance in implementing a sustainability policy Frans Rooijers - director CE Delft CE Delft Independent research and consultancy since 1978 Transport, energy and resources Know-how on economics, technology

More information

The energy transition in the power sector: State of affairs 2015

The energy transition in the power sector: State of affairs 2015 The energy transition in the power sector: State of affairs 2015 Review of major developments in Germany Patrick Graichen, Mara Marthe Kleiner, Christoph Podewils BERLIN, 7 JANUARY 2016 Key Findings 1

More information