World Energy Issues Monitor 2021
The annual World Energy Issues Monitor provides a unique insight into what energy policy makers, CEOs and leading experts identify as critical uncertainties and priorities for action. In doing so, against the backdrop of the crisis caused by the ongoing COVID 19 pandemic, the energy transition agenda was reshaped and reset by surveying more than 2,500 energy leaders from 108 countries in 2021. The report shows:
For developing and emerging countries, the focus remains on access to energy, especially electricity. In this context, market design issues are also becoming increasingly important.
For industrialized countries, the further expansion of renewables and increasing energy efficiency, i.e., transforming the energy supply toward zero emissions as quickly as possible, are at the top of the agenda. Financing is also seen as a challenge.
In Austria, further economic development, the energy transition and cyber security risks are seen as both uncertain and relevant. Energy storage innovations and carbon abatement represent other relevant topics. Regional integration, decentralization, renewable energy, energy efficiency and urban design were identified as fields of action in Austria.
WEC Austria thanks all participants for their support, combined with the request for further good cooperation.
YEP Austria: Results from the Working Groups
The Young Energy Professionals (YEP) programme is an interdisciplinary network of young executives from members and partners of WEC Austria and is based on an initiative of the London WEC office.
The 1st cycle was launched in October 2015 and lasted until autumn 2018. The topics covered by the participants of the 1st cycle included the energy turnaround, investments and subsidies or the effects of digitisation on Austria's energy industry. The results of the 1st cycle are available in the reports "Energy Future in Austria - Current Trends and Approaches for Innovations" and "Digitisation in the Energy Industry".
The 2nd cycle started in February 2018 ended 2020. Future perspectives were developed in working groups on the topics of storage & grids, buildings, industrial processes, oil & gas and #emission2030. The final reports of the working groups on "buildings" and "storage & grids" are now available.
World Energy Trilemma Index | 2020
The goals to be achieved in the 'Energy Trilemma' are defined by the World Energy Council (WEC) as
Each country pursues its own strategy to solve the energy trilemma. In the current Energy Trilemma Index of the WEC 128 countries are judged.
- secure energy supply,
- access to affordable energy,
- sustainability in the generation and consumption of energy.
Austria ranks fourth in the current worldwide Trilemma Index Ranking.
Innovation Insights – Role of TSO’s in Energy Transition
The energy transition, which entails a fundamental change in the energy supply system, creates new challenges for transmission system operators. In the past, a few large power plants in the transmission grid were responsible for the central provision of energy. Due to the expansion of renewable energies, the number of decentralized power generation facilities is increasing rapidly. These feeders, consumers or storage facilities are mainly connected to the distribution networks. Due to the large number of wind power- and PV systems with mostly weather-dependent generation, a variety of challenges have to be solved. Existing processes must be changed and new technical solutions created. Above all, however, distribution network operators are playing an increasingly important role in the security of electricity supply. At the same time, intensive coordination between distribution and transmission system operators is also becoming increasingly important. This publication is dedicated to the future role of transmission system operators in a flexible energy world and provides recommendations for action.
Innovation Insights – Energy Storage
As the global electricity systems are shaped by decentralisation, digitalisation and decarbonisation, the World Energy Council’s Innovation Insights Briefs explore the new frontiers in energy transitions and the challenges of keeping pace with fast moving developments. We use leadership interviews to map the state of play and case studies across the whole energy landscape and build a broader and deeper picture of new developments within and beyond the new energy technology value chain and business ecosystem.
With major decarbonisation efforts and the scaling up of renewable power generation, the widespread adoption of energy storage continues to be described as the key game changer for electricity systems. Affordable storage systems are a critical missing link between intermittent renewable power and a 24/7 reliability net-zero carbon scenario.
We interviewed energy leaders from 17 countries, exploring recent progress in terms of technology, business models and enabling policies. We showcase these in 10 case studies.
World Energy Scenarios 2019
The World Energy Scenarios 2019 report provides an update of the Council’s global energy scenarios. The three musically-named scenarios are:
- Modern Jazz, which represents a "digitally disrupted" and market-driven innovative world.
- Unfinished Symphony, a future in which more "intelligent" and circular economic growth models drive clean, affordable and sustainable energy transition and
- Hard Rock, which explores the consequences of inward-looking policies and weaker and unsustainable economic growth, in a more fragmented world.
The updated World Energy Scenarios provide new insights into the broader and fast-shifting landscape of innovation, which is emerging from within and beyond the energy system and includes not only new energy technologies but also policy, business model and social innovations. The scenarios highlight how different combinations of innovation accelerators –the "Constellations of Disruptions"– might trigger and scale to enable alternative energy pathways and disrupt existing value chains.
Cyber Challenges to the Energy Transition
The energy sector is experiencing a transformation, new synergies are being realised through linking operational, information technology, and communication systems: the sector’s digital footprint is rapidly expanding. Digitalisation and the development and transformation of energy supply chains are at the core of many government and businesses priorities.
At the same time, digitalisation presents new challenges. For example, cyber or digital disruption risk can affect every operation within the supply chain. Digitalisation requires new, agile risk management approaches to match its evolving risk profile and ensure it the energy system continues to be effective and reliable.
This Report explores the complexities and interconnections of cyber resilience in an energy system context. It applies the Council’s Dynamic Resilience framework concept as a tool to trace system vulnerabilities and holistic approaches to built-in resilience.
Energy Company of the Future: Rethinking everything
A perfect storm of factors is upending the traditional energy industry’s economics. In the face of this roiling change, energy companies can no longer proceed with business as usual. Their survival hinges on a bold rethinking of their business and operating models. energy companies will not only need to transform the role they play in the broader energy industry, but also how they operate, work with their supply ecosystem and interact with end consumers. Digital will be the foundation of this transformation, helping the industry unlock trillions of dollars in new value.
The World Energy Council has launched an exclusive Innovation Insights Brief: Energy Infrastructure: Affordability Enabler or Decarbonisation Constraint? The brief contains key insights from interviews with global leaders across the energy sector.
Transitioning to a decarbonised energy system will result in stranded infrastructure assets or lead to their early decommissioning. The Insights Brief responds to the emerging need for a coordinated action plan to minimise costs. It offers a set of principles to design an effective plan for energy infrastructure.
Affordability Enabler or Decarbonisation Constraint?
Innovation Insights – Hydrogen Economy
The World Energy Council launched the Innovation Insights Brief: "New Hydrogen Economy - hope or hype?". The brief contains exclusive insights based on interviews with the key global leaders across the energy sector. Interviewees answered the questions about what is new and what are the critical factors for hydrogen as a key actor of the Grand Transition. The Insights Brief provides the reader with an overview of the current state of play for hydrogen as a part of energy transition and showcases emerging opportunities in four sectors: mobility, power, heat and industry. Common to all interviews was the fact that clear and long-term energy policies, along with cross-sector cooperation are necessary for the deployment of hydrogen.