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Global Energy Scenarios Comparison Review

In anticipation of the 24th World Energy Congress, the Council is refreshing its global energy foresight and updating its global scenarios narratives. The focus is on an ‘innovation twist to 2040’ and the use of scenarios to explore and navigate new exponential growth opportunities for accelerating successful energy transition in an era of epic and disruptive innovation. As a part of the refresh, the Council has conducted a comparison study of global energy scenarios in order to test the continued plausibility, relevance and challenge of its own existing scenario set. By comparing the methods, narratives and assumptions associated with a benchmarkable set of global energy futures initiatives and studies, the Council seeks to provide our members with clearer understanding and new insights on energy transition while preparing them to better engage with leadership dialogues which pivot on visions of a new energy future.

World Energy Issues Monitor 2019

In its tenth year, The World Energy Issues Monitor 2019: 'Managing the Grand Transition' published by the World Energy Council, provides a snapshot of the current priorities, facing global energy leaders.

 

The report looks at the global energy agenda and analyses the trends and outlook in six world regions and over 90 countries.

 

The 2019 edition summarizes the views of over 2,300 energy leaders including ministers, chief executives and the heads of the WEC’s national member committees.

Study Results YEP Austria

The Young Energy Professionals (YEP) Programme is an interdisciplinary network of young energy leaders from members and partners of WEC Austria. The YEP Programme  was initiated by the London office of WEC. The first cycle was launched in October 2015 and lasted until autumn 2018. The topics covered by the participants in the first cycle included the energy transition, investments and subsidies and the effects of digitalization of Austria's energy sector. The results of the first cycle are available in the reports "Energy Future in Austria - Current Trends and Approaches for Innovation" and "Digitalization in the Energy Sector".

World Energy Insights – Blockchain

The blockchain in the energy market has the first hype behind it. The technology is being used in more and more (pilot) projects, such as decentralised supply models (P2P). But is the regulatory framework in the energy market already fit for blockchain? Where changes may be necessary to raise further potential for new solutions. The World Energy Council discussed these questions in 39 interviews with representatives from the energy industry, politics and research. The majority of respondents agreed that market participants must first develop a new block-chain-capable market before the regulatory authorities can intervene.

The developing role of blockchain

This WEC White Paper looks at the potential of Blockchain Technology for the energy sector. Although blockchain is gaining wide-spread acknowledgement and use in the sector, there are still a number of uncertainties surrounding the technology and a combination of technological, regulatory and other practical challenges could stall its growth.

 

Among other things, the following questions are treated:

 

What are blockchain’s opportunities and risks in the energy sector? How will blockchain impact company and state value chain infrastructure related to the energy sector?

World Energy Trilemma Index 2018

The goals to be achieved in the 'Energy Trilemma' are defined by the World Energy Council (WEC) as
  • secure energy supply
  • access to affordable energy
  • sustainability in the generation and consumption of energy
Each country pursues its own strategy to solve the energy trilemma. In the current Energy Trilemma Index of the WEC 125 countries are judged. With 11th place in this year's ranking, Austria was able to improve one position.

Energy Efficiency: A straight path towards energy sustainability

Energy efficient technologies can be found in all parts of the energy conversion chain: from exploration and production of primary energy resources, to power generation and oil refineries to electricity grids, to the final use in industry, buildings and transportation. But it is not only the technical potential which is crucial for successful introduction of energy efficient technologies. To assess the full potential of such technologies and identify the path towards their successful market introduction, it is necessary to consider their economic, realisable and also realistic potential.

 

Introduction of energy efficiency policies and measures has been growing fast around the world. The increasing number of countries with an energy efficiency law signifies a strengthening and consolidation of the institutional commitment to energy efficiency.

 

This report gives an assessment of progress in reducing energy consumption. Overall, energy efficiency improvements have saved the world 3.1 gigatonnes (Gtoe) of primary energy consumption and 7Gt of CO2 over the last 15 years.

World Energy Scenarios 2016: The Grand Transition

'World Energy Scenarios: The Grand Transition' is the conclusion of a three-year study, built by a network of more than 70 members, from over 25 countries, and quantified with a global multi-regional energy system model. In producing the World Energy Scenarios, the World Energy Council collaborated with Accenture Strategy and the Paul Scherrer Institute to explore likely futures for the Grand Transition – a world of lower population growth, radical new technologies, greater environmental challenges, and a shift in economic and geopolitical power – looking to 2060.

 

Each of the three scenarios describes the development of a possible future energy system at the global and regional level.