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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 started in October 2015, had 29 participants and lasted until autumn 2018.

The following topics were dealt with in five working groups:

WG 1: Oil in Austria's energy mix

WG 2: Energy future in Austria

WG 3: Technical innovations

WG 4: Business models/impact of digitalization in the power sector

WG 5: investments and subsidies


Currently, the results from working groups 2 and 4 are available.

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.

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.

World Energy Issues Monitor 2018

In its ninth year, The World Energy Issues Monitor 2018: 'Perspectives on the Grand Energy 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 95 countries.

 

The 2018 edition summarizes the views of over 1,200 energy leaders including ministers, chief executives and the heads of the WEC’s national member committees.

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?

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.

RES integration in electricity systems 2016 – How to get it right

Renewable Energy Sources (RES) offer many benefits, such as CO2 emissions mitigation, fossil fuels import requirement reduction and new jobs creation, just to name a few. The study identifies these challenges and offers solutions based on the experience of industry operators around the world.

World Energy Perspectives: The road to resilience, 2016

Energy systems must be smarter, not just stronger, to withstand the risks from extreme weather events, the energy-water-food nexus and cyber-attacks. The "Road to Resilience" series shows the evolution of these risks, their impact on infrastructure and identifies measures to improve the financing conditions and resilience of global energy systems to cope with these new challenges.