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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 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.

WEC Rules of Trade and Investment

The design of our future energy system is a key political task. The desired transition from a fossil to a renewable energy system presents many challenges, but also creates prospects and opportunities for the economy and the labor market.

 

The study highlights measures, through which the objectives of the energy, environmental and climate policy are best achieved.

E-mobility: Closing the emissions gap

Electric vehicles will need to increase their combined market share from the current 1% to 16% by 2020 to achieve the aggressive fuel economy standards set by regulators.

 

That’s the conclusion of new WEC report, which states that electric vehicles should be considered central to any policy and technology portfolio designed to lower transport emissions.

Energy-Water-Food Nexus

This report focuses understanding how the energy sector can better manage impacts on land and water whilst still aiming to balance the Energy Trilemma. The initial findings lay out the initial understanding of the risks posed by the energy-water-food nexus in the energy industry. By understanding how to technically and financially address these risks, the report provides recommendations for the energy industry to work together with the financial community, investors and policymakers to share and promote measures that must be incorporated into energy infrastructure design and investment decisions.

Unconventional gas, a global phenomenon

The growth of unconventional gas is spreading across the world with major implications over many years for markets and prices according to a new WEC study 'Unconventional gas, a global phenomenon', which looks at where and how fast the revolution is taking place.

E-storage: Shifting from cost to value 2016

Energy storage could be a game-changer for renewables. Affordable, efficient storage would enable volatile renewable energies to be better integrated into electricity systems, it would greatly improve the economics of home solar systems, even allowing people to go off-grid, and it could help catalyse a revolution in electric cars as well as helping to solve the problems of the grid going down or grid overload. This report seeks to interrogate what the cost base of an array of storage technologies really means. The key conclusion is that a narrow focus on levelised cost alone can be misleading. Throughout the cost modelling process, the same issues repeatedly emerged, namely the importance of defining the business model under consideration and how the storage plant was being operated.