World Energy Council: Emerging Disruptive Trends and Technologies Top Global Energy Agenda
A new survey highlights shifting priorities in the energy sector with an increasing impetus towards a lower carbon future. Disruptive technologies including renewable energies and energy efficiency are impacting top action priorities for energy leaders globally in 2017.
Renewables ranked high in impact within every region identified in a survey of more than 1,200 energy leaders in 95 countries. Solar has seen immense growth in installed capacity reaching 227GW by the end of 2015, while global wind power generation capacity increased at a rate of 17.2% in 2015.
In its eighth year, The World Energy Issues Monitor 2017: ‘Exposing the new energy realities‘ published by the World Energy Council, provides a snapshot of the current priorities, facing global energy leaders.
Dr Christoph Frei, Secretary General of the Council said: “Our survey shows energy leaders face and acknowledge disruptive change. The Issues Monitor illustrates that innovation issues such as digitalisation, decentralisation, innovative market design or electric storage rapidly gain traction, while a more difficult growth context and new physical and digital risks are posing ever greater threats to the energy sector. Today defining the energy agenda globally, five years ago these issues were far from being a priority.”
Other findings include:
- Commodity price volatility remains number one critical uncertainty
- Shifts in geopolitical power due to a renewed focus on US policy, Brexit and uncertainty over EU cohesion
- New physical and virtual risks – Cyber-attacks are posing ever greater threats to the energy sector
- Talent acquisition and retention will become a major focus as new technologies continue to reshape the energy industry
The report will be launched in Washington and Japan on 6 April, followed by further presentations at regional events. It will also be sent to government ministries in more than 90 countries and will be previewed at the United Nations Sustainable Energy for All Forum in New York on 4 April.
Dr Frei commented: “The survey indeed illustrates the tensions that emerge against the context of the grand energy transition. The report does not find reasons why the current high dynamics in the energy sector would slow down. How the different regions decide to address the challenges and tensions identified in our report will define the agendas for the future.”