World energy priorities highlighted

 

A new report published by the World Energy Council, “Exposing the New Energy Realities”, provides a snapshot of the current priorities facing global energy leaders. It 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.

Renewables ranked high in impact within every region identified in the survey of more than 1300 energy leaders in 95 countries. Solar has seen immense growth in installed capacity reaching 227 GW by the end of 2015, while global wind power generation capacity increased at a rate of 17,2% in 2015.

Dr. Christoph Frei, the council’s secretary general says that the survey shows that energy leaders face and acknowledge disruptive change. The report 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.

Other findings in 2017 include new physical and virtual risks – cyber-attacks are posing ever greater threats to the energy sector. Also, commodity price volatility remains a critical uncertainty.

Contact Lucy Chakaodza, World Energy Council, chakaodza@worldenergy.org

 

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Source: EE plublishers

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