The World Energy Council’s definition of energy sustainability is based on three core dimensions: energy security, energy equity, and environmental sustainability. Balancing these three goals constitutes a ‘trilemma’ and is the basis for prosperity and competitiveness of individual countries.
The World Energy Trilemma 2017 report Changing dynamics – Using distributed energy resources to meet the Trilemma challenge, prepared in partnership with global consultancy Oliver Wyman, along with the Global Risk Centre of its parent Marsh & McLennan Companies, tapped into the global insights of the traditional and emerging players in the
As the Grand Energy Transition fast becomes a reality, the minds of global energy leaders are becoming increasingly focussed on long term trends that threaten existing economic and business models rather than concerns about short term risks.
The research conducted by the World Energy Council together with ADEME since 1992 concludes that energy efficiency continues to improve all over the world but despite the significant advances, much more can and should be done to improve the efficiency of energy production and use.
The energy landscape has changed with most countries achieving a more diversified energy mix as well as a growth in community ownerships and an evolution of micro grids.
Access to electricity and clean cooking has improved for the 125 Index countries to 85% and 74% respectively since 2000. At the same time cleaner forms of energy are being used for each dollar created, with CO2 intensity decreasing to 0.27tCo2/US$ in 2014, and the share of renewables in the global energy mix going up to 9.7% in 2015.
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.
Environmental goods represent a trade market of approximately US$ 1trillion annually. Reducing barriers to trade and investment would support cost effectiveness and efficient decarbonisation of the energy sector leading to more sustainable and accessible energy systems, finds a new report by the World Energy Council.
Over the next five to ten years, passenger vehicle manufacturers will be confronted with regulatory pressure and material penalties as gains in fuel economy fall behind the required rates of improvement set to address environmental preservation and climate change mitigation.
The energy sector is at a transition point and faces a number of growing challenges. Innovative policies and technologies are the key to addressing these challenges according to a new report by the World Energy Council.
