World Energy Council destroys the field stereotypesand schedules the development of sustainable energy calling policy makers in the energy fieldand industry leaders to realism.

During the World Energy Congress in 2013, which was opened in Daegu (South Korea), the World Energy Council introduced a number of widespread stereotypes about energywhich greatly brake the efforts of the state, industryand society as a whole to create sustainable energy.

The research of the World Energy Council cited in the “Scenarios of World Energy” report shows that despite of a significant increase in the share of renewable energy sources from the current 15% to 20-30% in 2050, in absolute terms, the amount of fossil fuel needed to supply global energy demand will be 16 000 000 000 tn. e. in the scenario “Jazz” (scenario is repelled from consumers)and 10 000 000 000 tn. e. in the scenario “Symphony” (scenariois repelledfrom consumers) in comparison with 10,400 million tn. e. in 2010.This corresponds to reducethe volume of fossil fuels in absolute terms by 5% in scenario “Symphony” and increase it by 55% in scenario “Jazz”.

If we want the best use of energy systems for the benefit of society and the economy, attention focus should be deposed from the question of the relationship of various energy sources to the subject of effective demand.To reduce the intensity of energy use, we need investment in the field of regulation of power drains, innovations, incentives and more strict technical standards.Control of pricing, subsidies, trade barriers and absolute targets for individual technologies distort a market job that may have unintended consequencesso, policy makers in the field of energy shoulduse these tools very rarely.

Stable, predictable and transparent schemes giving the market freedom of implementing a conscious choice in the field of innovations, technologies and investments, are necessary.“Energy trilemma” provides excellent basis for assessing each country for their own political risks and efforts towards the development of a balanced, predictable and consistent policies and institutional arrangements.World Energy Council study has revealed a low level of the agreement between investors and governments on the nature, price and cost risks.Thus, it is critically important to improve the understanding of the risks’ nature and ways to determine their prices. In the absence of such an understanding of the country will not be attractive to investors.

Source: greenevolution.ru