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FT716
(BEC) executive director
Tina Schirr welcomes the
release of the World Energy
Council’s Issues Monitor for 2020.
The Issues Monitor provides a
snapshot of what keeps energy
policymakers, CEOs and leading
experts in 104 countries awake at
night.
The survey looks at 42 issues and
how they are perceived by energy
leaders from different parts of the
world. Issues are divided into zones
of certainty and impact: critical
uncertainties, action priorities and
weak signals.
“WEC’s Issues Monitor tool helps
us identify the major trends and
topics impacting the energy sector.
The tool offers valuable insights
into the complex issues involved in
accelerating the energy transition,”
Ms Schirr says
This year’s Issues Monitor reveals
Carbon Capture & Storage (CCS)
is gaining in importance within the
oil and gas sector, and while energy
generation opinions differ globally,
nuclear power remains important in
Europe.
The analysis also reveals the strained
trade relations between the US and
China have led to higher uncertainty
across all regions.
A seven-year tracking of more than
100 New Zealand’s energy leaders’
perspectives on energy issues shows
that priority attention is being given
to climate framework, innovative
transport and sustainable cities.
Meanwhile, electricity prices have
moved towards the weak signals
area.
The hydrogen economy emerges
from a weak signal towards the
critical uncertainties, highlighting
increasing importance and impact
being attributed to this issue in New
Zealand.
Along with South Korea, Japan
and China, New Zealand sees the
hydrogen issue with higher impact
than the global and regional average.
“Government initiatives continue to
explore how use renewable energy
sources to produce hydrogen as a
next generation fuel in a sustainable
way.”
Positively, the monitor shows
sectors are beginning to act with
governments to design pathways for
the wider adoption of renewables,
digitalisation, energy efficiency,
energy storage, and other innovative
technologies as part of national
energy transitions.
“Customers are set to play a decisive
role in the transition in the coming
decade as they become more
empowered through technology
and information, this was also one
of the key findings of our BEC2060
scenarios,” Ms Schirr says.
“The social costs and implications
of an accelerating global energy
transition are becoming more
pressing. BEC welcomes innovations
and investments that lower
emissions in the energy sector.”
Carbon free
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