WEC Bulgarian Energy Day

18th June 2010

Climate change policybeyond 2012

The WEC 3 A’s

WEC: To promote the sustainable supply

and use of energy for the greatest

benefit of all

• Energy Accessibility

• Energy Availability

• Energy Acceptability

The 3 As are influenced by

by several issues. In recent

WEC studies we highlighted

Market design, Carbon

trading, Vulnerability.

Main sectors in EU-27:

Energy supply and transport

European share on global GHG-emissions

USA21%

OECD-Europe15%

Japan4%

Russia9%

China21%

India4%

Other Asia5%

Middle East5%

Africa3%

Latin America3%

Rest10%

Comparison of the electricity generation

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

USA EU-27 China India World

Indexed kWh/capita (World=1) Indexed g CO2/kWh (World=1) Indexed (World = 1)

Key messages:

• GHG emissions are globally still rising

• Major contributor is the fossil fuel combustion,especially for electricity production.

• Technological solutions are present, but need time until they will contributelargely to a further GHG reduction

• Europe will be part of the solution mainlyin terms of clean technology development.

• An effective combat against climate changeneeds a global solution. Europe can show the wayand demonstrate efforts, but other important regionsshould move and establish their pathways.

Technology contributions

Scenario results for 2030

Power Sector Investments

Cost implications

Climate change has in the end to be solved by technology

- There is a huge portfolio of technologies at demand and supply side that have the potential to reach deep cuts in GHG emissions;

- Technology must be accompanied by life style changes;

- All these technologies must be accessible without exclusion;

- Electricity is the only energy vector that can be further decarbonised in the foreseeable future through a range of technologies and offers the prospect of low carbon road transport through the hybrid and electric vehicle and of contributing to low carbon heating through heat pump systems.

- Technology diffusion will not come by itself, there is a need for a whole range of policy measures including education and information, providing a long term price signal for GHG emissions, efficiency standards, R&D, incentives and support schemes;

Conclusions and recommendations

- We need a global price on CO2 emissions

- We need more support for climate friendly technologies

- Investments are key – longer horizons needed

- Re-balancing necessary: Security of supply and Affordable energy

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