World Energy Outlook – energy mix for the post-COP21 world

The recent outcome of the American elections has the potential to affect the global context for world energy, yet the momentum post COP21 and Marrakech suggests a turning point and consensus on tackling climate change. But will market dynamics change for oil, natural gas and coal, or is the slump in prices for some fuels a new normal? Will this provide a greater impetus for renewable technologies and greater energy efficiency? Will market dynamics change for oil, natural gas and coal or might the slump in prices for some fuels be here to stay? Can renewables continue to rise amid fierce competition from fossil fuels and other low-carbon options? What policies and measures are necessary to support stable long-term investment beyond 2020? What challenges remain for integrating renewable power into the electricity market and what are the prospects for renewables playing a greater role in heating and cooling? And how can governments address the impact of local pollution, often energy-related, on air quality, and what would these actions mean for the energy sector? We debated the issues at a 'High-level Conference' event on 21 November 2016 in Brussels. Presentation of the report by: Fatih Birol, Executive Director of the International Energy Agency (IEA) Introductory remarks by: Maroš Šefčovič, European Commission Vice President for Energy Union Panel discussion by: Fatih Birol, Executive Director of the International Energy Agency (IEA) Maroš Šefčovič, European Commission Vice President for Energy Union Jane Burston, Head of Climate and Environment at the UK National Physical Laboratory and European Young Leader (EYL40) Jenny Larsson, Vice President of Business Unit Heat at Vattenfall and Chairwoman of the Board in Gotlands Energi Eirik Waerness, Senior Vice President and Chief Economist at Statoil Moderator: Dharmendra Kanani, Director of Strategy at Friends of Europe