Electricity CEOs call for clear stable policies to reach CO2, energy goals
October 11, 2015 – An association of the world’s leading electricity firms today lit a picture of a future high-tech enabled world energy mix that would help nations meet climate-related CO2 reduction pledges and the expanding demand for electricity.
In a report for the upcoming world climate summit (COP21, Paris, Nov. 30 – Dec. 11), the 11-member Global Sustainable Electricity Partnership catalogs innovations and technologies in development industry-wide for the generation, distribution and storage of energy, as well as to reduce its use.
The report describes the outlook for some 50 existing and emerging technologies related to electricity generation (25), systems (11, eg. grids, batteries and other means of energy storage), and use (14, eg. energy efficiency, lighting).
It also outlines electricity trends in key regions and countries: Europe, USA, China, Japan, Brazil and India, stressing that an optimal combination of existing and new technologies will vary from country to country, even within geographical regions.
Variables include the structure and state of local and regional electricity systems, the availability of energy resources, the development of industry and the speed at which the less mature technologies improve in terms of performance and cost.
In an open letter, the group’s top executives jointly underline four core policy-making principles needed to foster the industry innovation and investment required to meet ambitious climate and energy goals, beginning with secure, stable, clear, consistent and long-term policies and a system-wide perspective.
“We, the undersigned leaders of electricity companies participating in the Global Sustainable Electricity Partnership, believe that electricity can play a major role in responding to the climate challenge. While we recognize our different operating situations, we are aware of the common issues and opportunities we share and believe that optimization of efficient existing technologies, and especially innovation in new technologies, are the cornerstones on which to build the energy transition. The world is faced with the challenge of reducing greenhouse gas emissions to address climate change while ensuring economic growth and development. Electricity is at the heart of this response.”
The report, Powering Innovation for a Sustainable Future, the outcome of a two year international consultation process, concludes: “Energy efficiency and technological innovation in the electricity sector are essential to both reduce emissions and improve the quality of life of citizens around the world. COP21 policymakers are well positioned to help accelerate the development and deployment worldwide of energy efficiency measures and of innovative technologies with effective policies.”
In their open letter, the top executives urge policy makers to embrace four core principles:
- Establish secure, stable, clear, consistent and long-term policies that address critically important energy, legal/regulatory economic development, financial and environmental matters with the goal of ensuring an adequate supply of cleaner, secure, reliable, accessible and affordable electricity to tackle climate change.
- Develop a systemic approach to electricity systems which takes into account the interrelations and synergies between the various elements of the electricity value chain, in order to enable electricity providers to plan, design, construct and operate the most advanced electricity systems with the goal of providing cleaner, reliable, sustainable, secure, flexible, and resilient electricity infrastructures.
- Promote and engage in public-private partnerships that facilitate decision making among electricity providers, government representatives, and private stakeholders and that foster the development and deployment of new commercially available technologies.
- Make urgent progress with innovative research, development and demonstrations of advances economically viable technologies that will stabilize and reduce greenhouse gas emissions (GHG) and accelerate the efficient generation, delivery and end-use of electricity.
“Together, we are leading the way in the global effort to avoid, and reduce carbon dioxide emissions by optimising technologies in the right mix, amount, time and place,” the executives say.
“By systematically optimising and applying the full portfolio of advanced technologies as they become commercially available, we believe that sustainable progress can be made over time to help meet global climate challenges.”
About the Global Sustainable Electricity Partnership
With a combined total of 1.2 billion customers, the 11 GSEP utilities — American Electric Power (USA), Électricité de France, Eletrobras (Brazil), ENEL (Italy), EuroSibEnergo (Russia), Hydro-Québec (Canada), Iberdrola (Spain), Kansai Electric Power Company (Japan), RusHydro (Russia), RWE (Germany) and State Grid Corporation of China — delivered about one third of the world’s electricity last year, of which approximately 60% was generated with no direct CO2 emissions, from hydro, other renewables and nuclear.
The group has 2 .4 million employees, 4,000 of them dedicated to research and development, and invests roughly $3 billion in R&D each year.
Based in Montreal, the Global Sustainable Electricity Partnership (GSEP, globalelectricity.org) is a non-profit organization playing an active role on international global electricity issues and promoting sustainable energy development through electricity projects and human capacity building activities in developing and emerging nations worldwide.
The full report Powering Innovation for a Sustainable Future is available here