The World Energy Council released its strategic narrative statement to the public.

Published during the 24th World Energy Congress in Abu Dhabi, this document outlines three new perspectives and ten areas for action that will be conveyed through the four days of the event.

The theme of the 24th World Energy Congress is “Energy for Prosperity”. The Congress is the flagship triennial event of the World Energy Council, convening energy ministers, CEOs, financiers and innovators.

It provides the ideal platform for the global energy community to come together in achieving energy transitions that enrich lives without prejudice in relation to any single source of energy.

The strategic narrative statement identifies new perspectives emerging from leadership perception:

Moving beyond volume-based, commodities growth to enabling consumer-centric services.
A growing acceptance of the Energy Trilemma.
Avoiding climate crisis is more challenging and adaptation will require a mix of all technologies and broader innovation.
Recognising that fragmented leadership poses the biggest risk of all.

The statement also identifies 10 areas for action and new opportunities for sustainable prosperity and people:

Adopt a whole energy system leadership stance
Adopt a healthy mix of technologies
Accelerate trade in clean molecules
Enable energy infrastructure action planning
Enable new market designs
Promote international dialogue on useful access and socially just energy transitions
Provide networked, and flexible security and invest in ‘dynamic’ resilience
Strengthen sector coupling strategies for affordable and deeper decarbonisation
Develop a new economics of energy transition
Close the skills and capabilities gaps

About the World Energy Council

The World Energy Council is the principal impartial network of energy leaders and practitioners promoting an affordable, stable and environmentally sensitive energy system for the greatest benefit of all.

Formed in 1923, the Council is the UN-accredited global energy body, representing the entire energy spectrum, with over 3,000 member organisations in over 90 countries, drawn from governments, private and state corporations, academia, NGOs and energy stakeholders.

We inform global, regional and national energy strategies by hosting high-level events including the World Energy Congress and publishing authoritative studies, and work through our extensive member network to facilitate the world’s energy policy dialogue.

Source: Natalie Vinters


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