Energy
Introduction
The energy related activities of the World Economic Forum focus on creating new insights, and a platform for stakeholders to act upon some of the most important energy issues. Current focus issues include:
- New Energy Architecture - Many countries struggle to upgrade their energy systems to fully support current and future requirements of energy security and access, sustainability and economic growth. This work area looks into pathways to creating a more effective transition towards a new energy architecture.
- Energy for economic growth - As the world struggles to emerge from a global recession and financial crisis, countries are looking for solutions to improve domestic economic performance and put people back to work. The energy sector constitutes a relatively modest share of GDP in most countries, except for those in which oil and gas income loom large. However, the energy sector’s impact on the economy is greater than the sum of its parts. Most importantly, almost none of the economy’s goods and services could be provided without it. Thus, stable and reasonable energy prices are needed to reignite, sustain and expand economic growth. The World Economic Forum is works in partnership with IHS CERA on this topic.
- Resource Scarcity - Conditions of both scarcity and abundance of natural resources - energy, metals, minerals, water, food and agricultural land - will have major implications for all stakeholders, particularly thanks to the increasingly powerful interconnections and dependencies between these resources. As increasing demand dynamics and the potential for restricted supply create multiple pressures globally in economic, social and humanitarian terms, it is critical for stakeholders collectively to seek a deeper understanding of the drivers of resource availability, potential scenarios of abundance and scarcity under different assumptions, and pathways for market- and policy-driven solutions. This is a cross-industry workstream engaging stakeholders from energy, agriculture, and resource extraction industries.
- Energy Industry- Society relations: Building Trust - towards improved relations between the energy industry and society. This focus area addresses the issue of how to increase trust in the relationship between the energy industry and society. Expectations to the energy industry are multiple and changing, many stakeholders argue there is an increasing gap between public expectations and the industry's ability to deliver on those, an issue explored within our energy partnership.