Annual Meeting of the New Champions 2010

  • Solving the Energy Puzzle

    Wednesday 15th September 2010 - 10:45am - 11:45am

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  • Solving the Energy Puzzle

    Energy governance is highly fragmented globally and the scope of issues (efficiency, renewables, security and safety) is highly interlinked.

    How can policy-makers and industry leaders from developed and emerging economies collaborate further on this critical global issue?

    Key Points

    • Governments the world over face the challenges of meeting present and future energy demands for their citizens, improving sustainability, and connecting the 1.5 billion people who lack access to modern energy to the system.
    • The goal of energy governance is to deliver energy security.
    • Aligning interests and encouraging communication will help, but solutions will arise first on a national level.

    Synopsis

    With the diffusion of political and energy power, international governance is more complex. Energy ministers from producing and consuming countries encouraged collaboration between IEA and OPEC officials; this has been a silent revolution in energy governance. Yet, it is difficult to coordinate energy policy on an international level. Even on a national level goals shift rapidly, especially with shifts in administrations. Planning for change to come from national, bottom-up initiatives is much more realistic that expecting an enforceable international framework.

    One participant decried an overemphasis on renewable energy sources. Oil, the main source of the world’s energy now and for the foreseeable future, was missing from the debate on energy security. The extreme volatility of oil markets kills investments not only in oil but also in related energy sectors. Increasing links among stakeholders in the oil, energy and financial markets would stabilize the oil price and improve global energy governance.

    Other Key Takeaways


    Just as some developing companies skipped the fixed-line telephone system and leapfrogged to mobile technology, solar energy could provide the same revolution.

    Session Panellists

    Gao Jifan

    , Chairman and Chief Executive Officer, Trina Solar (TSL), People's Republic of China

    Noé Van Hulst

    , Secretary-General, International Energy Forum (IEF), Saudi Arabia

    Tulsi R. Tanti

    , Chairman and Managing Director, Suzlon Energy, India

    Yang Fuqiang

    , Director, Global Climate Solutions, WWF International, WWF - World Wide Fund for Nature - China, People's Republic of China

    Moderated by

    Simon Zadek

    , Visiting Senior Fellow, Center for Government and Business, John F. Kennedy School of Government, Harvard University, USA; Senior Adviser, Sustainability, World Economic Forum; Global Agenda Council on Global Institutional Governance

    Disclosures


    This summary was written by Isaac Stone Fish. The views expressed are those of certain participants in the discussion and do not necessarily reflect the views of all participants or of the World Economic Forum.

    Copyright 2010 World Economic Forum
    No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of the World Economic Forum.

    Wednesday 15 September

    Keywords: Energy, security, stability, governance

Speakers

  • Noé Van Hulst Noé Van Hulst

  • Tulsi Tanti Tulsi Tanti
    Chairman, Suzlon Energy, India

    Chairman, Suzlon Group; has grown the group to be the fifth largest wind turbine manufacturer in the...

  • Yang Fuqiang Yang Fuqiang
    Senior Adviser on Energy, Environment and Climate Change, Natural Resources Defense Council, People's Republic of China

    1977, BSc in Physics, Jilin Univ., China; 1991, PhD in Industrial Engineering, West Virginia Univ. M...

  • Gao Jifan Gao Jifan
    Chairman and Chief Executive Officer, Trina Solar, People's Republic of China

    1985, BSc in Chemistry, Nanjing University; 1988, MSc in Physical Chemistry, Jilin University. Found...

Moderated by

  • Simon Zadek Simon Zadek
    Co-Director of the UNEP Inquiry on Options for a Sustainable Finance System, United Nations Environment Programme (UNEP), Switzerland

    Formerly: Task Force on Environment, Trade and Investment, China Council on International Cooperatio...