Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Energy Price Volatility and Recession Have for the First Time Replaced Climate Framework as the Top Issue for Energy Leaders- World Energy Council  Join our daily free Newsletter

MENAFN Press - 23/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) High energy price volatility has for the first time replaced global climate framework as the top critical uncertainty driving the world energy agenda, according to the 2014 World Energy Issues Monitor, released by the World Energy Council (WEC)



Global climate framework uncertainty, while still a key issue, is now perceived by energy leaders to have less impact than in the previous three years of the study. Meanwhile, carbon capture, utilisation and storage (CCUS) is still viewed as a technology with only a limited impact on the energy sector, continuing the clear trend over the past three years



Speaking at the report launch, Christoph Frei, WEC Secretary General, said



"The fact that both climate framework and CCUS are perceived to be issues of less impact is bad news not only in terms of emissions mitigation, but also for the development of robust and resilient energy infrastructure. Our energy systems are in a state of massive expansion and transition, and the signals we see today provide clear evidence of the urgent need for more robust, coherent, long-term frameworks for planning our future investment.



The WEC study further finds that energy leaders are increasingly concerned about the sector's ability to access the capital markets for funds towards energy infrastructure, when set against a continued recessionary backdrop



Meanwhile, renewable energy and energy efficiency continue to be of concern, with growth shifting from Europe and North America to the Middle East where demand is rapidly rising. Large hydropower is back on the agenda with significant unrealised potential in central Africa, Latin America, Russia, and Canada



The 2014 World Energy Issues Monitor is a six-month study capturing the views of over 800 energy leaders including ministers, chief executives and the heads of the WEC's national members committees covering 84 countries. The report looks at the global energy agenda and analyses the trends and outlook in six world regions plus 24 countries

The study highlights strong regional variations. In addition to energy prices, the top regional critical uncertainties are:



‚Africa: climate framework, commodity prices

‚Asia: renewable energy

‚Europe: global recession

‚Latin America & Caribbean: commodity prices, capital markets

‚Middle East & North Africa: energy efficiency, renewable energy

‚North America: nuclear energy, capital marke


About World Energy Council
World Energy Council

 


MENAFN Press




  MENA News Headlines
 Jul 7 2015 - Dollar price against Egyptian pound stabilises, market anticipates CBE's next stepDaily News Egypt
(MENAFN - Daily News Egypt) he price of the US dollar against the Egyptian pound stabilised on Monday after witnessing two consecutive increases on Thursday and Sunday, during which it increased by ...

 Jul 7 2015 - Egypt- Are Ramadan charity campaigns backfiring?Daily News Egypt
(MENAFN - Daily News Egypt) A happy family gathering around Iftar after a long, tiring day of fasting turns into sadness and sorrow while watching a little girl on TV with a burned face crying out ...

 Jul 7 2015 - Egypt- Holy month unleashes hail of donation campaignsDaily News Egypt
(MENAFN - Daily News Egypt) With the beginning of Ramadan, a major burst of commercials asking for donations took over each and every TV channel. The excessive amount of commercials is not a foreign ...

 Jul 7 2015 - FIFA's Blatter unwittingly pinpoints football governance's prime issuesDaily News Egypt
(MENAFN - Daily News Egypt) Embattled FIFA president Sepp Blatter unwittingly put his finger on two fundamental issues that underlie a corruption scandal that has rocked world football governance, ...

 Jul 7 2015 - Emaar Egypt shares decline to EGP 3.71 per shareDaily News Egypt
(MENAFN - Daily News Egypt) Emaar Egypt's shares were traded at EGP 3.71 per share, lower than the price of their initial public offering (IPO), on the second day of Egyptian Stock Exchange (EGX) ...

 Jul 7 2015 - New budget of EGP 5bn allocated to Cairo Capital project: Housing MinisterDaily News Egypt
(MENAFN - Daily News Egypt) The New Urban Communities Authority (NUCA) has adopted its new budget for the current fiscal year (FY) 2015/2016, valued at EGP 33.2bn, according to Minister of Housing ...

 Jul 7 2015 - Egypt- Qalaa Holdings signs initial agreement to exit Misr Glass Manufacturing Company: Official statementDaily News Egypt
(MENAFN - Daily News Egypt) Qalaa Holdings Company, alongside a number of Misr Glass Manufacturing Company share holders, signed an initial agreement to sell 15.18% of the latter company's shares to ...

 Jul 7 2015 - Egypt- EATC organises annual meeting, suppliers currently stand by board of directorsDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian Automotive and Trading Company (EATC), the Volkswagen and Audi agent in Egypt, held its annual meeting in an Iftar in the presence of Karim Naggar, EATC's ...

 Jul 7 2015 - Egypt- Tetra Pak still pursuing recycling project, looks at other partnersDaily News Egypt
(MENAFN - Daily News Egypt) Tetra Pak, a leading food processing and packaging solutions company, is still pursuing the recycling project it announced in 2013 with Akef Pack-tec, an Egyptian shopping ...

 Jul 7 2015 - Egypt -Ministry of Tourism sets cost of participating in 3 international exhibitions at â‚2,500: ETAADaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Tourism set the cost for companies and hotels participating in the next three tourist exhibitions, which will be held outside Egypt until April 2016, at ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help