key factors in defining the future of the global energy landscape‏
Last Updated : GMT 05:21:58
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Last Updated : GMT 05:21:58
Arab Today, arab today

Key factors in defining the future of the global energy landscape‏

Arab Today, arab today

Arab Today, arab today Key factors in defining the future of the global energy landscape‏

Global Energy Security Conference 2015
London - Arab Today

From Africa's Sahel, a region still under the fist of terrorists groups, to Libya, a country on the brink of a civil war, to Sudan, picking up the pieces of South Sudan's civil war, to Egypt, which is managing a bitter transition, to Syria , a country on a full scale civil war , to Iran, a country in the pursuit of implementation of a deal with the West related to its nuclear programme,  to Iraq, a country still struggling with the recovery from the 2003 war and the 2014 Islamic State Invasion, to Shi'a - Sunni struggles in Bahrain and Yemen, which can escalate to Saudi Arabia, to the Ukraine -Russia crisis which is escalating very quickly,  to Venezuela, a country dealing with political instability.
These are all global hot spots that exist on the routes of supply to the biggest share of oil and gas in the world. These current geopolitical factors and future scenarios will definitely raise challenges related the possibility of supply disruption, the cost of securing energy supply and the volatility of oil and gas prices.
 
The price of oil and eventually cost of energy will depend to a significant extent on development in these spots. The world's biggest energy consumers are trying to balance between dealing with these challenges and seeking alternatives.  
 
To some extent, renewables are considered alternatives to challenges in global oil and gas markets; renewables provide reliable, clean and sometimes efficient sources of energy. Some countries from the most vulnerable in terms of energy access have successfully relied on renewables in filling their energy needs. Costa Rica secures 95% of its energy needs through renewable, Nicaragua aims to reach 94% of its energy needs through renewable by 2017. The Paraguay dams provide 90% of its electricity and almost 20% of Brazil's. Iceland achieves 100% of its electricity supply through renewable sources. Morocco has launched this week the world's largest solar plant. Morocco was chosen to host the next United Nations climate change conference (COP 22) in November 2016
 
Although, the scale of demand of these countries is small, they can present models that be assessed for countries with low electricity access in Africa and Asia. For the developed countries, the EU set a target of a minimum of 30% of renewable energy by 2030.
 
Professor Ali Sayigh, Chairman of World Renewable Energy Congress states "Solar and Wind Energy will supply 50% of Global Electricity by 2030".
 
The Global Diplomatic Forum will gather world leading experts and senior officials at the Global Energy Security Conference on the 25th and 26th of February to discuss issues related to the Global Energy Market.

 

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key factors in defining the future of the global energy landscape‏ key factors in defining the future of the global energy landscape‏

 



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key factors in defining the future of the global energy landscape‏ key factors in defining the future of the global energy landscape‏

 



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