Statnett participated in the presentation of the World Energy Outlook in Brussels on November 29. This report summarizes the analyses the International Energy Agency (IEA) has done on the energy market in the coming years, and provide important signals to a variety of stakeholders and policy-making bodies worldwide.
Statnett's CEO Auke Lont participated in the panel that discussed this year's report, and he took the opportunity to challenge the IEA’s view of renewable energy.
- I'm more optimistic than the IEA when it comes to renewable energy. Just look at what happened with the proliferation of solar power in Germany. This is not something anyone had foreseen only a few years ago, said Lont.
- I think electricity as an energy carrier will play a greater role in the future, and that this could change the entire energy market.
More electricity needed
Fatih Birol, Chief Economist of the IEA, stated in his address that the proportion of fossil fuels in the energy supply has remained constant at 82 percent for many decades.
- The situation for renewable energy will partly depend on what kind of subsidies we'll see in the future, but even with subsidies, we will still have 75 percent fossil energy, said Birol.
- There are challenges, but without producing and using more electricity, it will be difficult to achieve the IPCC target that the temperature should not rise more than two degrees globally, said Lont.
- To succeed with this in a European context we need a more integrated market, better infrastructure and common policy objectives rather than a patchwork of national solutions.
A more integrated market
During a reception Statnett held the day before the designated President General of DG Energy of the European Commission , Dominique Ristori , stressed the need to integrate the European energy market better.
- In the future, we need to prioritize energy efficiency, an integrated European market and trading across borders. We need more interconnectors to support an integrated European market, said Ristori.