Together. Free your energies. Introduction to New Build

Size: px
Start display at page:

Download "Together. Free your energies. Introduction to New Build"

Transcription

1 Introduction to New Build Colette Lewiner Nuclear Construction Summit Washington, October 26, 2009

2 Agenda Global Energy Outlook Present Crisis impact Nuclear renaissance Present status Impact of economic recession: contrasted situations Conclusion 2

3 Population and economic growth will redraw the map in 2030 Billion 10 OECD Population Average annual growth, % Non-OECD Trillion ($2000) 80 GDP (at constant exchange rates) 2.8% $ 000 per capita (2000$) Per capita GDP 1.8% 37 Mboe/d 300 Energy demand % % % % % 2 0.2% % % % IEA report estimates at $26,300bn the Oil, Gas and Electricity infrastructure worldwide investments needed by 2030 (IEA World Energy Outlook 2008) Source: United Nations, World Population Prospects 2006; IEA; Total. 3

4 How to limit our energy consumption and our CO2 emissions? Energy consumption: increase from BRICs and other developing countries will not be balanced by the stabilization of developed world countries resulting in an overall 1.2% per year growth Our planet fossil fuel resources are limited: 40 years in Oil, 60 years in Gas, 146 years in Coal. We need to use them cautiously and they generate CO2 We have to limit our Green House Effect Gases (including CO2) emissions in order to avoid global warming which would be very damageable for our planet Carbon capture and storage is at a development stage and very expensive (increases by 50% the kwh cost). It could eventually be implemented. World energy-related CO2 emissions abatement Source: IEA, Climate Change excerpt, Oct Energy savings together with Renewable and Nuclear energy are needed. 4

5 Agenda Global Energy Outlook Present Crisis impact Nuclear renaissance Present status Impact of economic recession: contrasted situations Conclusion 5

6 Market Evolution: The crisis effect Prices Dropped Electricity Prices Carbon Price (CIF ARA) & Gas Price (Zeebruge) The oil price drop created a bigger relief in the economic recession than the cumulated stimulus plans Governments will try to avoid a significant oil price increase Spot gas prices historically low Source: Tendance Carbone, Sept

7 Market Evolution: The crisis effect Fall in Demand and CO 2 Emissions Main European countries H electricity consumption fell by 5% and gas consumption by 8% compared to H (mainly due to industrial sector decline of 10-20%monthly) electricity total consumption to drop worldwide by 3.5% & gas consumption by similar amount. CO2 emissions drop mainly resulting from fall in energy consumption: In 2008, the drop for the ETS sectors emissions in Europe was around 3.7% (compared to 2007) and the total European CO2 emissions should have dropped by 1.5%. A further 3% drop for 2009 anticipated. Renewables: The 2020 target is challenging: 20% in energy consumption translates into 33% in electricity generation shares we are at 16% Primary Energy Consumption European CO2 Emissions Consumption and CO2 emission drops are more cyclical than structural. More actions need to be taken at European and worldwide level. However in the USA the Waxman Markey bill and the cap and trade system are encountering difficulties. The Copenhagen summit outcome is very uncertain. Source: EEMO#11 no reuse before publication on Nov. 16,

8 Financial Crisis Impact on Utilities companies To restore consumer buying power, governments could impose windfall taxes or set caps on energy prices. As a result of oil prices drop, Utilities are benefiting from lower gas prices but.. wholesale prices are strongly decreasing Utilities revenue is decreasing as a consequence of the economic difficulties of their clients. What about their margins? And credit rating? After an intensive activities in Mergers and Acquisitions, Their war chests have decreased Their gearing levels have increased Credit crunch and demand decrease are impacting negatively investments in plants, grids, and pipelines. Long-term Decline in Credit Quality (US Utilities) Source: The Financial Crisis and Its Impact On the Electric Utility Industry, Edison Electric Institute, Feb Utilities with strong balance sheets are needed 8

9 After M&As, divestments are announced Main European Utilities War Chests Evolution* War chests have decreased Investments are delayed Early this year half of the top ten US utilities have announced reductions to planned capital investments 2.7 $ bn) In Europe big players are announcing investments cuts: E-ON from 36 to 30 bn, ENEL from 44 to 32 bn Divestment plans are announced E-ON & ENEL: 10bn, EDF: 5 bn Security of Supply: : In Europe, UCTE revised down its forecast from 50,000 MW to 20,000 MW of additional electricity generation needed to maintain security of supply. However many generation projects are delayed (Mds ) War War War chest *Source: chest SG Equity chest research 07/ change GDF SUEZ 16,0 19,9 30,9 + RWE 24,2 23,5 9,3 -- Centrica 6,9 10,2 3,8 -- Endesa -0,9-0,4 2,7 + EVN 0,2 0,1 2,1 + E.ON 28,2 26,6 1,5 -- Scottish & Southern Energy 4,0 3,5 0,03 - Verbund 1,3 1,5 0,01 + Iberdrola -1,9-4,0-0,02 - EDF 26,9 29,3-11,1 -- Gas Natural 2,6 2,9-14,1 -- ENEL 12,4-27,7-20,8 + War chest is the potential debt calculated as 3XEBITDA less the existing debt level Utilities appetite for new investments is decreasing. An upturn in investments after the crisis is unsure and could be insufficient 9

10 Agenda Global Energy Outlook Present Crisis impact Nuclear renaissance Present status Impact of economic recession: contrasted situations Prerequisites for a sustained nuclear renaissance Conclusion 10

11 After the crisis the energy demand will pick up World energy-related CO2 emissions Source: IEA, Climate Change excerpt, Oct World power generation capacity in the 450 scenario Meeting the demand while curbing CO2 emissions will become again the main issue; nuclear energy is part of the solution 11

12 Nuclear Energy development is key to meet the future challenges After the end of the crisis we will see many of the precrisis challenges come back: Tight global energy demand and supply Limited resources, insufficient investments and increasing demand from developing countries Aging infrastructure in Western countries creating need to build new power pants Global energy security of supply: Oil and Gas resources are concentrated in a limited number of countries Uranium is abundant and well spread geographically; it is only small component of total nuclear energy cost Climate Change issues calling for carbon free energy sources Nuclear with hydropower are the only carbon-free schedulable energy source able to produce large volume of electricity as at affordable cost Nuclear industry has matured up: safety, workers radioprotection, plant availability and economics have improved Nuclear energy is back in the game 12

13 We are witnessing a nuclear renaissance Worldwide, 436 reactors are in operation, 44 under construction and 382 planned or forecasted (April 2009, World Nuclear Association) The biggest future investors are in Asia (China, Japan and India), Russia, Ukraine and UAE Overview of existing nuclear plants and project capacities (as of April 2009) USA China France Japan Russia Ukraine South Korea India Canada UK Germany In operation Under construction Planned Proposed South Africa Sw eden Spain Sw itzerland Brazil UAE Italy Vietnam Poland Source: World Nuclear Association 13

14 Impact of recent events on nuclear renaissance: Common points Negative: Fossil energy prices decline CO2 prices decline Demand slow down Credit crunch impacting project development However differences according to project owner: Whether it is in the public or private sector.: projects supported by State don t require the same ROI as do private investors The size of its market capitalisation The strength of it s balance sheet. Positive: Construction costs should decrease Public opinion getting more positive Decreasing incentives for renewables Security of supply back on the European agenda Global Green House Gases emissions reduction objective is widely adopted Electricity generating costs in selected regions Costs include a carbon value of $30 per ton of CO2 in the European Union. In 2015, coal refers to supercritical steam. In 2030, coal refers to IGCC for the United States, ultra supercritical steam for Europe and China, and supercritical steam for India. Gas refers to CCGT. Source: IEA World Energy Outlook 2008 Different regional impacts of the crisis on nuclear development lead to contrasted situations 14

15 Agenda Global Energy Outlook Present Crisis impact Nuclear renaissance Present status Impact of economic recession: contrasted situations Conclusion 15

16 US: a contrasted situation Negatives Stronger financial crisis impact than in other regions Smaller Utilities: Investment in a large PWR represents about 10% of the balance sheet of an average US Utility versus 3%-4% for EDF, RWE or E-ON) Impact of New US administration positions : No new nuclear or coal plants may ever be needed in the United States, Jon Wellinghoff chairman of FERC No solution for the used fuel after President Obama decision to cancel Yucca Mountain project A lot of funds going to renewable energies First delays and cancellation: Ameren is walking away from it s EPR plant project in Missouri Progress Energy Florida announced plans to put back by 20 month the construction schedule for two WAP1000 units Significance of the level of funding (3rd annual Platt s/capgemini Utilities Executive study) Very Significant Somewhat Significant Not Very Significant Not At All Significant Will Not Appropriate funding Renewable Energy Use Smart Grid Nuclear power Percentage Electricity generation capacity additions by fuel type, (gigawatts)

17 US: a contrasted situation Positives Many Utilities have new reactor projects Under the 2005 energy law, $18.5 billion Federal Loan Guarantee will be allocated. Projects are being assessed Vendors are investing in plants to manufacture components for these new reactors: Areva/Northrop Grumman, Westinghouse/the Shaw group, BWX Technologies Projections by CERA* 4 to 8 reactors operating by 2020 President Obama to set a commission on spent fuel disposal Investments in cutting-edge nuclear energy research and development: $44 million funds from DOE allocated In response to Jon Wellinghoff declaration Senator Lindsey Graham said: I m afraid if we follow his advice, we may be marching into darkness. * CERA: Cambridge Energy Research Associates Nuclear is on the mid-term agenda; Steven Chu I'm supportive of the fact that the nuclear industry should be part of the mix. 17

18 A nuclear revival in Europe Europe Finland: First EPR reactor in construction at Olkiluoto. Government to decide about a 6th unit France: EPR reactor in construction at Flamanville Second EPR at Penly to be built from 2012 Italy: The new government plans new nuclear build. In February 2009, EDF formed a JV with Enel to conduct feasibility studies for 4 EPRs Sweden: The government decided to cancel the present phase out policy Germany: After the recent elections, the Phase Out policy will be abandoned. An important move for Europe too. Former Eastern Europe Countries Programs to invest in new nuclear plants This winter gas crisis has strengthen these plans Russia and the former CIS Russia: By 2030 nuclear share of electricity is expected to grow to 25% (16% now). However, scale back of the construction program due to economic recession. Ukraine: Plan to build and commission 11 new reactors by 2030 Support for nuclear production has grown significantly in the European Union The crisis should have a limited impact on this renaissance. Don t know 18

19 United Kingdom: a steady progression for an ambitious program Target of 25 GW new nuclear built by 2030 European Utilities are targeting new UK reactors build: EDF acquired British Energy RWE/EON consortium formed GDF-Suez/ Iberdrola and Scottish & Southern UK government is following its path for launching new nuclear plants: National Policy statement by end 2009 Sites selection process: NDA sites allocated to E.ON and RWE at Wylfa E.ON and RWE at Oldbury EDF Energy at Bradwell Some British Energy sites will be auctioned by EDF Waste and Decommissioning policy (end 2009): Consultation launched for establishing a fixed price for the disposal of intermediate level waste and spent fuel from new nuclear reactors Generic Design Assessment (early 2011) International collaboration decided Indicative Pathway to Possible New Nuclear Power Stations Despite this progression, commissioning new plants in 2018 will be challenging Source: A White Paper on Nuclear Power; in: The Centre for International Governance Innovation: Nuclear Energy Futures 19

20 India: a new play ground Very large electricity growth and large investment needs Diversification of fuel mix to benefit India on commercial, environmental and security of supply fronts Nuclear is part of the energy mix 17 existing nuclear plants 6 reactors under construction Big government push Plan for MW nuclear capacity operational by 2020 and for 25% of electricity from nuclear power by 2050 Boosted by The new international agreements allowing India to access international technology despite them not signing the Non Proliferation Treaty Nuclear vendor s competition BU By GW needed to sustain 8% growth Energy Requirement Installed Cap Election s results confirmed the government nuclear policy MW 20

21 China: a strong acceleration Operation 1. Nuclear Power Development Under Construction Early Stage Anhui Wuhu NPP Hubei Xianning NPP Hongyanhe NPP Haiyang NPP Rushan NPP Rongcheng NPP Jiangsu Second NPP Tianwan NPP Qinshan NPP I,II,III In March 2009, China Nuclear Energy Agency proposed to increase the nuclear capacity from 40 to at least 75 GW in Nuclear will account then or 5% of total installed capacity and 8% of power generation. Each year, for the following 10 years, China needs to launch around 6 new large reactors Fangchenggang NPP SanmenNPP The Extension Project of Qinshan NPP Phase II The Extension Project of Qinshan NPP (Fangjiashan) Fuqing NPP Ningde NPP Daya Bay NPP Ling Ao NPP I Ling Ao NPP II Yangjiang NPP Taishan NPP Hainan Changjiang NPP 21

22 Agenda Global Energy Outlook Present Crisis impact Nuclear renaissance Present status Impact of economic recession: contrasted situations Conclusion 22

23 Conclusion The economic crisis could delay the implementation or expansion of nuclear power programmes in some countries for a limited period, but in the medium and long term global demand for energy will continue to increase significantly as countries everywhere seek to improve living standards, the director-general of the International Atomic Agency said The OECD Nuclear Energy Agency s (NEA) high projection is for global nuclear power capacity to grow by around 66 percent by 2030, However many prerequisites need to be in place for this worldwide nuclear renaissance to sustain and turn into a success. Effective nuclear non-proliferation control Stringent safety management Mastering the exceptionally long project lifetimes and large investments Ensuring nuclear energy s financial competitiveness Smooth industrial ramp up and Re-build the human competencies Public opinion acceptance 23

AREVA Forward-looking Nuclear Energy. Karl-Heinz Poets AREVA South America

AREVA Forward-looking Nuclear Energy. Karl-Heinz Poets AREVA South America AREVA Forward-looking Nuclear Energy Karl-Heinz Poets AREVA South America Energy market: continued growth announced tep Macroeconomics Energy demand multiplied by 2 by 2050 1990 2010 2030 BUSINESS AS USUAL

More information

AREVA s Vision of Global Nuclear Market

AREVA s Vision of Global Nuclear Market AREVA s Vision of Global Nuclear Market Didier Beutier ICO Marketing 16 March 2012 Table of Contents Global Post Fukushima Outlook Safety imperative AREVA position on the market Our prospects D. BEUTIER

More information

Civil Nuclear Energy Development in China and U.S. China Nuclear Cooperation

Civil Nuclear Energy Development in China and U.S. China Nuclear Cooperation Civil Nuclear Energy Development in China and U.S. China Nuclear Cooperation Bo Kong Assistant Research Professor Energy, Resources and Environment Program Johns Hopkins University SAIS September 17, 2010

More information

The geopolitics of new energy realities

The geopolitics of new energy realities The changing dynamics of global energy markets: The geopolitics of new energy realities Tom Howes DG European Commission Target: a low carbon-economy by 2050 100% 100% 80% Power Sector Current policy 80%

More information

Integration, disintegration,, consolidation? GDF SUEZ proposition. Gérard Lamarche. New York, October 22, 2007

Integration, disintegration,, consolidation? GDF SUEZ proposition. Gérard Lamarche. New York, October 22, 2007 30 Energy markets: Integration, disintegration,, consolidation? GDF SUEZ proposition Gérard Lamarche New York, October 22, 2007 New York Palace Hotel 455 Madison Avenue, New York 31 Energy Markets: Integration,

More information

Nuclear Power Development in Europe: Rosatom perspective

Nuclear Power Development in Europe: Rosatom perspective ROSATOM Nuclear Power Development in Europe: Rosatom perspective Alexey Kalinin Head, International Business, Rosatom CEO, Rusatom Overseas Platts 7 th Annual European Nuclear Conference June 25-26, 2012

More information

Dr. Fatih BIROL IEA Chief Economist Tokyo, 17 February 2015

Dr. Fatih BIROL IEA Chief Economist Tokyo, 17 February 2015 Dr. Fatih BIROL IEA Chief Economist Tokyo, 17 February 2015 Signs of stress in the global energy system Current calm in markets should not disguise difficult road ahead Turmoil in the Middle East raises

More information

Nuclear Power in China

Nuclear Power in China Nuclear Power in China Mr TANG Chi Cheung Senior Director Nuclear CLP Holdings Limited 15 June 2018 Information Classification: Proprietary Information Classification: Proprietary Nuclear Power in China

More information

The World Nuclear Industry Status Report and Future Trends

The World Nuclear Industry Status Report and Future Trends The World Nuclear Industry Status Report and Future Trends Antony Froggatt Independent Consultant Presented at the Workshop on Energy Scenarios with focus on two issues Hamburg 11-12 September 2008 About

More information

Energy & Climate Change ENYGF 2015

Energy & Climate Change ENYGF 2015 Energy & Climate Change ENYGF 2015 Ellina Levina Environment & Climate Change Unit Sustainable Energy Policy and Technology, IEA 22 June 2015 29 Member Countries: Australia, Japan, Korea, New Zealand,

More information

Equal Energy Access: The Power of Coal September 14, Gregory H. Boyce Chairman and Chief Executive Officer Peabody Energy

Equal Energy Access: The Power of Coal September 14, Gregory H. Boyce Chairman and Chief Executive Officer Peabody Energy Equal Energy Access: The Power of Coal September 14, 2010 Gregory H. Boyce Chairman and Chief Executive Officer Peabody Energy 1 Equal Energy Access: The Power of Coal Are We Setting the Right Global Priorities?

More information

The Impact of the Financial and Economic Crisis on Global Energy Investment IEA Background paper for the G8 Energy Ministers Meeting May 2009

The Impact of the Financial and Economic Crisis on Global Energy Investment IEA Background paper for the G8 Energy Ministers Meeting May 2009 The Impact of the Financial and Economic Crisis on Global Energy Investment IEA Background paper for the G8 Energy Ministers Meeting 24-25 May 2009 International Energy Agency. Note to Readers This report

More information

Nuclear Power in France

Nuclear Power in France 1 Nuclear Power in France Dr Sunil Félix, Nuclear Counsellor, French Embassy in Tokyo Seminar on WNE and Overseas Nuclear Industry February 9, 2016 2 AGENDA Energy Context and Key Trends Nuclear Power

More information

GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February

GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February Navigating energy transition Keisuke Sadamori Director for Energy Markets and Security IEA GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February 2016 General Electric Company - All rights reserved

More information

The Nuclear Landscape A Snapshot of the Global Issues and Players

The Nuclear Landscape A Snapshot of the Global Issues and Players American Association for the Advancement of Science Annual Meeting February 12th 16th, 2009, Chicago Keeping the Lights on the Revival of Nuclear Energy for our Future The Nuclear Landscape A Snapshot

More information

Medium Term Renewable Energy Market Report Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency

Medium Term Renewable Energy Market Report Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency Medium Term Renewable Energy Market Report 13 Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency OECD/IEA 13 Methodology and Scope OECD/IEA 13 Analysis of

More information

Sharing knowledge across Mediterranean Jordan. Cost factors of nuclear electriciy. Jean-Jacques GAUTROT Special Advisor to the AREVA CEO

Sharing knowledge across Mediterranean Jordan. Cost factors of nuclear electriciy. Jean-Jacques GAUTROT Special Advisor to the AREVA CEO Sharing knowledge across Mediterranean Jordan Cost factors of nuclear electriciy Jean-Jacques GAUTROT Special Advisor to the AREVA CEO Jordan,1 st March 2010 6.7 billion people Photo composite NASA sans

More information

CURRENT AND FUTURE ENERGY SOURCES OF THE WORLD

CURRENT AND FUTURE ENERGY SOURCES OF THE WORLD CURRENT AND FUTURE ENERGY SOURCES OF THE WORLD The World s energy supply sources The World s energy supply sources for the year 2008 and projected supply for the year 2035 are shown in the figures below.

More information

Nanyang. Commercial nuclear power in China can trace its history back to (SNPEC), and one of the key global nuclear valve

Nanyang. Commercial nuclear power in China can trace its history back to (SNPEC), and one of the key global nuclear valve Operating unit (13) Unit under construction (38) Planned unit (19) Proposed unit (70+) Nanyang A valve supplier s experience in the Chinese nuclear market Wuhu NPP Xianning NPP Taohuajiang NPP Xiaomoshan

More information

Are There Limits to Green Growth?

Are There Limits to Green Growth? Are There Limits to Green Growth? Edward B. Barbier Key Points Introduction 1 1 http://www.greengrowthknowledge.org/ Green stimulus during the Great Recession 2 3 3 Table 1: Green stimulus during the Great

More information

Global overview of nuclear energy development. Agneta Rising Director General

Global overview of nuclear energy development. Agneta Rising Director General Global overview of nuclear energy development Agneta Rising Director General NICE Future side event, COP24 6 December 2018 Global Performance The world has a growing need for clean energy 2.7 billion people

More information

IEEJ:January 2019 IEEJ2019 Coal 2018 Analysis and Forecasts to 2023 Keisuke Sadamori Director, Energy Markets and Security, IEA IEEJ, Tokyo, 26 th Dec

IEEJ:January 2019 IEEJ2019 Coal 2018 Analysis and Forecasts to 2023 Keisuke Sadamori Director, Energy Markets and Security, IEA IEEJ, Tokyo, 26 th Dec Coal 2018 Analysis and Forecasts to 2023 Keisuke Sadamori Director, Energy Markets and Security, IEA IEEJ, Tokyo, 26 th December 2018 IEA Coal market update After two years of decline, global coal demand

More information

WIND POWER TARGETS FOR EUROPE: 75,000 MW by 2010

WIND POWER TARGETS FOR EUROPE: 75,000 MW by 2010 About EWEA EWEA is the voice of the wind industry actively promoting the utilisation of wind power in Europe and worldwide. EWEA members from over 4 countries include 2 companies, organisations, and research

More information

Nuclear Construction Summit Developing the recipe for commercial success &

Nuclear Construction Summit Developing the recipe for commercial success & Nuclear Construction Summit Developing the recipe for commercial success & risk assessment Dan Magnarelli Manager, Construction Management Group New Plants Deployment Developing the recipe for commercial

More information

Medium Term Renewable Energy Market Report 2013

Medium Term Renewable Energy Market Report 2013 Renewable Energy Market Report 213 Michael Waldron Renewable Energy Division International Energy Agency OECD/IEA 213 OECD/IEA 213 MTRMR methodology and scope Analysis of drivers and challenges for RE

More information

A canter around the nuclear jumps..

A canter around the nuclear jumps.. A canter around the nuclear jumps.. Robert Davies Vice President New Build, AREVA UK Cambridge MPhil 8 th February 2012 Who are we? World leader in CO 2 -free power generation 9.1Bn in Annual Revenues

More information

Medium and long-term perspectives for PV. Dr. Paolo Frankl Division Head Renewable Energy Division International Energy Agency

Medium and long-term perspectives for PV. Dr. Paolo Frankl Division Head Renewable Energy Division International Energy Agency Medium and long-term perspectives for PV Dr. Paolo Frankl Division Head Renewable Energy Division International Energy Agency Solar Power Summit, Brussels, 7-8 March 2017 Annual additions (GW) Cumulative

More information

Renewables investment boost in a global uncertain context

Renewables investment boost in a global uncertain context Renewables investment boost in a global uncertain context 31/3/217 Claudio Machetti 1 Technology cost reduction Cost evolution for selected technologies 28-216 12 Index 28 = 1 8 6 4 2 Upstream oil & gas

More information

Levelling the Playing Field for Nuclear Make or Break

Levelling the Playing Field for Nuclear Make or Break Presentation 14 Session 4 Levelling the Playing Field for Nuclear Make or Break Dr Ron Cameron Nuclear Consultant and former Head of Nuclear Development at the OECD Biography Dr Ron Cameron has an in-depth

More information

Funding Climate Action - Thursday, 4 December

Funding Climate Action - Thursday, 4 December GDF SUEZ Energy Latin America Funding Climate Action - Thursday, 4 December GDF SUEZ ENERGY LATIN AMERICA Philipp Hauser VP Carbon Markets philipp.hauser@gdfsuezla.com Tel: +552139745443 GDF SUEZ supports

More information

The World Nuclear Industry Status Report Mycle Schneider International Consultant on Energy and Nuclear Policy Paris, France

The World Nuclear Industry Status Report Mycle Schneider International Consultant on Energy and Nuclear Policy Paris, France The World Nuclear Industry Status Report 2012 An Independent Assessment 15 Months After Fukushima (see www.worldnuclearreport.org) Mycle Schneider International Consultant on Energy and Nuclear Policy

More information

Energy Perspectives for Asia

Energy Perspectives for Asia Energy Perspectives for Asia By Rajiv Ranjan Mishra Nov 21, 2017 Energy Asia Population Asia 4.06 billion 55% of World 8X of EU Expected to be 8.5 billion by 2030 Source: World Bank, 2016; UN GDP Per Capita

More information

Pragmatic Policy Options for Copenhagen and Beyond

Pragmatic Policy Options for Copenhagen and Beyond Pragmatic Policy Options for Copenhagen and Beyond Elliot Diringer Pew Center on Global Climate Change at GTSP Technical Review Joint Global Change Research Institute May 28, 2009 Overview The Negotiating

More information

World Energy Outlook Dr. Fatih Birol IEA Chief Economist Rome, 18 November 2009

World Energy Outlook Dr. Fatih Birol IEA Chief Economist Rome, 18 November 2009 World Energy Outlook 29 Dr. Fatih Birol IEA Chief Economist Rome, 18 November 29 Change in primary energy demand in the Reference Scenario, 27-23 Coal Oil Gas Nuclear OECD Non-OECD Hydro Biomass Other

More information

Energy, Electricity and Nuclear Power Estimates for the Period up to 2050

Energy, Electricity and Nuclear Power Estimates for the Period up to 2050 REFERENCE DATA SERIES No. 1 2018 Edition Energy, Electricity and Nuclear Power Estimates for the Period up to 2050 @ ENERGY, ELECTRICITY AND NUCLEAR POWER ESTIMATES FOR THE PERIOD UP TO 2050 REFERENCE

More information

Long-Term Policy: Concepts, Methods, Industry Practice

Long-Term Policy: Concepts, Methods, Industry Practice Long-Term Policy: Concepts, Methods, Industry Practice Berlin Conference on the Human Dimensions of Global Environmental Change 22. Februar 2008 Stefan Ulreich, Upstream/Generation Uncertainties require

More information

Our strategy in challenging markets

Our strategy in challenging markets Our strategy in challenging markets Øystein Løseth President and CEO Solna/Stockholm, 3 December 2012 Today s focus Vattenfall at a glance Market trends & outlook Political and regulatory outlook Alignment

More information

ASSYSTEM NUCLEAR 2020 POSITION & PERSPECTIVE

ASSYSTEM NUCLEAR 2020 POSITION & PERSPECTIVE ASSYSTEM NUCLEAR 2020 POSITION & PERSPECTIVE STEPHANE AUBARBIER. DECEMBER 10, 2014 45 YEARS EXPERIENCE, A RENEWED POSITION 2 ROAD MAP 1 WORLDWIDE NUCLEAR OUTLOOK 2 ASSYSTEM 4th NUCLEAR ENGINEERING FIRM

More information

What future for the different electricity sources?

What future for the different electricity sources? What future for the different electricity sources? SFEN Atoms for the Future 2013 Yves Giraud, Generation Economics & Strategy Director EDF Paris, 22 nd October 2013 1 Once upon a time, Europe had a dream.

More information

Delivering on the clean energy agenda: prospects and the role for policy

Delivering on the clean energy agenda: prospects and the role for policy Delivering on the clean energy agenda: prospects and the role for policy 6th Asian Ministerial Energy Roundtable 9 November 2015 Keisuke Sadamori Director, Energy Markets and Security Climate pledges shift

More information

Global Gas and Steam Turbine Markets Conventional Thermal Power Expansion Driven by Emerging Markets and Rising Natural Gas Availability

Global Gas and Steam Turbine Markets Conventional Thermal Power Expansion Driven by Emerging Markets and Rising Natural Gas Availability Global Gas and Steam Turbine Markets Conventional Thermal Power Expansion Driven by Emerging Markets and Rising Natural Gas Availability June 2014 Executive Summary Return to contents 4 Key Findings Global

More information

Highlights. Figure 1. World Marketed Energy Consumption by Region,

Highlights. Figure 1. World Marketed Energy Consumption by Region, Highlights World energy consumption is projected to increase by 71 percent from 3 to 23. Fossil fuels continue to supply much of the energy used worldwide, and oil remains the dominant energy source. In

More information

The Future of Nuclear Power after Fukushima

The Future of Nuclear Power after Fukushima The Future of Nuclear Power after Fukushima Thomas Jonter Professor of International Relations Stockholm University Trends Energy consumption map 1 Before Fukushima: Nuclear Renaissance Reasons: The increasingly

More information

Nuclear in the national and international framework. Dr. Pompiliu Budulan Director General

Nuclear in the national and international framework. Dr. Pompiliu Budulan Director General Nuclear in the national and international framework Dr. Pompiliu Budulan Director General CEI Summit Economic Forum 12 November 2009 - Bucharest 1 Content Energy - a global issue Nuclearelectrica general

More information

The World Energy Outlook after the Financial Crisis

The World Energy Outlook after the Financial Crisis The World Energy Outlook after the Financial Crisis Presentation to the UNECE Committee on Sustainable Energy Geneva, 19 November 2009 Trevor Morgan Senior Economist International Energy Agency The context

More information

Power Generation: A Continued Role for Coal?

Power Generation: A Continued Role for Coal? Power Generation: A Continued Role for Coal? Keith Burnard Head, Energy Supply Technology Unit International Energy Agency Clean Coal Day Tokyo, Japan 8-9 September 2015 Founded in 1974 as an autonomous

More information

A Global View of Sustainable Energy and Deregulation

A Global View of Sustainable Energy and Deregulation GE Energy A Global View of Sustainable Energy and Deregulation Eric Gebhardt April 2008 Global trends Population Consumption Energy security Environment Create big challenges 2 2008 2030 And the challenges

More information

Nuclear Energy & Economic Competitiveness in Various Regulatory Systems

Nuclear Energy & Economic Competitiveness in Various Regulatory Systems Nuclear Energy & Economic Competitiveness in Various Regulatory Systems Presentation at: The re-emergence of nuclear energy: An option for climate change & emerging countries? UNAM, Mexico City, April

More information

Harmony the Role of Nuclear Energy to meet electricity needs in the 2 degree scenario

Harmony the Role of Nuclear Energy to meet electricity needs in the 2 degree scenario Harmony the Role of Nuclear Energy to meet electricity needs in the 2 degree scenario Agneta Rising Director General Harmony London March 2016 THE CURRENT STATUS OF NUCLEAR ENERGY 2 Accelerating rise in

More information

ENERGY PRIORITIES FOR EUROPE

ENERGY PRIORITIES FOR EUROPE ENERGY PRIORITIES FOR EUROPE Presentation of J.M. Barroso, President of the European Commission, to the European Council of 4 February 2011 Contents 1 I. Why energy policy matters II. Why we need to act

More information

BP Energy Outlook 2016 edition

BP Energy Outlook 2016 edition BP Energy Outlook 216 edition Mark Finley 14th February 216 Outlook to 235 bp.com/energyoutlook #BPstats Economic backdrop Trillion, $21 25 Other 2 India Africa 15 China 1 OECD 5 OECD 1965 2 235 GDP 2

More information

International Energy Outlook 2011

International Energy Outlook 2011 International Energy Outlook 211 Center for Strategic and International Studies, Acting Administrator September 19, 211 Washington, DC U.S. Energy Information Administration Independent Statistics & Analysis

More information

The UK new build programme status and lessons learned Dr Ron Cameron

The UK new build programme status and lessons learned Dr Ron Cameron The UK new build programme status and lessons learned Dr Ron Cameron 1 Presentation title - edit in the Master slide Outline 1. The history of new build 2. Current status and challenges of large nuclear

More information

Post Fukushima accident safety assessment, requirement and study in China

Post Fukushima accident safety assessment, requirement and study in China Post Fukushima accident safety assessment, requirement and study in China CHEN song Technical Meeting on Evaluation of NPP Design Safety June 26 th -29 th 2013 IAEA, Vienna safety assessment, requirement

More information

Contribution of Renewables to Energy Security Cédric PHILIBERT Renewable Energy Division

Contribution of Renewables to Energy Security Cédric PHILIBERT Renewable Energy Division Contribution of Renewables to Energy Security Cédric PHILIBERT Renewable Energy Division EUFORES Parliamentary Dinner Debate, Brussels, 9 September, 2014 What Energy Security is about IEA defines energy

More information

Dr Benny Peiser Director, Global Warming Policy Foundation Presentation at the Canon Institute for Global Studies Tokyo -- 1 October 2018

Dr Benny Peiser Director, Global Warming Policy Foundation Presentation at the Canon Institute for Global Studies Tokyo -- 1 October 2018 THE CRISIS OF EU CLIMATE POLICY Dr Benny Peiser Director, Global Warming Policy Foundation Presentation at the Canon Institute for Global Studies Tokyo -- 1 October 2018 WHAT CRISIS? The EU s climate policies

More information

Dr. Uwe Remme Wien 23 April 2015

Dr. Uwe Remme Wien 23 April 2015 Dr. Uwe Remme Wien 23 April 2015 Signs of stress in the global energy system Current calm in markets should not disguise difficult road ahead Turmoil in the Middle East raises doubts over future oil balance

More information

ENERGY SECURITY, CLIMATE CHANGE & SUSTAINABLE DEVELOPMENT

ENERGY SECURITY, CLIMATE CHANGE & SUSTAINABLE DEVELOPMENT E ENERGY SECURITY, CLIMATE CHANGE & SUSTAINABLE DEVELOPMENT The 2008 financial crisis highlighted key faults in the international system, while also presenting an opportunity for the search of a new paradigm

More information

Nuclear power is part of the solution for fighting climate change

Nuclear power is part of the solution for fighting climate change Nuclear power is part of the solution for fighting climate change "Nuclear for Climate" is an initiative undertaken by the members of the French Nuclear Energy Society (SFEN), the American Nuclear Society

More information

Is Nuclear Power an Option for Africa?

Is Nuclear Power an Option for Africa? Is Nuclear Power an Option for Africa? PIESA Mombasa 2009 World Energy Needs The provision of energy has become one of the most critical: Political Economic Environmental Developmental and Survival issues

More information

Eeekonomics: BEG/CEE UT Annual Meeting. Commentary: European Live Issues, Post recession Demand. European gas demand post Fukushima Outline

Eeekonomics: BEG/CEE UT Annual Meeting. Commentary: European Live Issues, Post recession Demand. European gas demand post Fukushima Outline Gas Research Programme ENERGY STUDIES Natural G Eeekonomics: BEG/CEE UT Annual Meeting Houston, 7 December 2011 Commentary: European Live Issues, Post recession Demand Dr Anouk Honore Senior Research Fellow

More information

Heating January 2009

Heating January 2009 International Market Strategy Topics China Europe Europe Finland France Ireland Italy Poland Romania Slovakia Solar Industry Base to be Built in Hubei Province EU Renewables Industry Optimistic about 2020

More information

The impacts of nuclear energy and renewables on network costs. Ron Cameron OECD Nuclear Energy Agency

The impacts of nuclear energy and renewables on network costs. Ron Cameron OECD Nuclear Energy Agency The impacts of nuclear energy and renewables on network costs Ron Cameron OECD Nuclear Energy Agency Energy Mix A country s energy mix depends on both resources and policies The need for energy depends

More information

Medium Term Renewable Energy Market Report 2016

Medium Term Renewable Energy Market Report 2016 Medium Term Renewable Energy Market Report 2016 Clean Energy Investment and Trends IETA Pavilion COP22, Marrakech November 10, 2016 Liwayway Adkins Environment and Climate Change Unit International Energy

More information

Global Wind Energy Market Report. Wind Energy Industry Grows at Steady Pace, Adds Over 8,000 MW in 2003

Global Wind Energy Market Report. Wind Energy Industry Grows at Steady Pace, Adds Over 8,000 MW in 2003 Global Wind Energy Market Report Wind Energy Industry Grows at Steady Pace, Adds Over 8,000 MW in 2003 World Growth Cumulative global wind energy generating capacity topped 39,000 megawatts (MW) and reached

More information

Overview: National coal phase-out announcements in Europe

Overview: National coal phase-out announcements in Europe Overview: National coal phase-out announcements in Europe Status as of June 2018 Many national governments have their intention to phase out coal. A total of 40.38 gigawatts (GW) of coal power capacity,

More information

Global Perspectives on SMRs Developing Countries Expectations

Global Perspectives on SMRs Developing Countries Expectations Global Perspectives on SMRs Developing Countries Expectations Dr Atam Rao Head Nuclear Power Technology Development Jun 18, 2010 The 4 th Annual Asia-Pacific Nuclear Energy Forum on Small and Medium Reactors

More information

IFIEC Position Paper on Nuclear Power

IFIEC Position Paper on Nuclear Power Securing competitive energy for industry IFIEC Position Paper on Nuclear Power Introduction and highlights 1. IFIEC represents the interests of industrial energy consumers in Europe for whom energy is

More information

European gas demand and import scenarios: can we connect the future to the present?

European gas demand and import scenarios: can we connect the future to the present? European gas demand and import scenarios: can we connect the future to the present? Professor Jonathan Stern, Chairman and Senior Research Fellow OIES Gas Programme GAC Seminar on Scenarios and Forecasts,

More information

Chapter 7 Energy-Related Carbon Dioxide Emissions

Chapter 7 Energy-Related Carbon Dioxide Emissions Chapter 7 Energy-Related Carbon Dioxide Emissions In the coming decades, actions to limit greenhouse gas emissions could affect patterns of energy use around the world and alter the level and composition

More information

1. Why does innovation matter today? 2. How has innovation changed? 3. Innovation in the crisis 4. Looking ahead

1. Why does innovation matter today? 2. How has innovation changed? 3. Innovation in the crisis 4. Looking ahead Connect Research 2009 New Models of Innovation for Economic Growth and Sustainability Paris, 12-13 November 2009 Innovation Today Why it Matters for Growth and Sustainability Dirk Pilat Directorate for

More information

Chinese LWR activities

Chinese LWR activities Chinese LWR activities Xue Shanhu 2014.11.26 Contents 1. Overview 2. Chinese Nuclear Power Development Plan 3. Chinese Nuclear Power Safety Plan 4. Chinese Nuclear Power Status & Prospect 5. Summary Overview

More information

Harmony The role of nuclear energy meeting electricity needs in the 2 degree scenario. Agneta Rising Director General

Harmony The role of nuclear energy meeting electricity needs in the 2 degree scenario. Agneta Rising Director General Harmony The role of nuclear energy meeting electricity needs in the 2 degree scenario Agneta Rising Director General Harmony January 2017 THE CURRENT STATUS OF NUCLEAR ENERGY 2 Global consumption of electricity

More information

Countries with highest potential for solar process heat The cases of France and Morocco

Countries with highest potential for solar process heat The cases of France and Morocco Countries with highest potential for solar process heat The cases of France and Morocco Montpellier, 13 September, 2015 REmap 2030 - A roadmap for doubling the RE share Context: UN Sustainable Energy for

More information

The future trajectory of investments in clean

The future trajectory of investments in clean EXECUTIVE SUMMARY Over the last half-decade, the clean energy economy has emerged around the world as a major new opportunity for investment, manufacturing, jobs and environmental protection. This report

More information

Breaking the energy chains that bind Europe Wind power crucial for Europe s future secure and sustainable power supply!

Breaking the energy chains that bind Europe Wind power crucial for Europe s future secure and sustainable power supply! Introduction Breaking the energy chains that bind Europe Wind power crucial for Europe s future secure and sustainable power supply! With news of melting glaciers, rising sea levels and other effects of

More information

Recent development of uranium industry in China

Recent development of uranium industry in China Recent development of uranium industry in China Liu Yue Department of Geology & mining, China National Nuclear Corporation For Technical Meeting on the Nuclear Fuel Cycle Information System at Austria

More information

Stranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society

Stranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society Investment Research Stranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society Gary Buesser, CFA, Director, Research Analyst Alistair Godrich, CFA, Vice President, Research Analyst

More information

Hao Jia (Dr.), Researcher, APERC Takashi Otsuki (Mr.), Researcher, APERC* Kazutomo Irie (Dr.), General Manager, APERC. *Corresponding author

Hao Jia (Dr.), Researcher, APERC Takashi Otsuki (Mr.), Researcher, APERC* Kazutomo Irie (Dr.), General Manager, APERC. *Corresponding author Hao Jia (Dr.), Researcher, APERC Takashi Otsuki (Mr.), Researcher, APERC* Kazutomo Irie (Dr.), General Manager, APERC *Corresponding author Contents Introduction / project overview Nuclear power in the

More information

SOUTHEA ST ASIA ENERGY OUTLOOK EXECUTIVE SUMMARY. World Energy Outlook Special Report

SOUTHEA ST ASIA ENERGY OUTLOOK EXECUTIVE SUMMARY. World Energy Outlook Special Report SOUTHEA ST ASIA ENERGY OUTLOOK EXECUTIVE SUMMARY World Energy Outlook Special Report INTERNATIONAL ENERGY AGENCY The International Energy Agency (IEA), an autonomous agency, was established in November

More information

Safe and Green Energy for Mediterranean Countries: Areva Perspectives

Safe and Green Energy for Mediterranean Countries: Areva Perspectives Safe and Green Energy for Mediterranean Countries: Areva Perspectives Martha Heitzmann, PhD Senior Executive Vice President, Research & Development AREVA Sharing Knowledge Across the Miditerranean Conference

More information

2 ENERGY TECHNOLOGY RD&D BUDGETS: OVERVIEW (2017 edition) Released in October 2017. The IEA energy RD&D data collection and the analysis presented in this paper were performed by Remi Gigoux under the

More information

World Energy Outlook 2010

World Energy Outlook 2010 World Energy Outlook 2010 Nobuo Tanaka Executive Director International Energy Agency Cancun, 7 December 2010, IEA day The context: A time of unprecedented uncertainty The worst of the global economic

More information

World primary energy demand in the t Reference Scenario: this is unsustainable!

World primary energy demand in the t Reference Scenario: this is unsustainable! OECD/IEA OECD/IEA -29-29 World primary energy demand in the t Reference Scenario: this is unsustainable! Mtoe 18 Other renewables 16 Hydro 14 12 Nuclear 1 Biomass 8 Gas 6 Coal 4 Oil 2 198 199 2 21 22 23

More information

Perspective on Accelerating RE to reach ASEAN s 23% aspirational target. Asia Clean Energy Forum 2017, ADB, Manila Deep-dive session - 6 June 2017

Perspective on Accelerating RE to reach ASEAN s 23% aspirational target. Asia Clean Energy Forum 2017, ADB, Manila Deep-dive session - 6 June 2017 Perspective on Accelerating RE to reach ASEAN s 23% aspirational target Asia Clean Forum 2017, ADB, Manila Deep-dive session - 6 June 2017 DICLAIMER The views, opinions, and information expressed in this

More information

EDF International Nuclear Developments. Xavier Rouland Consejero Delegado EDF Peninsula Iberica

EDF International Nuclear Developments. Xavier Rouland Consejero Delegado EDF Peninsula Iberica EDF International Nuclear Developments Xavier Rouland Consejero Delegado EDF Peninsula Iberica Worlwide nuclear revival Nuclear civil world in figures 443 nuclear reactors in operation 31 countries with

More information

World Energy Outlook 2009 Key results and messages of the 450 Scenario

World Energy Outlook 2009 Key results and messages of the 450 Scenario World Energy Outlook 29 Key results and messages of the 45 Scenario Marco Baroni Office of the Chief Economist International Energy Workshop Stockholm, 22 June 21 Mtoe World primary energy demand by fuel

More information

Coal, Carbon, and the Future of the Global Energy Mix

Coal, Carbon, and the Future of the Global Energy Mix Coal, Carbon, and the Future of the Global Energy Mix By Richard Morse Woods Institute Energy Seminar March 4, 2009 Agenda 1. Background 2. Fundamentals of the Global Trade 3. Coal in the West: Impact

More information

Renewables after COP-21 A global perspective. Dr. Fatih Birol Executive Director International Energy Agency

Renewables after COP-21 A global perspective. Dr. Fatih Birol Executive Director International Energy Agency Renewables after COP-21 A global perspective Dr. Fatih Birol Executive Director International Energy Agency 17 th Symposium, Syndicat des Énergies Renouvelables, Unesco, Paris, 4 February 2016 The start

More information

Wind Energy Growth: Technology in Context

Wind Energy Growth: Technology in Context GE Energy Wind Energy Growth: Technology in Context Andreas M. Lippert Manager: Alternative Energy Technologies GE Global Research Nov 2009 New energy technology growth What it takes: Big domestic marketplace

More information

Nuclear Power Outlook

Nuclear Power Outlook Q1 2019 A PUBLICATION OF UXC.COM Nuclear Power Outlook 1501 MACY DRIVE ROSWELL, GA 30076 PH +1 770 642-7745 FX +1 770 643-2954 NOTICE UxC, LLC ( UxC ) shall have title to, ownership of, and all proprietary

More information

Short-Term and Long-Term Outlook for Energy Markets

Short-Term and Long-Term Outlook for Energy Markets Short-Term and Long-Term Outlook for Energy Markets Guy Caruso Administrator, Energy Information Administration guy.caruso@eia.doe.gov Fueling the Future: Energy Policy in New England December 2, 25 Boston,

More information

Energy Market Update. Mark Finley Meet Alaska, January 21, 2011

Energy Market Update. Mark Finley Meet Alaska, January 21, 2011 Energy Market Update Mark Finley Meet Alaska, January 21, 211 Agenda Where we ve been Trends in global energy Where we are: The short-term outlook Why has oil been different? Where we are going (or might

More information

Electric Power Industry Trends and the Role of Renewable Energy. Chuck Levey Vice President Pratt & Whitney Power Systems

Electric Power Industry Trends and the Role of Renewable Energy. Chuck Levey Vice President Pratt & Whitney Power Systems Electric Power Industry Trends and the Role of Renewable Energy Chuck Levey Vice President Pratt & Whitney Power Systems Product Portfolio Large Engines ORC Heat to Power Power Systems After market Wind

More information

Nuclear Renaissance and the U.S.-Japan Alliance: Finding New Markets and Preventing Proliferation

Nuclear Renaissance and the U.S.-Japan Alliance: Finding New Markets and Preventing Proliferation Nuclear Renaissance and the U.S.-Japan Alliance: Finding New Markets and Preventing Proliferation Dr. Charles D. Ferguson Philip D. Reed Senior Fellow for Science and Technology October 30, 2009 Agenda

More information

Nuclear Power Economics and Markets

Nuclear Power Economics and Markets Nuclear Power Economics and Markets IBC - Decommissioning of Nuclear Reactors & Materials 29 30 September 2014; Miami, Florida Edward Kee Disclaimer The NECG slides that follow are not a complete record

More information

IEA WORK ON FUTURE ELECTRICITY SYSTEMS

IEA WORK ON FUTURE ELECTRICITY SYSTEMS IEA WORK ON FUTURE ELECTRICITY SYSTEMS Power grids, demand response and the low carbon transition Dr. Luis Munuera Smart Grids Technology Lead IEA Symposium on Demand Flexibility and RES Integration SMART

More information

Economic Concepts. Economic Concepts and Applications to Climate Change

Economic Concepts. Economic Concepts and Applications to Climate Change Economic Concepts and Applications to Climate Change Economic Concepts When markets work and when they don t t work Policy Interventions to correct market failures Recent research in climate change 1 Part

More information

Brief Overview of Chinese NPP Development

Brief Overview of Chinese NPP Development Brief Overview of Chinese NPP Development Shanghai Nuclear Engineering Research and Design Institute IAEA Workshop on Construction Technologies for NPPs 22-24 June, Shanghai, China 1 Contents Status of

More information

Global Energy Investment Challenges

Global Energy Investment Challenges Global Energy Investment Challenges Dr. Fatih Birol Chief Economist Head, Economic Analysis Division International Energy Agency World Energy Outlook 2002: Key Strategic Challenges security of energy supplies

More information