Global energy transitions
|
|
- Muriel Parks
- 6 years ago
- Views:
Transcription
1 4th European Energy Forum On The Way to COP21 Global energy transitions Presentation Paris, March 12, 2015 Florian Haslauer
2 Agenda for today Lessons learned from the German Energiewende Global Energy Transitions Conclusion A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 2
3 Lessons learned from the German Energiewende Germany has set ambitious targets in relation to the energy transition Objectives of energy transition in Germany Consumption Primary energy consumption has to decrease by 20% by 2020 by 50% by 2050 Power consumption has to decrease by 10% by 2020 and by 25% until 2050 Renewable energy The share of renewable energy in the total energy consumption should reach 18% by % by % by % by 2050 In power generation, the share of renewable energy to gross power consumption should be 40-45% by % by % by % by 2050 CO 2 The CO2 emissions should compared to 1990 fall by 40% by % by % by % by 2050 Nuclear phase-out, installed capacity to decrease to 21.5 GW by GW by GW by 2023 Source: BMU; A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 3
4 Lessons learned from the German Energiewende The main instrument in German policy is the Renewable Energy Sources Act (EEG) Feed in tariff from EEG and subsidies KWK 1 In ct/kwh ,6 9,3 9,1 50,7 9,5 9,1 50,3 9,5 9,1 2,6 49,1 9,4 9,1 2,6 50,8 9,7 9,0 2,4 53,0 10,8 9,0 2,4 53,0 12,3 8,9 2,3 52,0 13,6 8,8 2,3 50,2 14,2 8,8 2,1 48,0 16,1 8,8 2,1 43,6 16,9 8,9 2,1 40,2 19,2 9,2 2,1 36,2 18,3 10,1 2,4 32,9 18,7 9,9 2,4 31,7 18,1 9,7 2,4 31,7 18,7 9,6 2,4 EEG: law for the development of renewable energy Feed in tariff guaranteed for 20 years Priority feed in of renewables Biomass Wind energy (Onshore) Photovoltaic KWK Facilities with a capacity between 50kW 2MW, from 2012 capacity between 250kW-2MW Source: BMWi, KWKG A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 4
5 Lessons learned from the German Energiewende Update to the EEG released by the new German government contains downward revision of renewables growth targets Released changes to the EEG Reduction of Growth targets of renewables (in case of over delivery the subsidies will be reduced) PV 2500 MW annually Onshore wind 2500 MW annually (net, i.e. after deduction of shut down sites) Offshore Wind 6500 MW cumulative until 2020 adapted to reality, previous target was 10,000 MW Biomass 100 MW annually Integration of renewables into the market Mandatory Direct marketing for new plants over 500 kw, this threshold is to be reduced to 100 kw by 2017 Starting 2017 the auction procedures should partially replace compensation for electricity fed into the grid with piloting for PV already in 2015 Capacity market Further capacity mechanisms should be decided by 2016; a recent study of the German Federal Ministry of Economics views the capacity market rather skeptical EOM market should become more flexible, demand-side management measures should be expanded Source: A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 5
6 Lessons learned from the German Energiewende Energy consumption in Germany is stagnating, or even decreasing in certain years; but CO2 emissions still raise slowly Total Energy Consumption in Germany (in Mtoe) CO2 emissions (in MtCO2) / % +4% The Energy consumption stagnates in Germany for several years In spite of high subsidies for the renewables in Germany, CO2-Emissions continue to raise Source: Enerdata, UBA, Statista, A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 6
7 Lessons learned from the German Energiewende Power consumption in Germany is experiencing a slight decrease, also due to increasing self generation of PV Power consumption in Germany ( , in TWh) % 26% % 26% 1.23% % 22% 22% 27% 26% 26% % 26% % 26% % 26% -0.16% % 23% 26% 27% % 26% % 26% % 26% -0.75% % 26% 500 Assumption is long term economic growth of 1.0% Increasing decoupling between economic output and energy consumption Efficiency gains, especially in the household sector 48% 47% 47% 47% 47% 47% 47% 47% 47% 44% 46% 47% 47% 46% Constant consumption in the industrial sector Agriculture Transport Business, trade, services Households Industry 1. Estimate Source: EWI Referenzszenario, A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 7
8 Lessons learned from the German Energiewende With the help of subsidies renewables power generation capacity increased sevenfold between 2000 and 2014 Development of renewables in Germany Renewables subsidies EUR billion Installed Capacity GW EEG is driving the growth of renewables in Germany Hydro Biomass Feed in tariffs guaranteed for 20 years take market risks away from investors Photovoltaic 80% of subsidies in renewables capacities are not invested from traditional utilities, investors are funds, private investors, and others Wind Source: Monitoring Bericht 2013, BDEW, Bundesnetzagentur, ENTSO-E, A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 8
9 Lessons learned from the German Energiewende High proportion of subsidized renewable energy supply has a significant impact on the energy-only market Total cost of electricity generation in Germany Wholesale market plus EEG stimulation, EUR bn Impact of capacity markets Overall, rising costs Further displacement of competition and reduction in the efficiency of the system EEG differential costs Sales of electricity on EEX The EOM in Germany is not producing the right price signals anymore Source: EEX, BDEW, A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 9
10 Lessons learned from the German Energiewende Non-market-indicated expansion of renewables with feed priority leads to situations with "extreme prices" Fluctuations in the power supply from wind and solar 1 MW Highest power from wind and PV at 37.4 GW Highest ever performance of PV with 24.2 GW PV generation (sample days 2014) Wind generation (sample days 2014) Renewables Feed-in priority for renewables Disregard of compensation cost Sunday, May 11, 2014 Friday, June 6, 2014 Power price EPEX Spot (EUR/MWh) Negative power prices of up to -65 EUR/MWh Electricity prices between 25 and 38 EUR/MWh Merit order effect: Renewables can be set with negative marginal costs Price effect: Negative prices in hours of high wind and PV feed 1. Quarter-hourly feed in Germany and Austria Source: EEX Transparency, A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 10
11 Lessons learned from the German Energiewende The price development in the electricity market sets conventional generation under pressure Development of EEX Base spot and futures prices EUR/MWh, Spot market Financial crisis EEX-Base EEX-Peak Expected range Derivatives The German power market has a significant impact on other european markets Source: EEX, A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 11
12 Lessons learned from the German Energiewende Further development of renewables will lead to significant excess capacity in the German market Forecast: electricity generation and capacity in Germany 1 Installed Capacity by technology 2 (in GW) Electricity production by technology 2 (in TWh) % 78% 16% 72% Maximum load Target power consum ption Geothermal Hydro Biomass and waste Photovoltaic Wind Conventional Geothermal Hydro Biomass and waste Photovoltaic Wind Conventional Share of renewables 1. BMU Lead Study Scenario A 2. Figures exclude pumped storage and other Source: BMU, AGEE Stat 2012; ENTSO-E; A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 12
13 Lessons learned from the German Energiewende The German Energiewende is going to loose it s role model status Conclusions for the european energy systems The German Energiewende ist too costly in order to be a case example for an european or global energy transition, but experiences from Germany are highly relevant to find the best solutions Energy policy should be led by one and not several targets. CO2-reduction is the common denominator in Europe and in the whole world. For Europe that means reviving the emission trading scheme by reducing the warrants Energy policy cannot be done against the evolutions in the global commodity markets. In spite of high subsidies for the renewables in Germany, the generation of electricity by coal-fired plants increases due to the trends in the coal and gas prices, and the CO2-Emission raises. Only market-based systems can secure an economic meaningful restructuring of the system : Reduction of the grants to customer or investor towards technology development No feed-in subsidies but grants for investment on an auction based system Central assets -> European-wide auctions Decentralized assets -> national / regional auctions Integration of the renewables in the market through the abolition of the feed-in priority system and the obligation of direct marketing Source: A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 13
14 Agenda for today Lessons learned from the German Energiewende Global Energy Transitions Conclusion A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 14
15 Global energy transitions In a global perspective Energy policy is not so much driven by climate policy as in Europe Objectives of Energy-/Climate- Policy globally Key drivers Security of Supply Install new capacities und diversify the energy mix Reduce import dependency Managing Growth of Energy Demand Expand supply to meet rising energy demand while keeping costs low Electrification of households in emerging countries Optimize Cost of Energy Supply Substantially increased energy efficiency Increase competitiveness by using least-cost approaches for supply expansion Reduction of C02-Emissions Low CO 2 power generation mix with global growth of conventional, nuclear and renewables in varying speeds Reduce local air pollution Key players' moves Regulation & Politics Innovation Customer behavior The Ukraine crisis will change the situation in Europe and increase the importance of Energy policy with the objective of security of supply A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 15
16 Global energy transitions Several countries face a public debate regarding energy costs Electricity price (in USc05/kWh at ppp 1 ) Electricity price in industry (in USc05/kWh) CAGR 20 Brazil Germany 0.5% 4.5% 15 Germany 15 China 0.6% 10 Brazil 10 5 South Africa USA -0.5% 0.4% 5 China USA South Africa Saudi Arabia -2.2% Saudi Arabia High burdens for end consumers also in emerging countries High prices in Germany only partly compensated by higher efficiency in consumption 1. Purchasing power parity (ppp): a value given in ppp allow comparing prices internationally, thereby representing the real cost for end customers Source: Enerdata ( A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 16
17 Global energy transitions Only Germany could reduce its electricity consumption of households, while efficiency is increasing almost everywhere Electricity consumption of households (in kwh/cap) Final Energy Intensity (in koe/us$05 at ppp 1 ) CAGR 0,55 CAGR USA Saudi Arabia 0.8% 3.9% Germany South Africa Brazil China -0.1% 1.2% 2.8% 15.9% 0, China South Africa Saudi Arabia Brazil USA Germany -5.2% -1.2% 1.3% 0.4% -1.8% -2.0% Only the US and Germany could maintain or even reduce their electricity consumption Efficiency improved significantly in almost all countries 1. Purchasing power parity (ppp): a value given in ppp allow comparing prices internationally, thereby representing the real cost for end customers Source: Enerdata, World Energy Council Energy Efficiency Indicators, A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 17
18 Global energy transitions Global energy transitions are fact, but motives and objectives differ significantly across countries 1 Overview of motives and objectives of global energy transitions USA Reduction of energy costs and dependency on imports Focus: Expansion of shale gas and renewables Brazil Improved security of supply Objectives of least-cost expansion and inflation control Germany Climate protection and nuclear phase out So far main focus on renewables expansion China Coverage of energy demand and industrial policy Central expansion objectives for renewables Saudi-Arabia Increase of value creation along the oil value chain Expansion of renewables, nuclear and shale gas South Africa Coverage of energy demand and job creation Expansion program for renewables Security of supply as well as objectives related to industrial policy and economic development are the main motives for global energy transitions Climate protection is an important argument in all transitions but globally not the key motivation behind the change Nuclear exit is not an explicit target in most countries, but cost considerations favor renewable energies Germany is not the only country facing fundamental changes in energy supply. But most other countries have a different motivation behind similar objectives Source: Enerdata ( A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 18
19 Global energy transitions National governments influence the energy transition strongly across all countries renewables are supported everywhere 2 Overview of drivers and governance of renewable energies USA Patchwork of defined quotas on state level and nationwide tax reliefs for renewable energy Shale gas driven by industry Brazil Technology-open auctions make onshore wind power possible State influence via price interventions Germany Main driver is nationwide EEG, enabling grass roots investment Aiming at market integration and cost reduction China State-defined, planned targets supported by incentives and financing Saudi-Arabia Influence through investment decisions of state-owned companies Driven by regional development concepts South Africa Integrated state plan with rolling adjustment of targets Auctions for renewables Main driver for change in the energy sector is government policy Various forms of government support, e.g. quotas, tax reliefs or auctions, are being tried worldwide Germany can learn from the experience of other countries, e.g. with regard to auctions. With the exception of the US, a global trend towards central governance can be observed Source: Enerdata ( A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 19
20 Global energy transitions The need to overcome similar challenges and access to new energy resources provide a global opportunity 3 Overview opportunities and threats USA Shale gas as chance for long-term energy supply Uncertainty about political priorities and patchwork of basic conditions Brazil Wind and solar power underdeveloped No certainty regarding investments due to political price interventions Germany Dynamic expansion and high competencies Stabilization of system and cost control China Access to cheap technologies Overcoming air pollution Saudi-Arabia Opportunities in diversification through renewables and shale gas Reduction of subsidies as basis for increasing efficiency South Africa High energy potential through renewables and shale gas Acute capacity constraints due to investment bottleneck Globally, there are enormous, untapped energy potentials Fundamental change in cost structures brings along massive uncertainty which complicates investment decisions Global energy transitions open up opportunities for companies which are able to manage the uncertainties related to energy transitions Source: Enerdata ( A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 20
21 Agenda for today Lessons learned from the German Energiewende Global Energy Transitions Conclusion A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 21
22 Conclusion This study highlights a global energy transition, with important differences as well as strikingly similarities among countries. Conclusions from the Global Energy Transition The countries analyzed can learn from important parallels and differences in terms of policy making, technology deployment and business-model evolution In a global perspective, climate protection is an important argument in all transitions but globally not the key motivation behind the change as it is in Europe & Germany Security of supply as well as objectives related to industrial policy and economic development are the main motives for global energy transitions Four key opportunities appear : Global resource abundance Global learning curves in technology development Maturing policy making based on global experience Global business opportunity for companies that provide relevant technologies, services and know-how to implement energy transitions successfully Such a cross-country perspective on energy transitions can bring significant benefits to the countries and the businesses engaging in the exchange. Source: A.T. Kearney A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 22
23 A.T. Kearney is a global team of forward-thinking partners that delivers immediate impact and growing advantage for its clients. We are passionate problem solvers who excel in collaborating across borders to co-create and realize elegantly simple, practical, and sustainable results. Since 1926, we have been trusted advisors on the most mission-critical issues to the world s leading organizations across all major industries and service sectors. A.T. Kearney has 58 offices located in major business centers across 40 countries. Americas Atlanta Bogotá Calgary Chicago Dallas Detroit Houston Mexico City New York San Francisco São Paulo Toronto Washington, D.C. Asia Pacific Bangkok Beijing Hong Kong Jakarta Kuala Lumpur Melbourne Mumbai New Delhi Seoul Shanghai Singapore Sydney Tokyo Europe Amsterdam Berlin Brussels Bucharest Budapest Copenhagen Düsseldorf Frankfurt Helsinki Istanbul Kiev Lisbon Ljubljana London Madrid Milan Moscow Munich Oslo Paris Prague Rome Stockholm Stuttgart Vienna Warsaw Zurich Middle East and Africa Abu Dhabi Dubai Johannesburg Manama Riyadh A.T. Kearney 10/47086d/YvwrWeQkllxGGlnG1R 23
The Rise of the Female Economy in B2B a source of UK competitiveness
A.T. Kearney in association with the CBI The Rise of the Female Economy in B2B a source of UK competitiveness January 29 th 2014 Agenda Introduction Part 1: The six drivers: Why is the female economy important
More information(R)Evolution in the Telco & Media Sector
15. konference Telekomunikacije (R)Evolution in the Telco & Media Sector Future challenges - Extract November 2014 Marko Derča This document is exclusively intended for selected client employees. Distribution,
More informationFuture of Retail Banking in Romania
What do Banking Executives expect to happen Future of Retail Banking in Romania Survey Summary May 2014 Bucharest Agenda Executive summary "Future of Retail Banking in Romania" survey Y8YbtcQklln07kHyQ1
More information10 Steps. to Achieve Virtual Integration. A guide to building a bond of game-changing collaboration
10 Steps to Achieve Virtual Integration A guide to building a bond of game-changing collaboration Capturing the power of integration without a merger Virtual integration Manufacturer Benefits Jointly pursue
More informationFrom the Back Office to Strategic Thought Leadership
From the Back Office to Strategic Thought Leadership Driving Organizational Value with Knowledge Management APQC Houston, May 13 th, 2011 Helen Clegg Hugo Evans [Herding Cats Video] A.T. Kearney xx/mm.yyyy/00000
More informationDigital Excellence index
Digital Excellence index Key findings - September 2018 Marko Derča, Vice president, Head of Digital Transformation, Eastern Europe Marko.derca@atkearney.com 1 Digital transformation is entering a new phase,
More informationJANAF's International Oil Conference
Client logos should not be used on title page unless it is required by client to maintain brand continuity. To add a color block or a picture here, select from alternate title pages in A.T. Kearney Library
More informationBusiness transformation and the role of change agents
Kuwait Change Management Conference Business transformation and the role of change agents Presentation Kuwait, December 2017 Eduard Gracia Principal A.T. Kearney Every major business transformation is
More informationC3X: Looking Back at Five Years in the Chemicals Industry
Fifth Anniversary Edition C3X: Looking Back at Five Years in the Chemicals Industry The Chemical Customer Connectivity Index examines market developments and how chemical manufacturers and their customers
More informationENERGY TRANSITION CHANCES FOR GERMAN AND TAIWANESE INDUSTRIES
ENERGY TRANSITION CHANCES FOR GERMAN AND TAIWANESE INDUSTRIES THE 17 TH TAIWAN-GERMANY JOINT BUSINESS COUNCIL MEETING Dr. Jürgen Friedrich CEO/Chairman Germany Trade and Invest www.gtai.de Agenda 1. Germany
More informationThe Development of Renewable Energies in Russia New Opportunities for Russian-German Cooperation
Chris Schmidt - istockphoto The Development of Renewable Energies in Russia New Opportunities for Russian-German Cooperation Dr. Jürgen Friedrich CEO Germany Trade & Invest Smart Companies choose Germany.
More informationPayNet UK Salary Tracker: What is the real cost of living for UK employees today?
PayNet UK Salary Tracker: What is the real cost of living for UK employees today? Overview Hay Group s quarterly PayNet UK Salary Tracker looks at how employees pay compares with a range of key economic
More informationThe Coalition Concept
The Coalition Concept Some suggest treating outsourcing as a marriage; others say it is a transactional arrangement. In our view, outsourcing is a coalition an alliance formed for mutual benefit. 1 It
More informationThe Purchasing Chessboard
The Purchasing Chessboard In turbulent times, markets become more volatile and differentiated. What does this mean for companies and industries worldwide? That a one size fits all supply strategy no longer
More informationA.T. Kearney Aerospace & Defense Services. Creating tangible and lasting results in Aerospace & Defense
A.T. Kearney Aerospace & Defense Services Creating tangible and lasting results in Aerospace & Defense A.T. Kearney s Scope of Expertise A.T. KEARNEY IS A GLOBAL MANAGEMENT CONSULTING FIRM THAT uses strategic
More informationThe Digital Imperative in Container Shipping
The Digital Imperative in Container Shipping BCG is the leading strategy advisor in shipping 350+ projects in last 3 years across entire value chain Operators, owners, managers Tanker, bulkers, containers,
More informationThe Emerging Markets Acceleration Program and Globalization Readiness Index. Capturing Breakthrough Growth in Emerging Markets
The Emerging Markets Acceleration Program and Globalization Readiness Index Capturing Breakthrough Growth in Emerging Markets The Boston Consulting Group (BCG) is a global management consulting firm and
More informationWarehousing: Charting the Way to a Winning Strategy
Warehousing: Charting the Way to a Winning Strategy Strong headwinds are challenging how companies operate their warehouses. Successful navigation hinges on optimizing capacity, improving utilization,
More informationRetail Banking: A Wealth of Opportunity for Retailers?
Retail Banking: A Wealth of Opportunity for Retailers? The retail banking sector, facing unprecedented change, offers an exciting opportunity for new entrants and particularly retailers if they ask the
More informationPutting the Wholesaler in the Driver s Seat. Best practices from the retail industry to improve profitability and gain competitive advantage
Putting the Wholesaler in the Driver s Seat Best practices from the retail industry to improve profitability and gain competitive advantage Wholesalers are more than supply chain intermediaries controlling
More informationHay Group Spectrum. The next generation HR solution
Hay Group Spectrum The next generation HR solution Today, you can t afford to have anything less than an integrated approach to HR. An approach that delivers real insights to strategic decision-making.
More informationSURVEY OF CORPORATE GOVERNANCE PRACTICES IN EUROPEAN FAMILY BUSINESSES
SURVEY OF CORPORATE GOVERNANCE PRACTICES IN EUROPEAN FAMILY BUSINESSES 1 In the summer of 2014, Russell Reynolds Associates and IESE conducted a survey of 400 of Europe s largest family-controlled businesses.
More informationGeneration in Germany under Decarbonisation: The German Energiewende Bangkok, November 2013
Generation in Germany under Decarbonisation: The German Energiewende Bangkok, November 213 Lars Dittmar lars.dittmar@tu-berlin.de Department of Energy Systems Prof Dr. Georg Erdmann www.ensys.tu-berlin.de
More informationOrchestrating Product Innovation Success in CPG and Retail
Orchestrating Product Innovation Success in CPG and Retail Shifting consumer trends are challenging retailers and CPGs to innovate against unmet needs Unmet Needs Consumer Trends Focus on self-fulfillment
More information7 Pivotal HR competencies for global business in 2017
Your Leadership Partner 7 Pivotal HR competencies for global business in 2017 Karen Fogh-Andersen, Managing Partner Stanton Chase Copenhagen, Denmark March 2017 www.stantonchase.com How companies need
More informationProfitable Growth for E-tailers: Managing Fulfillment on a Tightrope
Profitable Growth for E-tailers: Managing Fulfillment on a Tightrope Balancing fulfillment scalability with efficiency through a structured approach can give e-tailers a competitive advantage. 1 Building
More informationManaging disruption through strategic cost transformation
CII TCM Cost Congress 2017 Managing disruption through strategic cost transformation Conference Presentation 20-Nov-2017 Kaushika Madhavan, Partner A.T. Kearney Indian organizations face multiple disruptions
More informationTrade Spend Transformation
Trade Spend Transformation Overcoming Fear to Generate Value Transforming trade spend across brands and channels can be daunting. Six steps can help any organization overcome the fear of change to eliminate
More informationHealthcare.
Healthcare www.stantonchase.com Stanton Chase is a leader in executive search and leadership consulting with a global footprint, local expertise, and extensive experience across numerous industries and
More informationDigital Lean: The Next Stage in Operations Optimization
Lean: The Next Stage in Operations Optimization Traditional lean needs a turbo-boost from digital to manage rising complexity and increasingly linked value chains. COOs should start investing now in the
More informationOpportunities for Action in Financial Services. Refocusing on Costs
Opportunities for Action in Financial Services Refocusing on Costs Refocusing on Costs Thanks to rapid economic expansion and widespread industry consolidation, banks have grown dramatically during the
More informationWe help organisations. work. by transforming strategy into reality
We help organisations work by transforming strategy into reality 2 Helping organisations work Hay Group is a global management consulting firm that works with leaders to transform strategy into reality
More informationSupply Chain: Going beyond cost & service
Mashik Conference Supply Chain: Going beyond cost & service Presentation document 28 th June 2017 Jan van der Oord Now more than ever, corporations need to rapidly innovate not only to stay ahead but simply
More informationChina Pursues Excellence in Logistics. A.T. Kearney s Logistics Excellence in China Study
China Pursues Excellence in Logistics A.T. Kearney s Logistics Excellence in China Study While China and the world rebound from the worst economic crisis in 80 years, a new operating paradigm awaits companies
More informationPeople, process and technology
People, process and technology Discovering the intelligent connection EY Discovery Services Why EY? Your discovery approach is pivotal. Do it wrong, and you invite risk. Do it right, and discovery acts
More informationLarge Capex Projects: Solving the ROI Dilemma
Large Capex Projects: Solving the ROI Dilemma Striking the right balance between capital expenditures and financing options is key to maximizing return on investment in large capex projects. 1 A new steel
More informationSouth Africa Apparel Retailers Brace for Change
South Africa Apparel Retailers Brace for Change Slow growth is shaking up South Africa s apparel industry. Local retailers that survive or better, thrive must be predictive, responsive, and integrated.
More informationOpportunities for Action in Industrial Goods. Getting Procurement Right: Positioning the Center to Capture Value
Opportunities for Action in Industrial Goods Getting Procurement Right: Positioning the Center to Capture Value Getting Procurement Right: Positioning the Center to Capture Value The current economic slowdown
More informationSolar energy: Prospects, policy and experience The case of Germany
Solar energy: Prospects, policy and experience The case of Germany RFF/IETA Side Event COP-16 Dr. Felix Chr. Matthes Cancun, 6 December 21 Structure of the presentation A numerical overview Renewables
More informationConsumer Products & Services.
Consumer Products & Services www.stantonchase.com Stanton Chase is a leader in executive management and board search with global reach, local expertise, and extensive experience across numerous industries
More informationDAX 30 Supervisory Board Study 2018
DAX 30 Supervisory Board Study 2018 2 Key insights from this year s analysis Super election year 2018 : 35% of seats were up for election 167 continuing mandates 47 re-elections 47 167 42 42 newly elected
More informationAdapting to the Inevitable
ThinkForward: A.T. Kearney s foresight series As recent natural disasters illustrate, learning how to deal with a changing climate is an important topic of discussion for governments and businesses worldwide.
More informationConducting the End-to-End Value Chain Orchestra
Mastering Disruptive Change in Manufacturing Conducting the End-to-End Value Chain Orchestra Optimization and synchronization among value chain partners may one day make a zero-inventory value chain a
More informationConsumer Products & Services
Consumer Products & Services Global Consumer Products and Services Practice Group www.stantonchase.com Stanton Chase is a global leader in executive search and leadership consulting with extensive experience
More informationExcellence in Capital Projects: A Goal Yet to Be Achieved
Excellence in Capital Projects: A Goal Yet to Be Achieved There is much room for improvement in capex performance, with a clear gap between leading practitioners and the rest. Embedding best practices
More informationAirline Employer Branding: How to measure the Unmeasurable
Airline Employer Branding: How to measure the Unmeasurable Hans Nilsson Global Sector Leader Aviation & Aerospace Partner www.stantonchase.com The global airline industry has changed significantly during
More informationShifting the Board s Focus from Compliance to Engagement: Best Practice Examples to Unlock Latent Value
Shifting the Board s Focus from Compliance to Engagement: Best Practice Examples to Unlock Latent Value By Steve Goodman and Roopa Foley Board members today must grapple with increasingly complex matters
More informationRemCo Chairs in the Spotlight
RemCo Chairs in the Spotlight 2 Executive Summary As investor pressure on boards to reduce excessive pay and introduce greater transparency has increased, so too has the level of media scrutiny, with compensation
More informationReaching Your Digital Full Potential
Reaching Your Digital Full Potential It s not enough to predict the next big technology trend. Or run various digitization initiatives. You need to embrace the digital opportunities across all dimensions
More informationEnergy Reform in Germany: Progress or Stagnation?
Energy Reform in Germany: Progress or Stagnation? 2019 NARUC Winter Policy Summit, February 10, Washington DC Jens Acker Counselor Energy, Trade, Digital Economy Embassy of the Federal Republic of Germany
More informationOverview of the financing framework for the German Energiewende
Overview of the financing framework for the German Energiewende Dr. Urban Rid Director General Energy Policy electricity and grids Federal Ministry for Economic Affairs and Energy Berlin, 13 November 2014
More informationInsights from Germany s Energiewende
Insights from Germany s Energiewende State of affairs, trends and challenges Christian Redl BUDAPEST, 3 NOVEMBER 2016 Agora Energiewende Who are we Independent think tank with more than 20 energy policy
More informationFollow the Procurement Leaders: Seven Ways to Lasting Results. A.T. Kearney s 2011 Assessment of Excellence in Procurement Study
Follow the Procurement Leaders: Seven Ways to Lasting Results A.T. Kearney s 2011 Assessment of Excellence in Procurement Study Authors John Blascovich, partner, New York john.blascovich@atkearney.com
More informationGermany s Energiewende
Germany s Energiewende at a glance Vienna, 4 MARCH 2014 Basic Facts 1 What is it all about? A Definition of the Energiewende In order to realise high shares of Renewables in the entire energy system, a
More informationGuide to becoming a self-employed lawyer in Australia
Guide to becoming a self-employed lawyer in Australia Contents Legal consulting a new way of working 3 Peerpoint the right choice for you? 4 The basics of self-employment 5 Setting up and running an ILP
More informationWhat is executive remuneration in high definition?
Executive remuneration in high definition Article two a high definition approach to benchmarking Our latest series of papers turns a high definition lens to different aspects of executive reward. This
More informationRenewables subsidy schemes in Europe. Energy Economics Summer School, University of Auckland 19-Feb-2018
Renewables subsidy schemes in Europe Energy Economics Summer School, University of Auckland 19-Feb-2018 Briony Bennett 2008 - Bachelor of Arts & Science, University of Auckland 2012 - Masters of International
More informationOpportunities for Action in Consumer Markets. Procurement: An Untapped Opportunity for Improving Profits
Opportunities for Action in Consumer Markets Procurement: An Untapped Opportunity for Improving Profits Procurement: An Untapped Opportunity for Improving Profits Deep inside every company is a procurement
More informationMaximizing the Make-or-Buy Advantage. A Scenario-Based Approach to Increasing Resilience and Value
Maximizing the Make-or-Buy Advantage A Scenario-Based Approach to Increasing Resilience and Value The Boston Consulting Group (BCG) is a global management consulting firm and the world s leading advisor
More informationIn a New Era for Boards, Culture Is Key
In a New Era for Boards, Culture Is Key A healthy board culture is increasingly recognized as an important element of board performance. But unlike other areas of board governance composition, risk, succession
More informationThe German Energiewende : Shining or Warning Example for Europe?
The German Energiewende : Shining or Warning Example for Europe? 5 th Conference ELECPOR November 1, 2013 Thomas Barth, CEO and Chairman of the Managing Board, E.ON Energie AG 1 2 March 2011: Impact of
More informationHigher Visibility, Greater Expectations. A.T. Kearney Indirect Procurement Study, 2010
Higher Visibility, Greater Expectations A.T. Kearney Indirect Procurement Study, 2010 The procurement of indirect goods and services do you mean paper clips, printer paper and temps? We just don t have
More informationBoards and Board Evaluations: A Missed Opportunity Erik P.M. Vermeulen
Boards and Board Evaluations: A Missed Opportunity Erik P.M. Vermeulen Shareholders Legal/Moral Owners = Corporate ACCOUNTABILITY Board of Directors CEO/Executives Staff EMPOWERMENT Governance Compliance
More informationOpportunities for Action in Industrial Goods. Making E-Procurement Real Now
Making E-Procurement 1/29/01 1:38 PM Page 1 Opportunities for Action in Industrial Goods Making E-Procurement Real Now Making E-Procurement Real Now Electronic procurement is supposed to be the slam dunk
More informationCompetitive energy landscape in Europe
President of Energy Sector, South West Europe, Siemens Competitive energy landscape in Europe Brussels, siemens.com/answers Agenda Europe s competitiveness depends on an affordable and reliable energy
More informationEnergy Policy in Germany: Energiewende
Energy Policy in Germany: Energiewende Content 1. The German energy transition Overall aims and ambitious targets 2. Renewable energies 3. Power Grids 4. Power Plants, Electricity markets of the future
More informationSnapshot of our Banking and Finance practice
Snapshot of our Banking and practice 2 Snapshot of our Banking and practice What you can expect from us Tier 1 Firm for Banking in Germany Legal 500 2017 Chambers Global 2016 IFLR1000 2017 Leading Law
More informationPerspectives. Acquiring Your Future
Perspectives Acquiring Your Future Acquiring Your Future Assume that innovation will occur elsewhere. So says Joy s Law, a less famous cousin of Murphy s Law. But for many companies, Joy s is the far more
More informationCFO and Financial Executives
CFO and Financial Executives www.stantonchase.com Stanton Chase is a leader in executive search and leadership consulting with a global footprint, local expertise, and extensive experience across numerous
More informationWorld Energy Outlook 2010 Renewables in MENA. Maria Argiri Office of the Chief Economist 15 December 2010
World Energy Outlook 2010 Renewables in MENA Maria Argiri Office of the Chief Economist 15 December 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears
More informationCargo Sales & Service Presentation. Air Logistics Group
Cargo Sales & Service Presentation Air Logistics Group Air Logistics Group Introduction Introducing Air Logistics Group IATA Approved Over $450m cargo sales 280 employees worldwide Experienced management
More informationRENEWABLE ENERGY FINANCE FORUM WALL STREET
25 June 2014 RENEWABLE ENERGY FINANCE FORUM WALL STREET Michael Liebreich, Chairman of the Advisory Board Twitter: @mliebreich ABOUT BLOOMBERG NEW ENERGY FINANCE 200 people providing information on renewable
More informationFormation of Electricity Prices
Formation of Electricity Prices Charlotte Loreck Energy and Climate Division Öko-Institut e.v. Berlin for Heinrich Böll Foundation, Prague 15 May 213 Agenda Consumer price for electricity Price Formation
More informationRenewable energy in Europe. E-turn 21 workshop Cologne, 10 May 2006
Renewable energy in Europe E-turn 21 workshop Cologne, 10 May 2006 Content 1. Introduction to Essent 2. EU policy 3. Support for renewable energy 4. Success factors 5. Outlook and recommendations Content
More informationWorking out post-employment notice pay ( PENP ) steps and examples. April 2018
Working out post-employment notice pay ( PENP ) steps and examples April 2018 Step 1: What is the relevant termination award? The RTA ( relevant termination award ) is any payment or benefit to compensate
More informationGLOBAL ENERGY STORAGE LANDSCAPE AND CHINA S GROWING ROLE
GLOBAL ENERGY STORAGE LANDSCAPE AND CHINA S GROWING ROLE 2 ND SINO-BRITISH WORKSHOP: THE FUTURE OF ENERGY STORAGE TECHNOLOGIES AND POLICY JUN YING 25 MAY 211 Global Energy Storage Landscape and China s
More informationLeadership Jumping Ship. Attracting and retaining the best performers at professional services firms
Leadership Jumping Ship Attracting and retaining the best performers at professional services firms 2 Summary In September 2016, Russell Reynolds Associates surveyed 333 senior executives at professional
More informationassessment in the middle east
The key challenge facing Middle Eastern companies is how to identify and empower the next generation of leaders who can make their businesses compete on the global stage. The purpose of this paper is to
More informationGermany s energy system and the status of the energy transition
Energiewende Germany s energy system and the status of the energy transition Dr Falk Bömeke, LL.M. (Sydney) Federal Ministry for Economic Affairs and Energy Drivers, challenges and opportunities of the
More informationc-suite 2008 A Guide for Human Resources Executives
The Path to the c-suite 2008 A Guide for Human Resources Executives Executive Summary What does it take to achieve the rank of Chief Human Resources Officer (CHRO)? In an effort to answer this question,
More informationStanton Chase Best Practice Methodology In Executive Search. Step 1: Talent Acquisition Mindset. Your Leadership Partner
Your Leadership Partner Stanton Chase Best Practice Methodology In Executive Search Step 1: Talent Acquisition Mindset October 2017 www.stantonchase.com Stanton Chase is unique in the executive search
More informationDevelopment of Petrochemical Clusters in India Success Factors & Agenda
6 th Petrochemical Conclave Development of Petrochemical Clusters in India Success Factors & Agenda July, 2017 Anshuman Maheshwary Partner & Lead, Chemicals and Oil & Gas India Petrochemical industry in
More informationDelivering a Sustainable Energy Future for the World
5th National Energy Forum - Malaysia 3 September 2013 Delivering a Sustainable Energy Future for the World Ralph D. Samuelson Asia Pacific Energy Research Centre (APERC) APEC Member Economies From APEC
More informationGovernance Watch Webcast #1: Best Practices in Board Succession Planning
Governance Watch Webcast #1: Best Practices in Board Succession Planning In the ever-evolving market, boards must carefully consider how they will both lead and adapt along with their organizations. In
More informationThe German Energiewende German Renewable Energy Policy
The German Energiewende German Renewable Energy Policy Markus Kurdziel Programme Office International Climate Initiative (BMU) 1 Overview Drivers and Targets of Germany s Energy Policy German RE Policies
More informationEurope s International CEP Market: Solid Growth With Challenges Ahead
Europe s International CEP Market: Solid Growth With Challenges Ahead As international volumes flourish, delivering profits will require juggling several trends while also keeping an eye on a handful of
More informationJapan s Power Sector and CO2 Pathways
Japan s Power Sector and CO Pathways From restarted aging nuclear plants to risky coal-fired plant investments and looming CO reduction targets, Japan s power sector faces uncertainty in every direction.
More informationLeadership Transitions: Differences Across Leadership Levels
25 June 2013 Leadership Transitions: Differences Across Leadership Levels Joy F. Hazucha The Korn/Ferry Leadership and Talent Consulting family Mission Better leaders, Better world Vision Premier global
More informationA shared global vision Helping you do business all over the world
Helping you do business all over the world Client Commitment Innovative Solutions Global Service Contents Client Commitment. Innovative Solutions. Global Service. 5 Why work with us? 6 Welcome to our world
More informationStatus and Challenges of the German Energiewende
Status and Challenges of the German Energiewende Prof. Dr. Andreas Löschel Westfälische Wilhelms University Münster Energy Colloquium, University of Oxford, 23 May 2017 1/ 16 The German Energy Turn Energiewende
More informationDe-Stranding the Strategic Planning Process
De-Stranding the Strategic Planning Process The case for a continual strategic planning capability is unassailable as business leaders today must decipher an external environment marked by volatility,
More informationDEVELOPING DECENTRALISED ENERGY SYSTEMS FOR URBAN REAL ESTATE SCHEMES
New urban real estate developments are increasingly sourcing their energy from decentralised energy systems rather than from connections to the national grid networks. This briefing sets out some of the
More informationRenewable electricity: Non-OECD Summary OECD Americas OECD Asia Oceania OECD Europe References...
TABLE OF CONTENTS Foreword... 3 Acknowledgements... 4 Executive summary... 13 The role of renewables in the energy mix continued to expand in 2013... 13 Strong market drivers, but increased risks for renewable
More informationEnergy from renewable sources in mature markets
Energy from renewable sources in mature markets Lecture notes for State University of Novi Pazar ENERESE Jan C. Bongaerts Energy from renewable sources in emerging and mature markets Lecture notes for
More informationDie Energiewende - Consequences of the energy transition on the German electricity market
Die Energiewende - Consequences of the energy transition on the German electricity market NOG seminar, 3rd November 211, Catrin Jung-Draschli catrin.jung-draschil@vattenfall.de Cornerstones of the energy
More informationEnergy transition on track or in troubled waters: Insights from recent trends and experiences in Germany and elsewhere
Energy transition on track or in troubled waters: Insights from recent trends and experiences in Germany and elsewhere Kyoto University Dr. Felix Chr. Matthes Kyoto, 3 th September 216 Transforming the
More informationHealth Care Viewpoint
Turning Industry Turbulence to Advantage Lessons From Other Industries Health Care Viewpoint Number 7 Bain health care expertise As the year 2000 approaches, the health care industry is still turbulent.
More informationStaying on the Leading Edge
Human Resources Staying on the Leading Edge Five important qualities for aspiring chief human resources officers So you want to be a CHRO. That s an admirable goal, but keep in mind that the responsibilities
More informationOpportunities for Action in Information Technology. Clusters and Nuggets: Mastering Postmerger IT Integration
Opportunities for Action in Information Technology Clusters and Nuggets: Mastering Postmerger IT Integration Clusters and Nuggets: Mastering Postmerger IT Integration In an age when corporate mergers are
More informationAssuming a professional mantle: UK arts boards examined
Assuming a professional mantle: UK arts boards examined 2 Assuming a professional mantle: UK arts boards examined Amidst a broader governance debate spreading across sectors, UK cultural boards must contend
More information