Sustainable energy is a goal for all, so all must work towards it
The World Energy Council (WEC) was founded in 1924 and has spent the past nine decades acting as a catalyst for energy policy change across the globe. Headquartered in London, the WEC provides a central hub for collaboration among energy industry companies, government entities, and private organizations. According to recent comments by the WEC, continued dialogue and communication among these groups is essential for improved energy sustainability figures among all types of nations. While the goals and ideals of private industry may vary from those of governmental regulatory agencies, the net result of any decision around energy production and consumption must equal better energy sustainability numbers.
What are some of the concerns of energy industry policymakers today?
Those in the energy industry who have the ability to influence policy and future growth see the following areas of opportunity regarding the state of our global energy sector:
- A lack of global consensus on climate change – With much of the energy industry legislation being driven by climate change facts and figures, a lack of consensus in this area has lead to a bipartisan approach to energy industry concerns. Climate change has gone beyond the scientific data, and has emerged as one of this decade’s biggest sources of contention among industry experts, politicians, and the general public.
- No cohesive future energy systems plan – There is no “perfect” national energy plan for every nation on the planet. What works for one country may not serve the needs of another, or may not be economically feasible given the socio-economic status of a given nation. Factor in geographic anomalies that may make one nation favor a specific energy system over another, and you’ll find little consensus on this topic.
- Shifting patterns of energy use – With some nations dramatically increasing their domestic energy supplies over the past few years (The US is a great example), reliance on foreign supplies – and therefore, foreign energy policies, has waned. This has caused a tremendous amount of political tension among energy producing nations and has shaped some of the decisions made toward future energy policies.
WEC energy sustainability index ratings demonstrate how developed nations lead in innovative energy policies
The WEC energy sustainability ratings are also important as they help determine which nations are making headway in the global energy field. These ratings show that the majority of nations that are in a leading position are also highly developed and modernized countries. It is important that these developed nations provide assistance and guidance to lesser-developed countries so that energy independence and sustainability is maximized on a global level. Developed nations must show those that are slower to adopt new technologies and practices that being less risk averse may provide long-term benefits in energy equity and energy sustainability ratings.