Transcript Didier_Houssin_s_presentation

Security and Reliability of Supply
Through Competitive Energy
Markets
Mr. Didier HOUSSIN, Director,
Energy Markets and Security
International Energy Agency
World Forum on Energy Regulation IV
Athens, Greece
October 18 - 21, 2009
Gas and electricity in
OECD countries
Incremental OECD Electricity production
compared to previous year
Source: IEA, Monthly Electricity Statistics
Incremental OECD gas demand
compared to previous year
Source: IEA, Monthly Gas Data Service
Electricity generation in OECD countries has declined by 5.2% over the first
6 months compared to the same period last year
Gas demand has declined by 6.5% (53 bcm) during the same period.
Didier Houssin - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Investing in a World of
Uncertainties
• Uncertainties about future energy demand,
electricity technologies and gas import
requirements
• Uncertainties about the development of
upstream resources in the world
• Regulatory uncertainties
• Financial uncertainties
Didier Houssin - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
New Gas Infrastructure
Targeting Europe
Source: IEA, NGMR 09
Didier Houssin - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Achieving Comprehensive
Energy Security
• Well-functioning, flexible markets are the best way to
assure security of supply
• Countries should review its gas market and gas
security policies and improve individual emergency
preparedness
• IEA could contribute
– By monitoring progress in gas market and gas
security policy,
– Developing crisis scenarios and conduct emergency
response exercises and reviews,
– Encouraging collective approaches
Didier Houssin - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
The Path to a Low
Carbon World
World primary energy demand by fuel and scenario in 2030
Source: Early excerpt of WEO 2009 for Bangkok UNFCCC meeting
Didier Houssin - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Key Messages
• Deep emission cuts are technically achievable but an ‘energy
revolution’ is needed
– Developing Countries must be part of the solution
– Barriers: public opposition; financing needs; slow capital stock
turnover; timeliness of technology development
• For energy security and climate change mitigation
– Must invest in low carbon technologies: energy efficiency,
renewables, CCS and nuclear must all be embraced
• The economic & financial crisis has sharply reduced investment all
the way down the energy supply chain, from production to end use
– This will have far-reaching effects on energy security, climate
change and energy poverty
– The current crisis is an opportunity to place a Clean Energy New
Deal at the heart of economic stimulus packages everywhere
Didier Houssin - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Thank you for your attention
Didier Houssin - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009