World Energy Congress, 2013
James Stodder, (Economics PhD., Yale 1990)Lally School of Management
Rensselaer Polytechnic Institute at Hartford
Founded in 1924. Congress every 3 years, different
continents. > 3,000 organizations from 90 countries. Oil & Gas Companies (Shell), Utilities
(Duke), Generation and Transmission Companies (Alstom Power).
Viewpoint of BIG OIL
Khalid Al-Falih, President & CEO, Saudi Aramco
Time to ‘end subsidies to
renewables.’
‘Equal Rights’ for all energy
sources.
Speaking of Subsidies: Global fossil fuel subsidies: $523 billion,
renewable energy subsidies: $88 billion, 2011.
- Fatih Birol, Chief Economist, International Energy Agency
http://www.ewea.org/news/detail////eu-wind-industry-faces-tough-challenge-and-politicians-should-not-make-it-worse
/
CEO RosNeft, Igor Sechin
Russia offers not just ‘Energy Security,’ but also:
• ‘Political Stability’• ‘Transparency’
Decline of Trade ‘Stealth’ Protectionism*
• Compare to the ‘De-Globalization’ of WWI to WWII Period.
• * Simon Evenett, Global Trade Alert:
• 1,500 new trade restrictions among G20 countries since 2008.
“Trade: Into uncharted waters, “Shawn Donnan, Financial Times, Oct. 24, 2013
Other Voices: Swiss RE 2nd Largest Reinsurance Co., $35 Billion Mkt. Cap
Agostino Galvagni, CEO, Corporate Solutions: Global Warming is real. It is almost certainly ‘anthropogenic.’ Weather-related Disasters are becoming
more common and more severe.
Other Voices:
Gwen Andrews, Giles Dickson: VPs Environment Policy for Australasia, World, respectively.
Andrews: Alstom “agnostic” on energy sources, but Committed to Sustainability
Dickson: IGPCC report ‘much worse’ than most people recognize.
Other Voices:
Philippe Joubert, Chair GEI (Duke, CLP Group) “100 %” of large utility companies project
C02 price between $40 and $100 per ton But now, we’re “leaving the bill to our
children.”
Other Interesting Themes ‘Distributed Generation’ and ‘Micro Grids’ to cope with
Variability of Renewables
Fossil Fuels as Supplement to Renewables (inversion of traditional perspective)
CT has ‘first in nation’ statewide project to promote Micro-Grids (subsidies of $19 m. to date, $20 m. more scheduled)*
* http://www.greenbiz.com/news/2013/08/09/connecticut-plans-nations-first-statewide-microgrid
http://www.energybiz.com/magazine/issue/325105/energybiz-magazine-septemberoctober-2013