The Nordic countries are right to be proud of their leadership in the energy transition and to want to share their achievements with the world. The energy transformation is a monumental challenge and progress everywhere is still far too slow if the global temperature rise is to be kept to below levels agreed in the international climate deal signed in Paris in 2015. With this in mind, we encourage even those at the forefront of the transformation to look outside their borders for inspiration. We trust that FORESIGHT will spark conversations and galvanise action for change.
We face a fundamental change of the cost structure on the supply side and a need for a fundamental change.
They [the European Commission] are looking at this stuff backwards. I still think they are convinced the short-term market model could work even though they are also starting to realise that you need something parallel, with long term price signals that give investors confidence to invest in infrastructure and allow them to see a decent market return.
Despite tremendous cost decline of wind and solar technologies, electricity prices will probably remain too low to attract the level of investment needed.
The greatest barrier to overcome is the integration of variable renewables into electricity systems. This will require developing power system flexibility and also a friendly deployment of variable renewables.
Energy efficiency is the planet’s first fuel. Energy we don’t consume is cheaper, cleaner and more abundant than any other source. Insulating our buildings may seem an obvious way to save energy, but Rockwool Group’s Mirella Vitale warns that without ambitious long-term policy goals, society will fail to reap the full potential of energy efficient buildings
Exciting new technology, equipment and greater political will help boost the image of energy efficiency, a vital tool in reducing emissions, says Jennifer Layke, US-based Global Director of the Energy Programme at the World Resources Institute
Full support for energy efficiency from EU politicians will give companies the confidence to invest in projects that will benefit the economy, the environment and society at large, says Monica Frassoni, President of the European Alliance to Save Energy