IEEE Green Energy Summit 2015, Panel 1: When will green become the new normal?

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#Energy #renewables #energy trilemma #security of supply #energy transition #energy prices #consumers #CO2 emissions.

Growing awareness of possible future scarcity in energy sources and the dependency on foreign primary energy sources has led to a turnaround in the energy policy in Europe, transitioning towards a more renewable energy supply. Recent events such as the Fukushima incident have accelerated this process. As a result, renewable energy sources are forming a considerable portion of the current energy supply, an evolution which is expected to continue over time. The growth was initially driven by ambitious targets on the one hand, and a wide set of support measures promoting the introduction of renewable energy sources on the other. The renewable energy sector has seen a strong growth of the last decades, with a leading role for the European industry, also on a global level. The levelized cost of energy sources of the different energy sources has dropped considerably, with many of them becoming competitive.

Key discussion points

  • How long should we keep supporting green energy which is becoming increasingly competitive, and what are the appropriate means to do so (local vs EU-wide, CO2 tax, subsidies, priority access…)?
  • What is the overall objective of future incentive schemes?
  • How can we incentivize further increasing levels of renewables with decreasing whole-sale market prices (marginal cost = 0) for increasing the penetration of renewables?
  • Should there become a shift of incentives towards renewables enablers (grid, storage…)?

Panel Members:

Hans ten Berge – Secretary General, Union of the Electricity Industry (EURELECTRIC) 

Marie Donnelly – Director, Renewables, Research and Innovation, Energy Efficiency Directorate-General for Energy, European Commission

Tomas Gomez San Roman – Electrical Engineering Professor, Comillas University, Spain

James Luger – Senior Manager Sustainable development, Office of Gas and Electricity Markets (Ofgem), UK and Council of European Energy Regulators (CEER)

This is the 3rd panel discussion from IEEE's 2015 Summit on Secure Green Energy, held in Brussels on November 2015. Topics discussed include:

• How long should we keep supporting green energy which is becoming increasingly competitive, and what are the appropriate means to do so (local vs EU-wide, CO2 tax, subsidies, priority access…)?

• What is the overall objective of future incentive schemes?

• How can we incentivize further increasing levels of renewables with decreasing whole-sale market prices (marginal cost = 0) for increasing the penetration of renewables?

• Should there become a shift of incentives towards renewables enablers (grid, storage…)?

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