As the private sector will be responsible for making the vast bulk of future energy investment, it is becoming increasingly necessary for governments and industry to work hand-in-hand to develop the right framework conditions that will empower businesses to undertake the huge investment programmes required for a cleaner and more efficient energy future.
The IEA Energy Business Council (EBC) seeks to contribute to the achievement of this goal by providing a forum to enhance co-operation between the energy sector and energy policy makers.
Founded and chaired by Dr. Fatih Birol, IEA Chief Economist, the EBC is an executive-level group that represents a wide variety of companies involved in all aspects of the energy industry. It brings together some of the world’s largest companies involved in energy exploration, production and consumption, ranging from oil, natural gas and coal companies to automobile and appliance manufacturers, wind and solar producers and financial institutions.
Ms. Maria van der Hoeven, IEA Executive Director stated: “Now, more than ever, governments and industry must work together to overcome the various barriers that are delaying a new wave of investment to develop tomorrow’s energy infrastructure. That is why I am committed to further enhancing the IEA’s engagement with industry through the Energy Business Council.”
The Energy Business Council (EBC) meetings are designed to provide an opportunity for governments and industry to discuss the most important issues of the energy market, as well as share views on long-term policies. One of the most important objectives of the EBC meetings is to provide feedback on IEA activities, with a specific focus on the WEO analysis.
As a result, this exchange works both ways. On one hand the insights from EBC meetings provide valuable input to IEA work, and on the other, the WEO constitutes a useful reference and a support for informed decision making in business and industry.
Many opinion leaders, both from governments and industry, acknowledge the importance of the WEO as a fundamental guide on the dynamics of the global energy sector and recognise the EBC process as a forum, instrumental in developing the confidence and dialogue between stakeholders of the energy markets. See the section Opinion Leaders on WEO
The findings of the WEO are frequently used in industry publications such as financial, annual and sustainability reports and presentations.
The Energy Business Council convenes a few times each year to discuss current challenges and recent developments in energy markets. It offers a forum for interactive discussions between ministers and industry leaders…Read more ...