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.”
On the occasion of the EBC inaugural meeting, Dr. Fatih Birol, who is also responsible for the flagship annual publication, World Energy Outlook (WEO), noted: “We have set up the Energy Business Council to ensure the voice of the energy sector is heard in the energy policy debate. These companies can offer us invaluable insights from the rich experience they have gained from operating in markets all over the world.”
For more information on the EBC, please e-mail Alessandro Blasi (firstname.lastname@example.org).