As the global energy sector undergoes deep changes, an enhanced dialogue between the public and private sector is more important than ever. This critical dialogue can contribute to improving energy security and environmental sustainability while shaping the energy landscape for years to come.
Against this background, more than 30 senior executives representing global companies and leaders in key sectors across the entire energy system met in Paris on 15 and 16 March for the meeting of the IEA Energy Business Council.
Chaired by Dr Fatih Birol, the IEA's Executive Director, with the participation of the IEA's Governing Board Chair, Edmund Hosker, as well as senior management, the group discussed key emerging issues, including recent updates on global energy markets and the growing influence of digitalisation on the energy sector.
"The volatile, complex, and interconnected nature of today’s energy system poses unique challenges for the future of a sustainable energy system," said Dr Birol. "The value of cross-industry collaboration cannot be understated, especially during these complex times, as it provides practical expertise and know-how in shaping our policies for IEA and non-IEA governments".
The meeting also provided the opportunity to discuss how IEA and the private sector can build an even stronger relationship.
Members of the EBC also convened in a joint session with the IEA Governing Board to discuss two broad themes at the core of the IEA’s activities, including addressing emerging risks to long-term energy security and ensuring an economically sustainable energy future
Companies that participated in the EBC meeting included CEZ Group, Chevron, Danfoss, EDF, Enagas, Enel, Engie, Eni, ExxonMobil, Fortum, GE Power Conversion, Glencore, Hess Corporation, Hitachi, Iberdrola, Michelin, Microsoft, Mitsubishi, Morgan Stanley, PGNig, Repsol, Schneider Electric, Shell, Siemens, SK Group, Statoil, Toshiba, Total, Uniper, and Vattenfall.