New World Energy Scenarios discuss three plausible pathways to 2040 focusing on the impact of "disruptive innovation" on energy system.
September 10, 2019 – Today the World Energy Council in collaboration with Accenture Strategy and the Paul Scherrer Institute launched an updated World Energy Scenarios report. Among the key findings, per capita energy demand projected to peak before 2030 and innovative net zero carbon pathways include hydrogen. The scenarios provide energy leaders with a clear strategic framework for navigating 'disruption-as-usual' and offer a platform to support a rigorous global strategic dialogue on the future of the energy system.
Launched today during the 24th World Energy Congress in Abu Dhabi, UAE the World Energy Scenarios 2019 report provides an update of the Council's global energy scenarios, presenting plausible pathways to 2040 with a focus on the broad and fast shifting landscape of innovation. The three musically-named scenarios are: Modern Jazz, which represents a 'digitally disrupted,' and market-driven innovative world; Unfinished Symphony, a future in which more 'intelligent' and circular economic growth models drive clean, affordable and sustainable energy transition; and, Hard Rock, which explores the consequences of inward-looking policies and weaker and unsustainable economic growth, in a more fragmented world.
The updated World Energy Scenarios provide new insights into the broader and fast-shifting landscape of innovation, which is emerging from within and beyond the energy system and includes not only new energy technologies but also policy, business model and social innovations. The scenarios highlight how different combinations of innovation accelerators – "the Constellations of Disruptions "– might trigger and scale to enable alternative energy pathways and disrupt existing value chains.
The report includes new story lines to 2040, supporting systems maps, comparative analysis on energy implications, six regional perspectives, as well as illustrative quantification, on an aggregated global and regional basis.
Key highlights and the energy system implications:
Dr. Angela Wilkinson, Senior Director, Scenarios and Business Insights, World Energy Council: "Signals of all the three world energy scenarios – Modern Jazz, Unfinished Symphony and Hard Rock – have been detected in all regions. By using these tools, energy leaders can realize the drive to thrive in an era of disruption and design energy pathways for prosperity, people and planet."
"Disruptive innovation is driving change in the energy system at an unprecedented scale and pace," said Muqsit Ashraf, Senior Managing Director, Accenture Strategy, Energy. "Our new Energy Scenarios highlight the impact of technology, policy, social, and business model changes on the demand and supply side. Our report suggests that under plausible scenarios, the climate targets are elusive. To achieve competitive agility and manage the economic, environmental and social objectives of the new energy system, industry leaders will have to double down on their response to challenges from peak demand and value, managing emissions, investing in infrastructure, and unleashing digital systemwide."
Dr. Tom Kober, head of the Energy Economic Group of the Paul Scherrer Institute emphasizes that „The transformation of the energy economy is a systemic challenge where interdependencies between technologies, actors, markets and the environment play a decisive role on how new energy structures emerge and how successful future energy and climate goals will be achieved."
Ged Davis, Executive Chair Scenarios, World Energy Council, concluded: "Technological innovation, climate change and more tense geopolitics are disrupting the world of energy. These world energy scenarios provide the perfect tool for assessing these macro-uncertainties and crafting a strategic response for your enterprise."
You can download the World Energy Factsheet from here Link
About the World Energy Council / www.worldenergy.org
The World Energy Council is the principal impartial network of energy leaders and practitioners promoting an affordable, stable and environmentally sensitive energy system for the greatest benefit of all. Formed in 1923, the Council is the UN-accredited global energy body, representing the entire energy spectrum, with over 3,000 member organisations in over 90 countries, drawn from governments, private and state corporations, academia, NGOs and energy stakeholders. We inform global, regional and national energy strategies by hosting high-level events including the World Energy Congress and publishing authoritative studies, and work through our extensive member network to facilitate the world's energy policy dialogue.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world's largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com
Accenture Strategy combines deep industry expertise, advanced analytics capabilities and human-led design methodologies that enable clients to act with speed and confidence. By identifying clear, actionable paths to accelerate competitive agility, Accenture Strategy helps leaders in the C-suite envision and execute strategies that drive growth in the face of digital transformation.
About Paul Scherrer Institute
The Paul Scherrer Institute PSI develops, builds and operates large, complex research facilities and makes them available to the national and international research community. The institute's own key research priorities are in the fields of matter and materials, energy and environment and human health. PSI is committed to the training of future generations. Therefore, about one quarter of our staff are post-docs, post-graduates or apprentices. Altogether PSI employs 2100 people, thus being the largest research institute in Switzerland. The annual budget amounts to approximately CHF 407 million. PSI is part of the ETH Domain, with the other members being the two Swiss Federal Institutes of Technology, ETH Zurich and EPFL Lausanne, as well as Eawag (Swiss Federal Institute of Aquatic Science and Technology), Empa (Swiss Federal Laboratories for Materials Science and Technology) and WSL (Swiss Federal Institute for Forest, Snow and Landscape Research).
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