World Energy Trilemma
Getting clean energy investment flowing: the impact of energy policy and the availability of finance on businesses' ability to respond
Speaker: Joan MacNaughton
Respondent: Prof Bob Lowe, UCL Energy Institute
Chair: Prof Tadj Oreszczyn Director, UCL Energy Institute
The lecture will be followed by networking drinks at 7.30pm, with the event finishing at 8.00pm
*the lecture will begin promptly at 6.30pm, please ensure you arrive in plenty of time*
Faced with a predicted growth in global energy demand of more than 30% by 2035; with the challenge of giving the billions who currently lack them access to modern energy services; and with reconfiguring the legacy capital stock of developed nations with energy infrastructure suited to keep the increase in global average temperatures to a manageable level, policy makers across the world need to construct frameworks which will drive investment in the energy sector to unprecedented levels at an unprecedented pace. This lecture will explore what kinds of policies are likely to work, drawing on work for the World Energy Council which assesses the energy policies of nearly 100 countries. It will summrise what energy industry leaders need from policymakers to be able to unlock their balance sheets to help deliver secure, affordable and clean energy services, and touch on what the policy response can and should be at this critical juncture.
About the Speaker:
Joan MacNaughton has been an influential figure in energy and climate policy in a variety of UK, EU and international roles.
Joan has played a key role in shaping UK energy policy. As Director General of Energy from 2002 she led the work to put climate change at the centre of energy policy and helped drive forward implementation of the EU Emissions Trading Scheme. She made a significant contribution to international energy policy, including overseeing the energy agenda during the UK Presidency of the EU and leading the energy work agreed at the G8 Gleneagles Summit. She was Chair of the Governing Board of the International Energy Agency (IEA), leading the review of the Agency’s strategy during her two years in the post and leading the Board’s emergency response to the supply disruption caused by Hurricane Katrina, as well as securing Governing Board acceptance of a key role for the IEA in responding to the G8 Gleneagles recommendations.
From 2007 Joan was Senior Vice President, Power and Environmental Policies with Alstom Power, a technology developer and leading provider of integrated power plants, equipment and services. She created and led Alstom Power & Environmental Policies’ department, which spearheaded Alstom’s clean power advocacy: to advance clean, sustainable energy and reduce power generation CO2 emissions, and was a member of Alstom Power’s Operational Committee, involved in the company’s strategic and operational decisions. From December 2011 to 2012 she acted a Global Advisor on Sustainable Policies for the company.
Joan is an Honorary Fellow and President of the Energy Institute, a Senior Research Fellow at the Oxford Institute for Energy Studies, a member of the International Advisory Board of the Energy Institute of University College London; of the GCCSI’s Board Selection Panel; and of the Board of Governors, Argonne Laboratory at the University of Chicago where she chairs the Budget Committee. She has served on the Boards of the Carbon Capture and Storage Association (CCSA), the International Emission Trading Association (IETA), and the Policy, Regulatory and Legal Steering Group of GCCSI, and for six years was a Non Executive Director of a FTSE 250 company. She is a Companion of the Order of the Bath.
About the UCL Institute for Sustainable Resources:
Created in 2012, the vision of the UCL Institute for Sustainable Resources (UCL ISR) is a world of globally sustainable resource use. In pursuit of its Vision, the Mission of UCL ISR is to generate knowledge by supporting cross-disciplinary research approaches to promote the globally sustainable use of natural resources.
When & Where
The UCL Institute for Sustainable Resources was established as an academic department in 2011. It is a cross-disciplinary institute set up to carry out research, teaching and enterprise work in the research theme of sustainable use of resources and the environment and to bring together capabilities from across UCL. In 2012 we were re-located within the Bartlett, UCL’s Faculty of the Built Environment, and have developed a close relationship with UCL-Energy, with which we undertake joint projects, and share research tools and approaches.