Younghoon David Kim

Chair, World Energy Council 2016 - 2019

Insights from Davos from David Kim, Chair of the World Energy Council

Posted on 23 02 2017

 

 

Younghoon David Kim, Chairman from the World Energy Council attended the 47th World Economic Forum Annual Meeting held in Davos-Klosters, Geneva, on 17-20 January 2017 under the theme “Responsive and Responsible Leadership”. The event aimed to foster world leaders’ collective responses and credible actions in the context of “an emerging multipolar world”, similar to those trends set out in the World Energy Council’s recently published World Energy Scenarios entitled, ‘The Grand Transition’. In his 14th year of attending the annual leaders’ meeting, David Kim shares with the network some of his key takeaways from this year’s Davos meeting.

 

The importance of the Asian voice

Signalling a shift in the role of Asian leadership Davos welcomed its first appearance from a Chinese leader. President Xi of the People’s Republic of China provided the one hour opening plenary which was very compelling to see.

 

His presence, together with several senior Chinese government officials, including Mr. Nuer Baikeli, Administrator of the National Energy Administration and Vice-Chair of the National Development and Reform Commission of China, who spoke about China’s desire to “really promote smart, decarbonised energy in the future and improving energy efficiency”, was a strong signal to the world and to the energy sector. Mr Baikeli, who is also Vice-Chair for the Asia Region of the World Energy Council, also pointed out that there was “no one size fits all” when it came to solutions with China, assessing its unique situation in terms of its own energy Trilemma.

 

Mr Baikeli’s role with the Council and his words at Davos highlight more than ever the importance of the Council’s continuous outreach and efforts to work with China.  China will this year host the Clean Energy Ministerial in Beijing, which will include representation from the Council, and our working relationship with the ERI will further build on the meeting held between Mr Kim and Mr Baikeli which aimed to reinforce such collaboration.

 

The major topics highlighted in Davos which were similar to those addressed by Council and David Kim and that were discussed at the World Energy Congress included:

The important role of energy storage and its increasing mainstream concern. This was exemplified by the confirmation that Total was to buy a battery company and Patrick Pouyanne, CEO of Total, explained that: “You have to find a solution to store energy if you want to make renewables profitable.”

 

The critical idea of “Maintaining Innovation” and the necessity to bring people (inventors and investors) together was also highlighted. Again this was a major theme in the Council’s 7 realities messages issued during the 2016 World Energy Congress as well as the Chair’s inaugural address. At Davos, Alice Gast, President of Imperial College London and renowned scholar and author, summarised this thinking saying: “Innovation requires an environment, resources and people. A great environment includes basic research, unfettered ability to pursue new ideas (even if they are a challenge to the status quo). Resources are important including risk capital, places for companies to grow and places for people to convene. But it’s mostly about people – about the innovator. Bring the right people together and give them the right opportunities.”

 

The importance of “bringing basic science back into innovation” and “curiosity-driven fundamental research” were also main topics mirroring Chair Kim’s mentions of Faraday and Tesla in Istanbul.

 

One of the most controversial statements heard was provided by Oleg Deripaska; President of RUSAL, the largest aluminium company in the world; who said “Renewables are just an excuse to use more coal in some countries.” This sounded extremely provocative with countries such as India and Japan being represented in the room.

 

Finally, a point also made at the World Energy Congress related to the current lack of investment due to low oil prices.  In this respect Chair Kim felt that the most relevant comment came from Energy Minister Khalid Al-Falih of Saudi Arabia who highlighted that there could be a shortage of oil supply by 2020 if investment did not pick up.

 

Al-Falih said in an interview with CNBC “We know, from what we have seen in the last couple of years, that prices around the current level and below are not attracting enough investment. We know the level of decline, natural decline, that existing production is undergoing, and we know that demand is picking up at, you know, 1.2 to 1.5 million barrels a year.

 

“So between increase in demand and natural decline, we need millions of barrels every year to be brought to the market, which requires massive investment.”

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[The Korea Herald] Daesung chief explores new territory for energy transition

Posted on 21 12 2016

Daesung chief explores new terriotory

for energy transition

 

Younghoon David Kim, chairman of Daesung Group, a South Korean conglomerate specializing in the energy business, has a unique and grand mission in mind: finding individuals like Michael Faraday.

 

Stressing that the world is on the verge of an energy transition, Kim believes the time is ripe for entrepreneurs like him to find the brightest minds to bring about a paradigm shift from a fossil fuel-based economy to one based on new sources of energy. To open a new chapter in human history, the world needs scientists who can unlock the mysteries of nature through passion and creative ideas.

 

“It always fascinates me,” Kim said as he sat down with The Korea Herald for an interview on Dec. 7.

 

Kim was talking about the life of Faraday, the 19th century English scientist who discovered electromagnetic induction accidentally when moving a magnet through a loop of wire. The electromagnetic rotation that Faraday discovered eventually developed into an electric motor, sparking the second industrial revolution.

 

“It was a discovery, not an invention. ... It was how the electricity power business all began and it all started from pure scientists full of passion. We need to find that kind of people now,” he said.

 

 

      

Younghoon David Kim, chairman of Daesung Group (Ahn Hoon/The Korea Herald)

 

 

The search for technological visionaries is taking shape.

 

As the chairman of the World Energy Council, the world’s largest organization on energy, in terms of membership, he plans to create a platform called “Inventor-Investor Encounter” to bring together innovative technologists and investors with true entrepreneurial spirit.

 

“We are going to have a gathering in the next three years to have the brightest minds meet the deepest pockets, so that they can discuss ways to industrialize innovative technologies to fast-forward the energy transition.”

 

In October, Kim was inaugurated as the head of the WEC, a 93-year-old organization which aims to be the “United Nations for energy.” The council represents more than 3,000 members from 93 countries. Kim is the first Korean and second Asian to lead the council.

 

The council will hold the World Energy Congress, known as the Energy Olympics, in Abu Dhabi in the United Arab Emirates in 2019 to address the challenges and opportunities of the ever-evolving industry and the role of technology in the course of historic transition.

 

Fossil fuels may no longer be the dominant energy source in the future, as seen by the increase in renewable energy and the use of electric vehicles.

 

According to recent reports by Royal Dutch Shell and the Organization of the Petroleum Exporting Countries, demand for oil will reach its peak by 2030. But noncombustion energy sources -- wind and solar power -- have problems too. They are not reliable, causing problems of power intermittence, he said.

 

An energy storage system is key to solving such a dilemma. But it costs a lot, and is not able to handle power distribution on a large scale.

 

“This is why we should all go back to the basics. Frameworks on a state level are important, but we will all end up with barriers if we don’t have dedicated people like Faraday who think deeply enough to solve the dilemma we are facing.”

 

The backbone of Kim’s drive for technological transition comes from his own sense of curiosity, strong Christian belief and, perhaps, a thirst for innovation and new possibilities.

 

Kim is the head of a South Korean energy firm that distributes and supplies fuel for residential use, a part of the family business founded by his father Kim Soo-keun.

 

Kim is the third son of the founder and elder brother of Kim Sung-joo, chairwoman of Sungjoo Group and owner of luxury fashion brand MCM.

 

Born in Daegu in 1952, Kim studied law and public administration at Seoul National University and earned a Master of Business Administration and Master of Comparative Law from the University of Michigan Graduate School.

 

In 1983, he went to Harvard to study global economics, but a year later he decided to study theology at Harvard Divinity School.

 

Daesung Group, formerly based in Daegu, grew big in the 1960s when the Korean government encouraged the use of coal to stop people from cutting down trees for fires.

 

With the company making a fortune, Kim’s father was offered to turn to the semiconductor business. But he declined, as he was doing well already. The offer might have gone to late Samsung Group founder Lee Byung-chull, who was then running a flour business in the same city.

 

“I feel sad when thinking about it. It feels like the lost 50 years (for Daesung),” he said.

 

“This is why I acquired Daesung Private Equity Inc. Today, the company is making positive progress in the bio and contents business.” Apart from the energy business, Daesung has been investing in publications, online platforms, fashion and movies.

 

Kim has also been paying a keen interest to lab works that have the possibility of becoming a new paradigm.

 

“I want to explore new territories by taking the road not taken,” he said. “And I am very excited about the possibilities of microbial energy.”

 

When traveling abroad, Kim frequently visits labs around the world, checking out the latest works himself.

 

From robots run by microbial fuel cells fed by organic waste to electrolysis cells that enable microbes to produce methane by feeding them electrons, Kim believes the color of future energy sources will shift from black to blue, from dead organisms to living organisms from the ocean.

 

“I was amazed when I first saw microbial cells generating electricity, like the first moment I learned about Faraday’s discovery of electromagnetic induction,” he said.

 

“He knew that his discovery would make a fortune and may have become a billionaire, like Bill Gates. But he left it open to the public by not seeking patents. If he did (privatize the discovery), the world may not have gone through the technological advancements we enjoy today.”

 

Pursuing public good and the growth of a private business may sound contradictory.

 

But Kim believes there is an intersection between the two.

 

“I want to be remembered as an entrepreneur who had the courage to follow the light at the end of tunnel,” he said.

 

“A proactive visionary like Faraday who dedicated his life for the public good in pursuit of the mystery of the world that God has created.”

 

 

By Cho Chung-un (christory@heraldcorp.com)

 

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World Energy Congress:Securing energy supplies, diversification focal points in global energy...

Posted on 21 10 2016

World Energy Congress: Securing energy supplies, diversification focal points in global energy gathering

 

 

With the participation of 250 ministers and CEOs along with the attendance of key policymakers at the 23rd World Energy Congress, the main focus of the remarks made by the world leaders Monday were on energy supply security and diversification of energy

 

 

The 23rd World Energy Congress has entered its third day of events in Istanbul with the "sharing for peace" motto as world leaders from Russia, Azerbaijan, Venezuela and the Turkish Republic of Northern Cyprus (KKTC) along with Turkey's President Recep Tayyip Erdogan attended on Monday. With the attendance of 250 ministers and CEOs as well as participation of key figures in policy making and 265 speakers from 82 countries in more than 60 meetings, the main focus of the remarks made by the world leaders on Monday have stressed on the energy supply security as well as diversification of energy. As the second day of the congress began with opening remarks by the Co-Chair, Chairman and CEO of World Energy Council, Younghoon David Kim who had also express his thanks to Turkey's President Erdogan for his leadership and personal support for the World Energy Congress event, he also urged the energy sector leaders to embrace new frontiers. Despite the instability and insecurity not only in the region but also throughout the world caused by crises, conflicts and terror, energy remains as major component in global relations. With this respect, the World Energy Congress in which is described as an event of "World's Energy Olympics"by President Erdo?an aims to reach people worldwide with the motto of "share for peace."

 

 "Our goal through the congress is to not only establish platform to exchange ideas regarding energy's vision and scenarios towards future but also to make energy a tool for peace and justice," said President Erdo?an. While the four-day program will address various topics on future visions for the global energy industry as well as opportunities, the final is solely designated on Africa, with sessions exploring critical drivers and innovations working to secure a sustainable energy future for the region under the topic of "Africa: Securing a Sustainable Energy Future." While Turkey has long-lasting relations with the African region not only due to historical and cultural ties but also due to its humanitarian approach within the relations, President Erdo?an also underlined during the congress that Turkey has different approach towards Africa than other countries as he also said, "We [Turkey] aim to revitalize our relations with Central and Northern Africa under the historical and strong humanitarian values." Continuing on by stressing that development, investment and growth cannot be established without securing energy, President Erdo?an further noted that there are 1,1 billion people throughout the world without electricity while 650 million of them are from Sub-Saharan Africa.

 

 President Erdo?an have noted that the country is working on securing its energy demand and diversifying its energy sources. As the Turkish Stream project is designed to transfer Russian natural gas to Europe via the Black Sea and Turkey, President Erdo?an said that work on the Turkish Stream natural gas pipeline project is continuing and development of the second stage of the project will depend on natural gas market conditions in Europe. He further noted that Turkey is seeking ways to implement plans for a third nuclear power plant and aimed to produce 10 percent of its electricity from nuclear power in the years ahead. Stressing that Turkey is to take critical steps by the end of this year and throughout the year of 2017, Erdo?an said,"We establish great investments by the end of this year and in 2017. Thus, we will be closer to becoming a reliable partner in natural gas trade with all countries in our region."

 

 Adding to President Erdo?an's remarks, Russian President Putin said that Russia aims to abide by the Paris Agreement and reduce CO2 emissions to focus on renewable energy. "We are moving toward clean energy and renewable energy resources but we cannot say that gas consumption is going down," he told the audience. In regards to supplying energy to the EU, Putin said, "We have been providing energy to the EU for the past 50 years and we are now working on a second project. We are discussing the Turkish Stream with Erdo?an and our other partners and we want to bring this to fruition." Along with Putin, Azerbaijan President Aliyev vowed to continue Azerbaijan's cooperation in the field of energy with Turkey while stating that investments will reach $20 billion. While reconciliation talks on the divided Cyprus island continue, KKTC President Aknc noted that if a possible United Cyprus Federation were established, energy security and access to energy would see a significant increase worldwide. He also added that such an establishment in Cyprus would also improve bilateral relations and cooperation between Turkey, Greece, Israel and Egypt.

 

 Also speaking at the World Energy Congress in Istanbul, Venezuelan President Nicolas Maduro urged for new mechanisms to be put into place to drive up oil prices saying, "Prices are not sustainable anymore and have fallen to their lowest levels in the last 40 years. ... We are seeing them fall to below the cost of production. Prices must be fairer and more realistic. ...for investment we need fair prices." Turkey's Prime Minister Binali Yldrm also made striking remarks in which he underlined that security and diversification of energy supplies has undoubtedly become an issue of national security: "New actors are coming to the energy sector every day. The global energy community needs to address [this] transformation process accordingly."

 

 The prime minister went on to say,"Countries should make sure that energy prices are not too high. Let's keep prices stable; this is a common expectation," noting that Turkey's economy is growing and becoming more dynamic: "Turkey's demand for energy is nearly three-times higher than the world average, second only to China in terms of increased accessibility to oil in the country."

 

 

 

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[Anadolu Agency Energy News Terminal] World Energy Congress in Istanbul ends with ceremony

Posted on 21 10 2016

World Energy Congress in Istanbul ends with ceremony

 

- World has to look for new technologies to create alternative energies,

new WEC chair Younghoon David Kim says in speech

      

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The 23rd World Energy Congress (WEC), held in Istanbul between 9-13 October, of which Anadolu Agency was the global communication partner for 2016, ended with a closing ceremony on Thursday.

 

Current WEC chair Marie-Jose Nadeau, incoming WEC chair Younghoon David Kim, United Arab Emirates (UAE) Energy Minister Suhail Mohamed Al Mazrouei and Hasan Murat Mercan, Chair of the Organizing Committee gave speeches at the ceremony. It was also announced that the 24th WEC would be held in 2019 in Abu Dhabi, UAE.

 

New WEC chair Younghoon David Kim said the world would have to look for new technologies to create alternative energies in the future and look to balancing energy security, sustainability and affordability at the same time.

 

Kim said it did not look possible to meet energy demands in the near future without fossil fuels and emphasized about 59 percent of global energy mix by 2050 would still consist of them.

 

"We have to search for efficient ways of creating and using fossil fuels as they will still continue to play an important role,” Kim said. “We have to keep on searching for the new generation of sustainable technologies and keep on sharing the spirit of COP21." he said.

 

“Future of energy has to be more innovative”

 

“Environmental issues will play an increasingly important element of future global energy policy,” current WEC president Nadeau said in her welfare speech. “It is a positive development that major hard carbon producers look committed to decreasing their own carbon emissions.”

 

Turkey’s Energy Ministry Undersecretary Fatih Donmez said everyone who had participated in the congress should remember to share for peace and inclusive development.

 

“Please remember Africa, how fragile the planet is, how powerful the forces of technological change are and not to use private jets for grabbing environmental prizes.” he said.

 

UAE Energy Minister Suhail Mohamed Al Mazrouei said he felt sure in the future the world would be a greener place.

 

“The future of energy has to be more innovative to make sure the commitments made by all nations in COP21 are met,” Al Mazrouei said. “But they cannot be met only by governments. The collaboration of the private sector and young generations is also needed,” he said.

 

 

By Sibel Akbay

Anadolu Agency

sibel.akbay@aa.com.tr

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[The Korea Herald] Daesung chief takes over as World Energy chief

Posted on 21 10 2016

Daesung chief takes over as World Energy chief

 

Daesung Group Chairman Younghoon David Kim

 

 

He will represent the council with Jean-Marie Dauger, a former executive vice chair at Engie, who has been appointed as co-chair for the next three years.

 

In his inaugural speech, Kim urged the council members to embrace new frontiers leading future industries.

 

“We are seeing a steady paradigm shift from a carbon-based economy powered by the combustion of fossil fuels to one based on new sources of energy and new modes of power generation,” Kim said.

 

“Now, what this industry sorely needs are visionaries who have the whole picture in their sights. We need to seek out and to support the future Michael Faradays toiling in the labs or workshops from Nairobi to New York.”

 

Before becoming the chairman of the international organization, Kim served for six years as vice chair of the council’s Asia-Pacific and South Asia division from 2005. In 2013, he was elected as co-chair.

 

Established in 1923, the WEC has brought global leaders together to achieve sustainable and affordable energy for all, the company said. It is an UN-accredited energy body and principal impartial network, representing more than 3,000 organizations in 92 countries, it added.

 

By Cho Chung-un (christory@heraldcorp.com)

 

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[Korea Joongang Daily] Daesung`s Kim named chairman of WEC

Posted on 21 10 2016

Daesung’s Kim named chairman of WEC

 

Younghoon David Kim

 

 

Daesung Group Chairman Younghoon David Kim was inaugurated chairman of the World Energy Council (WEC), the United Nations accredited energy body, on Thursday.

 

He is the first Korean to head the council. Founded in 1923, the London-based council represents over 3,000 member organizations in 92 countries. Its aim is to “promote the sustainable supply and use of energy,” the council said.

 

Kim will serve for three years as chairman along with Jean-Marie Dauger, a former Executive Vice-Chair at France-based global energy player Engie, who was elected as co-chair. The co-chair will succeed the chairman after his term.

 

“We are seeing a steady paradigm shift from a carbon-based economy powered by the combustion of fossil fuels to one based on new sources of energy and new modes of power generation,” Kim said in his inaugural speech. “Now, what this industry needs are visionaries who have the whole picture in their sights. We need to seek out and support the future Michael Faradays toiling in the labs or workshops from Nairobi to New York.”

 

The inaugural ceremony was held in Istanbul, where the World Energy Congress, a triennial event held by the council to discuss global energy issues with leaders in the sector, took place.

 

Marking its 23rd iteration, the congress was held from Sunday through Thursday with the participation of 250 speakers including President of the Russian Federation Vladimir Putin and President of Turkey Recep Tayyip Erdogan, as well as leaders of global energy giants such as Bob Dudley, CEO of BP, and Amin Nasser, CEO of Saudi Aramco.

 

The major topic of discussion at the four-day event was how to balance the energy “trilemma” - energy security, energy equity and environmental sustainability.

 

Kim served as co-chair from 2013 until his inauguration Thursday.

 


BY KIM JEE-HEE [kim.jeehee@joongang.co.kr]

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[Petroleum Economist] Planning for the future

Posted on 21 10 2016

Planning for the future

 

 

 

 

After a three-year term as the World Energy Council’s co-Chair, Younghoon David Kim is to take over as Chair until 2019. We caught up with him to get his thoughts on the Council, and where energy markets are changing.

 

What do you see as the most pressing challenges confronting the global energy sector?

 

There is little doubt that the energy sector will change over the coming years because of several disruptive global trends, ranging from climate change to automation and digitisation associated with the Fourth Industrial Revolution, which is also affecting other industries and transforming the global economic landscape. We are seeing a steady paradigm shift from a carbon-based economy based on combustion to one based on new sources of energy and new modes of power generation.

 

Fossil fuels will continue to play an important role. There are estimates that fossil fuels will still generate 75% of global power needs in 2050 because we cannot meet energy demand without them. But we also need to prepare for the future. That means not only developing clean and more efficient ways to produce and use fossil fuels, but also discover and nurture alternative energy sources. The coming decades will define the winners and losers of this energy transition. In the long term, I believe we are embarking on a significant energy revolution that could equal and even surpass the industrial revolution in transforming the world.

 

Within this shifting picture, how important is natural gas as the hallowed "bridge fuel"?

 

I agree that natural gas serves as a "bridging" energy source to a more sustainable economy since it is the cleanest form of fossil fuel. In fact, natural gas is the only fossil fuel whose share of primary energy consumption is expected to grow. It is already the second largest energy source for power generation, accounting for 22% of generated power globally. The use of natural gas to fuel transport from trucks to ships, its role in helping make the switch from coal, and its combination with carbon capture and storage systems makes it an ideal, long-term, cheap and reliable low-carbon energy source.

 

Where does the so-called Energy Trilemma (energy security, social equity and environmental concerns) figure in the WEC's thinking?

 

The World Energy Council has long discussed the concept of the energy trilemma -the best way to balance the sometimes conflicting goals of achieving energy security, delivering affordable energy and reducing carbon emissions. Bringing these contrasting trends into harmony is always difficult, but these challenges have taken on urgency because of climate change. As a result, the global energy sector must tackle many issues in the coming years, including changing the energy supply mix, increasing energy access and affordability, and improving energy efficiency. All of this will contribute to a paradigm shift in the global energy sector.

 

But the energy trilemma can no longer be seen in isolation. It also forms part of a bigger trilemma: the need to balance food, energy and water resources, what the UN has called the FEW nexus to highlight the interdependence of these main building blocks of society. By 2050, global demand for energy will double, while demand for food and water will grow by half. But the UN predicts there could be a 40% shortfall in water in the next decade due to severe droughts caused by climate change. That means less water available to produce food and energy.

 

So the energy transition also involves sustaining the food-energy-water nexus. Decisions on energy supplies must now be related to achieving water and food security as well, particularly in the developing world. So a main goal of the global energy sector should be to promote energy systems designed to harmonise with food and water sustainability goals, while strengthening economies to resist any threatened breakdown in the FEW nexus that could be caused by drastic climate change.

 

What about the social dimension? Do you consider the provision of affordable energy to the world's population as important as ensuring that energy is carbon neutral?

 

Of course, both have equal importance and that is why the solution is to identify the right energy technologies, not only in terms of the energy trilemma, but which also complement food and water security goals.

 

The focus should be on adopting the right technology for the right place at the right price. The guiding principle should be to promote resilient energy technologies to meet local conditions. I believe that the share of renewables as an energy source will continue to grow. Wind and solar power are no longer new tech. Solar panels are mass produced in China and the cost of a megawatt of wind power or solar power is now almost competitive with that produced by fossil fuels in some cases.

 

Low-tech and cost-effective energy solutions can be particularly effective in developing economies and can be as simple as providing clean cooking stoves fueled by eco-friendly briquettes. Greater attention should be paid to reducing electricity generation based on big projects, such as large power plants or giant hydroelectric dams, and delivered instead by small-scale alternatives such as micro-hydro projects or off-grid power solutions such as small gas-fired generators and solar panels, which are proven technologies that work in this environment.

 

The combination of low-cost renewable energy technology with highly efficient appliances and robust battery technology means that grid expansion may no longer be necessary in remote rural areas. This development would also do much to complement food and water security goals to meet local conditions. But we also need to develop grid-scale energy storage systems that can once and for all overcome the conundrum of the intermittency of wind and solar power.

 

You have played a key role in shaping Asia as the world's fastest-growing energy market. What lessons from this can be applied to other global regions?

 

Asia represents an interesting case study of whether we can achieve our goals. Asia holds the global balance of power when it comes to energy and climate change. Strong economic growth in China and India has meant they have tripled CO2 emissions since 1990, although per capita emissions are still much lower than in developed countries. China alone uses twice the amount of energy of Europe, so the potential for greater environmental damage remains. China and India, which together account for 40% of the world's population, will define the new demand centers and they must play a more responsible role in global energy governance.

 

In terms of fossil fuels, the energy market has changed from being a seller's market to a buyer's market. Previously, Western majors and Middle East producers had the initiative in the market, but today Asia has the power in terms of being a major energy consumer.

 

For Asia, the disruption in energy models actually presents a golden opportunity to avoid some of the environmental problems encountered in developed countries.

 

New technology solutions are being rapidly embraced from solar panels and electric batteries to energy storage systems and carbon capture systems. China is emerging as the world's biggest market for electric vehicles as well as the largest producer of solar panels. China, South Korea and Japan have become the leaders in electric batteries and the development of energy storage systems.

 

Since Asia is actively embracing energy storage, electric vehicles and wind and so-lar power, it is becoming a major competitor in the global alternative energy market.

 

What is the role of technical innovation in the energy industry? Is the sector doing enough to incentivise innovation or could more be done?

 

My short answer is that companies must innovate or eventually perish and that should be incentive enough for them to continuously innovate. Energy companies need to reinvent themselves. We are at the threshold of a whole new industrial era being driven by the technological advances for smart cities, connected homes or big data. We are also seeing remarkable progress in the material sciences, artificial intelligence and genetic engineering to name just a few.

 

All of these developments, in one way or another, will have an impact on energy production and consumption in the future. We are already seeing companies outside the energy sector, such as Tesla, Uber and even Google doing things that are impacting our industry.

 

Even though there are many competing energy scenarios for the future, a general consensus is emerging that demands an unrelenting search for a new generation of sustainable technology to tackle climate change and other urgent global challenges.

 

Energy companies must move beyond the era of fossil fuels to keep up with disruptive changes, while offering the hope of increased energy efficiency and reducing the carbon footprint. We are seeing utilities, for example, adapt to new energy models. Southern California Edison has set up an Advanced Technology lab that is focused on energy storage, automation and digital communications to improve the efficiency and reliability of electricity grids powered by a growing share of renewable energy sources.

 

But beyond that, we should also consider frontier energy technologies, which may be the most exciting area of exploration.

 

If you asked an educated European in the 17th century what electricity was, few would have any idea since the concept was virtually unknown. It was not until the beginning of the 19th century after a series of electricity-related discoveries that we begin seeing primitive devices employing and transmitting electricity. And it was only in 1830s when electricity because viable for use in technology after Michael Faraday, one of my personal heroes, created the electric dynamo that solved the problem of generating electric currents in a continuous and practical way.

 

I believe there are other energy technologies out there that few can anticipate, just as few anticipated the existence of electricity four hundred years ago. These technologies range from high-altitude wind power, grid-connected tidal power machinery and power produced from nuclear waste to nanotechnology and even microbial energy research that aims to harness the cell as an energy source. We could one day see a paradigm shift from the exploitation of dead microbes, which are basic material for fossil fuels, to using living microorganisms to generate energy. These concepts may seem far-fetched, but remember that few knew about electricity before Faraday came along.

 

You have been involved the WEC for some years. What is your vision for the Council as you take over its chair?

 

One primary role as WEC chair is to ask questions and provoke a debate about where the global energy industry is heading. More specifically, I think that the WEC should play a critical role in helping develop the next generation of energy leaders. This means that we need to generate among the young generation a passion and devotion for innovation in the energy sector. Electricity was one of the greatest inventions that transformed the world between 1870 and 1940-probably the most economically revolutionary period in human history-and many of its pioneers were self-taught men like Faraday, Nicolas Tesla and Thomas Edison. We need to follow their example to unleash breakthroughs by harnessing the raw talent across all sectors of society.

 

Let me use the example of Michael Faraday, who helped spark the electricity revolution in the 19th century. He came from a very poor family and had almost no formal education. But he was discovered and mentored by the Royal Institution of Great Britain and went to produce a long list of achievements, such as the electric motor and electric generator.

 

The energy industry needs to help increase the pace of innovation, to identify and finance promising investors and commercialise disruptive technologies. We need to seek out and support the future Michael Faradays in our midst.

 

I believe that the World Energy Council can play a role in forging connections between innovators and investors in the energy sector as well as achieving innovative collaboration among the food, energy and water sectors. This is why WEC's Future Energy Leaders program as well as the World Energy Academies sponsored by some of our national member committees are so important in nurturing talent.

 

So I hope that the WEC can find a role to play in bringing them together with forward-looking financiers to help achieve technological breakthroughs, those with the brightest minds and deepest pockets.

 

The World Energy Council is uniquely placed in this regard. We are an international non-governmental organisation that enjoys the support of the private sector, bridging the divide between the thinkers and the doers. Close cooperation between inventors and investors will spark collaborative innovation and accelerate the global energy transition toward climate change-resilient energy systems.

 

What do you hope to achieve at the WEC Congress in Istanbul?

 

I hope to use the opportunity to urge my colleagues to reach out to the technology and financial communities as well as the food and water sectors so we can tackle together the looming challenges in terms of energy and climate change. I look forward to the support of the incoming co-Chair Jean-Marie Dauger and Secretary-General Christoph Frei in this regard. I think that the WEC can play a vital role in this process by creating a vision and a roadmap to advance the global energy sector and I want to emphasise the importance of this to the delegates.

 

Produced in association with WEC

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[Nikkei] Younghoon David Kim -- Asia must push the boundaries of energy frontiers

Posted on 28 09 2016

Younghoon David Kim -

Asia must push the boundaries of energy frontiers

 

 

 

 

Asia holds the balance of power when it comes to energy and climate change.

 

Global CO2 emissions, the main of cause of global warming, have increased by more than 50% since 1990. For that, Asia must share part of the blame. While emissions have actually fallen by 20% in Europe over the past 25 years, strong economic growth in China and India has resulted in a tripling of their CO2 emissions. At the same time, the disruption in energy models around the world actually represents a golden opportunity for Asia to avoid some of the environmental problems encountered in developed countries.

 

China alone consumes twice the amount of energy as Europe and the potential for greater environmental damage from Asia is rising as energy demand continues to grow in the region's efforts to lift populations out of poverty. While per capita CO2 emissions are significantly higher in developed countries at nearly 16 tons annually, they are only 6 tons in China and 2 tons in India.

 

China and India, which together account for 40% of the world's population, are emerging as the new global energy demand centers and they, along with other Asian countries, must play a more responsible role in global energy governance. In the next generation, there will be one billion more people worldwide and a large share of them will be more urban and affluent. One billion more vehicles will clog the roads. Yet one billion people today, including many in Asia, are being left behind because they have no access to modern energy.

 

Whether the world can achieve its goal to prevent average global temperatures from rising above 2 degrees Celsius of pre-industrial levels, as agreed at the Paris climate change summit last December, will most certainly depend on what Asia does.

 

Energy trilemma

 

Asia is confronting what one could call the World Energy Council calls an "energy trilemma," the need to balance the conflicting goals of energy security, affordable energy and sustainable energy. For example, China and India have large reserves of coal (energy security) which enables them to produce cheap electricity (affordable energy), but the burning of coal significantly increases carbon emissions. Both countries could turn to nuclear power to reduce carbon emissions, but at the cost of making energy less affordable in some cases. Bringing these contrasting trends into harmony is always difficult.

 

But energy cannot be seen in isolation. It also forms part of a bigger trilemma: the need to balance food, energy and water resources, underscoring what the UN has called the FEW "nexus" to highlight the interdependence of these main building blocks of society. By 2050, global demand for energy will double, while demand for food and water will grow by half. But the United Nations predicts there could be a 40% shortfall in water in the next decade due to severe droughts caused by climate change. That means less water available to produce food and energy.

 

For governments as well as all relevant sectors of society, decisions on energy supplies must now be related to achieving water and food security. One interesting regional example in this regard is the proposed construction of dams along several major Southeast Asian rivers. Planned dam projects along the Mekong River in Laos and the surrounding area, for example, would appear to solve the energy trilemma for this underdeveloped region. Hydropower appears to tick all the boxes when it comes to energy security, affordability and sustainability. The only problem in this case is that the dams threaten fish stocks and rice yields downstream in Cambodia and Vietnam.

 

So what can be done in dealing with Asia's energy challenges?

 

 

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Renewable energy needs advanced technology for breakthrough: WEC co-chair

Posted on 25 05 2016

 

 

SEOUL, May 24 (Xinhua) -- Global renewable energy industry needs an advanced technology for breakthrough in providing a more reliable, sustainable energy source for the world, co-chair of the World Energy Council (WEC) said Tuesday.

 

WEC Co-Chair Younghoon David Kim told a meeting with foreign correspondents in Seoul that solar and wind powers could be the most acceptable option of renewable energy in consideration of its "sustainability". Solar and wind powers emit no greenhouse gas, helping the world tackle climate change.

 

Kim, however, pointed out their "reliability" problem as solar and wind powers have yet to secure an energy storage technology advanced enough to accommodate factories and plants in an industrial scale. The present technology can only serve automobile batteries.

 

Solar and wind powers are clean and sustainable, but they are not a reliable energy source because provisions can be stopped depending on weather conditions. To overcome the intermittence problem, technology on energy storage should be advanced enough to cover the intermittent halt, the co-chair said.

 

Kim is scheduled to take office as WEC chair at the upcoming World Energy Congress that will be held in October in Istanbul, Turkey. The 23rd triennial congress will come under the theme of "Embracing New Frontiers", expecting to attract about 10,000 delegates from about 120 countries.

 

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World Energy Council Co-Chair plays host to international media round-table

Posted on 24 05 2016

 

In anticipation of the 23rd World Energy Congress in Istanbul, current Council Co-chair Younghoon David Kim hosted a media round-table in Seoul with senior foreign correspondents on 24 May.

 

Participants including journalists from Platts, New York Times, The Wall Street Journal, Financial Times, Nikkei (Japan), Xinhua (China) and Cihan News Agency (Turkey), joined Co-chair Kim for an intensive two-hour session which covered topics ranging from the Council’s role in the grand transition of the energy sector to details about this year’s Congress.

 

Great interest was placed on the various speakers attending and sessions to be held in Istanbul including a day which will be centred on Africa, sessions devoted to a better understanding of the complex interrelationships between energy, food and water and the role that governments should play, as well as innovative technology.

 

Co-chair Kim was asked to comment on the security challenges hosting Congress in Istanbul might bring. He stated that the organising committee had a robust security plan in place and that the city was continuing to host a variety of important international events.

 

The journalists from China debated the impact of the current lack of investment in infrastructure would mean for future energy security. Picking up on that point, Platts was interested in knowing whether or not low oil prices could instead constitute a breakthrough for the energy community. The Wall Street Journal questioned whether or not battery storage would revolutionise the transportation sector and if oil would ever reach the $150+/barrel mark again.

 

Renewable energy was also a topic of great interest during the round-table with the New York Times speculating which of the renewable energy sources currently available was the most promising, while Nikkei enquired how the whole issue of renewable energy was to be addressed at Congress.

 

Finally, there was discussion among the participants on how the COP 21 agreement (505.79 kB)would impact the energy sector. Specifically, would the agreement help to accelerate the energy transition and what impact would it have on energy market design?

 

The intense discussions that took place at the media round table were indicative of the topics currently high on the energy agenda, which should make the 23rd World Energy Congress the subject of much global media interest.

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Technology is the Future of Energy

Posted on 18 04 2016

 

The World Energy Council’s Co-chair Younghoon David Kim delivered a keynote speech at the 2016 DongA New Energy Innovation Conference in February in Seoul hosted by one of Korea’s most respected major dailies, The DongA Ilbo. 

 

The speech, entitled “Technology is the Future of Energy,” covered recent discussions Co-chair Kim that had in Davos where this year’s theme focused on the “4th Industrial Revolution.” Co-chair Kim also talked about the Trilemma and the Council’s ongoing food-energy-water nexus early findings in relation to this revolution.  

 

Other speakers at the event included the Korean Minister of Trade, Industry and Energy, Joo Hyunghwan, and the Council’s Honorary Chair, Pierre Gadonneix, who gave a special lecture entitled “The Change of Future Energy Paradigm”.

 

 

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Deepened cooperation with China`s National Energy Administration

Posted on 28 01 2016

 

Younghoon David Kim, Co-Chair of the World Energy Council met with Nur Bekri, Administrator of the National Energy Administration (NEA) and Vice-Chair of the National Development and Reform Commission of China at the NEA headquarters in Beijing earlier this month. Both parties agreed to deepen cooperation between China and the World Energy Council and discussed China’s representation at the forthcoming World Energy Congress in Istanbul.

 

Co-Chair Kim noted the significance of China’s One Belt One Road project in building capacity for Asia’s infrastructure. Nur Berkri, who is the World Energy Council Vice Chair for the Asia region, noted that the energy sector is core to the project and highlighted that the World Energy Council’s contributions to its success would be highly appreciated.

 

The 2016 World Energy Issues Monitor report will be launched in Beijing in March. The annual World Energy Issues Monitor provides a graphical snapshot of issues keeping policymakers, CEOs and leading energy experts in over 90 countries awake at night. It seeks to promote an understanding of the world energy agenda and the evolution of priorities on a historical and geographical basis.

 

The 2016 report promises to make an interesting reading as it will be a key moment to assess the impact of the oil price shock, the adoption of energy as a Sustainable Development Goal and the culmination of a global climate agreement at COP21.

 

 

 

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Seoul Energy Symposium calls for faster energy alliance progress

Posted on 16 12 2015

 

                   

 

At the World Energy Council International Energy Symposium in Korea, where around 170 energy leaders from government, public authorities, research institutions and the industry met, there was a call to move forward the establishment of an alliance of expertise to meet the objectives of the Eurasian Energy Integration project.

 

The ultimate need for establishing an integrated energy market in Eurasia region has long been recognised by energy leaders and policy makers. Eurasia is home to resource-rich countries that are highly dependent on energy exports as well as major energy-consuming nations that are heavily reliant on energy imports.

 

Speakers from Korea, China, Russia, Europe and Japan addressed the Symposium with the vision and policy of their governments and industry in developing a Eurasian Energy Network. Among the many speakers were Chung, Yang-Ho, Deputy Minister for Energy and Resources of Ministry of Trade, Republic of Korea and Younghoon David Kim, Co-Chair World Energy Council Co-Chair, whose talks included the role of the Energy Trilemma in achieving Eurasian objectives.

 

Commenting on the Eurasian Energy Integration project, Chung, Yang-Ho, Deputy Minister for Energy and Resources of Ministry of Trade, Republic of Korea said that significant movement in global energy cooperation is required to break down barriers between energy consuming countries and energy producing countries in Eurasia region and ultimately to balance the World Energy Council’s Energy Trilemma.

 

Chung, Yang-Ho said, “We have to develop projects that are aimed at exploiting oil and gas resources of East Siberia led by a multilateral cooperation mechanism and create an environment to establish a cross-border energy infrastructure that includes a gas and oil pipeline and electrical grid.”

 

Younghoon David Kim, Co-Chair of the World Energy Council went on to emphasise the importance of leveraging innovative technological breakthroughs led by Northeast Asia as a core solution to overcome the challenges of the Energy Trilemma.

 

Younghoon said: “With the leadership in fields such as Energy Storage Systems from North East Asia and the rich hydrocarbon and renewable energy resources of the region, I know that Eurasia can stand at the forefront as a solution provider to overcome the Energy Trilemma throughout the world.”

 

Moderator Professor Yang Hoon Son showed regret about the absence of a specific action plan, despite the long continued debate about East Asian energy industry cooperation.  He said: “I feel regretful since despite that most of the world’s industrialised regions are well cooperated in terms of energy, the East Asian region still does not have a concrete plan after 20 years of consideration.”

 

Park, Joo Heon, President of Korea Energy Economics Institution, explained that Korea can perform critical roles in the implementation of the Eurasia Initiative in both geopolitical and geo-economic aspects as it is located at a gateway that connects Eurasia and the Pacific.

 

He said, “Korea will enhance connectivity, which is a key factor in Eurasian cooperation, thus performing outstanding roles in expediting and facilitating cooperation in Eurasia.”

 

 

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The Changing World Gas Industry

Posted on 26 11 2015

 

Speaking at the Asia-Pacific Gas Conference inaugural event in South Korea, Younghoon David Kim, Co-Chair of the World Energy Council, said that whilst the South Korean gas industry has a relatively short history of 30 years, it now stands near the level of developed countries.

 

 

He went on to talk about how the issues facing South Korea in many ways mirror what the gas industry as a whole is facing across the globe and described some possible solutions. He said: “In Asia most natural gas is imported as LNG, and the price is indexed to crude oil on a long-term, contractual basis. The Asia-Pacific market accounts for three-quarters of global LNG trade and one-third of global natural gas trade.

 

 

“The extended slump in oil prices has caused LNG prices to dive and experts forecast that prices will remain low for many reasons: the slowdown of Asian economies -the largest consumers of LNG, declining European demand and the planned supply of US LNG to Europe.

 

 

“Excess investment has caused over-supply. This combined with declining demand and falling prices has led to global delays on final investment decisions regarding gas-related projects as their long-term viability is now being questioned in what has become a buyers’ market. Final investment decisions are delayed, not only in the case of E&P projects, but also in liquefaction capacity build-up.

 

 

“Specifically, for South Korea, in comparison to 2014 we have seen an approximate 8% decrease in gas consumption as a result of South Korea’s economic downturn. Also, the lack of new customers due to an almost complete saturation of the domestic gas market is another contributory factor.”

 

 

Younghoon David Kim also went on to showcase our newly launched Global Gas Centre, which the World Energy Council hosts, and explained how the group is focused on understanding the interplay between the gas sector and wider energy sectors. He said: “The gas industry is a driving force in the global economy and collaboration is needed on new energy infrastructure projects and in the development of new technologies where gas can play an important role.”

 

 

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Manila World Energy Leaders`s Summit Share Views

Posted on 22 07 2015

 

 

 

The Manila World Energy Leaders’ Summit, WELS, was a resounding success – it brought together energy leaders in an informal context to discuss critical issues and to connect the dots in a time of unprecendented uncertainty in the global energy sector.

 

Christoph Frei, Secretary General, World Energy Council, said: “Over the two days, the WELS Summit proved to be an invaluable opportunity to share different views on current challenges in the energy world, and confront views in order to tackle issues in a regionally integrated manner.”

 

Discussions reconfirmed that regional integration is of critical importance to Asia, with trust clearly at the heart of the discussions. Another topic was the design of urban centres to counter pressure from transport and demography where it was agreed that the issue is largely a question of financing infrastructure, with cities key to generating demand.

 

Christoph Frei went on to say: “Regional LNG markets face incredible changes from new markets and financing resilient energy infrastructure from extreme weather events keeps private sector and policy leaders awake at night.

 

“It is clear that working together on these momentous issues contributes to overcoming the energy policy Trilemma, and we will continue to make these issues a focus of our further-going Scenarios, Trilemma and Resources studies.”

 

The Summit, which took place at the Asia Clean Energy Forum, was co-hosted by the Asian Development Bank at their Headquarters in Manila, was attended by more than 50 delegates from over 30 countries, included six government ministers and senior officials in attendance from Hong Kong, Indonesia, Nepal, the Philippines and China. The World Energy Council was once again please to be a co-organiser of the Asia Clean Energy Forum, which was addressed by our Co-Chair, Younghoon David Kim, our Secretary General, Christoph Frei and fellow World Energy Council leaders and members.

 

 

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World Energy Council strengthens involvement with Water for Energy Framework

Posted on 12 06 2015

 

The World Energy Council is strengthening its involvement with the Water for Energy Framework (W4EF) which was established to develop a common framework for the evaluation and reporting of the energy impacts on water.

 

Speaking at the 7th World Water Forum in Korea, Younghoon David Kim, Co – Chair of the World Energy Council, said:  “I am delighted to say that for the second phase of the W4EF project, we will be taking a leading role alongside EDF who is also a key partner.

 

“As the supply of water becomes an increasing challenge for everyone in the 21st century, it is essential that there is a strong working relationship between the energy and water sectors, both in the public and private sectors and globally as well as regionally.”

 

Water for Energy Framework aims to develop a comprehensive approach to the water footprint of energy production. It will allow differentiating between water withdrawal, water consumption and net water consumption, and calculating different kinds of interactions between the activity and its water environment.  After agreement on the framework and its validation, a tool will be developed to help implement the methodology in a consistent way and ensure wide dissemination globally.

 

Younghoon David Kim went on to say: “The World Energy Council will be encouraging companies to implement and apply the best methodologies to meet the water challenges of the future.  We  look forward to sharing the results of Phase 2 at the 8th World Water Forum in Brazil in 2018.”

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WEC announces winners of "Tomorrow`s Energy Prize" for the 2013 World Energy Congress

Posted on 02 08 2013

 

SEOUL/LONDON, July 31, 2013 — The World Energy Council today announced the winners of the “Tomorrow’s Energy Prize” for the most outstanding papers to be presented at the 2013 World Energy Congress in Daegu, South Korea from October 13 to 17, 2013.

 

It is the first time that this prize, which carries an award of US$10,000 for each winning paper, has been presented in association with the World Energy Congress.  It is being sponsored by the Daesung Group, a leading Korean energy company.

 

This year’s jury of judges included leading representatives from the World Energy Council, the Organizing Committee of the World Energy Congress, and the Daesung Group. A total of 346 papers from 49 countries were submitted on topics related to the Congress theme of “Securing Tomorrow’s Energy Today”.

 

The four category prize winners, hailing from Russia, Thailand, Mexico and China, are:

  • Exploring World Energy Scenarios: Dr Tatiana Mitrova, Head of the Oil and Gas Department at the Energy Research Center of the Russian Academy of Science. Paper topic: “The Global Outlook Until 2040: The Potential Impact of the Shale Oil and Gas Technological Breakthrough on the Liquid Fuel and Gas Markets”.
  • Assessing the Energy Trilemma: Ms Supanida Wongsomboon, Senior Accountant, Electricity Generating Authority of Thailand. Paper title: “EGAT 07: The Impact of Renewable Energy on Electricity Tariffs”.
  • Improving Energy Access: Mr Omar Ramirez, Head of Business Development, Arteche Mexico. Paper title: “New Single Phase Substations as a Real Option for Rural Electrification”.
  • Promoting Energy and Urban Innovation: Ms Rui Zhang,Chief Engineer, Shanghai Solar Energy Research Center. Paper title: “Study on Thermal Performance of Photovoltaic Glass Curtain Walls”.

 

In addition, prizes worth US$2,500 each are being awarded to seven papers that were deemed to have special merit on the following topics:

  • Exploring World Energy Scenarios: Dr Andreas Wiese, Executive Director, Lahmeyer International. Paper title: “The German Energiewende: A Model for Other Countries?”
  • Surveying World Energy Resources and Technology: Dr Nicolas Vortmeyer, Head of the Technology Development Lab,  Siemens.  Paper topic: “Post-combustion Carbon Capture – Leading Mature Technology for Decarbonization of Fossil Power Generation”.
  • Surveying World Energy Resources and Technology: Ms Noelia Chimale, Professor, Instituto Technologico de Buenos Aires. Paper topic: “Shale Gas Development in Argentina: A Change to the Traditional ENP Business Strategy”.
  • Surveying World Energy Resources and Technology: Mr Jair Maues, Consultant, Petrobras. Paper topic: “Harvesting Bioelectricity Production in Brazil”.
  • Surveying World Energy Resources and Technology: Dr Seo In-yong, General Manager, KEPCO. Paper topic: “Financial Impacts of Energy Efficiency Resource Standards on the Korean National Electricity Market”.
  • Assessing the Energy Trilemma: Mr Norihisa Sakurai, Senior Economist, CRIEPI.  Paper topic: “Socio-economic Impacts of the Nuclear Power Plant Shutdown in Japan: Simulation Analysis with the CRIEPI Econometric Models”.
  • Improving Energy Access: Mr Yusuf Mohammad Ganda, Assistant Chief Technical Officer, Sokoto Energy Research Centre, Usmanu Danfodio University.  Paper topic: “The Role of Renewable Energy for Energy Access in Nigeria”.

 

In addition, a total of 155 paper authors have been invited to attend the Congress and present their papers at the Expert Forum session. The prize winners will receive their awards from Younghoon David Kim, Chairman of the Daesung Group and Co-chair of both the Congress Organizing Committee and the World Energy Council, at the Congress closing ceremony on October 17.

 

David Kim commented:  “I’m delighted to see that the inauguration of the Tomorrow’s Energy Prize has attracted such a broad range of insightful papers from around the world. The global response has been heartening and picking the winners was a difficult process. It is noteworthy that nearly 60 per cent of the papers were submitted from Asia, including many from China, which underscores the reach and importance of the World Energy Council. I look forward to seeing the Tomorrow’s Energy Prize becoming a respected global award that highlights the best in energy research and analysis.”

 

Christoph Frei, Secretary General of the World Energy Council, added:  “These excellent papers provide a very timely insight into some of the most pressing energy issues facing the world.  They also underline the very considerable talent within our industry, providing us with a strong platform from which to identify new, innovative and sustainable means of securing our energy future.  I’m looking forward to engaging with these thought leaders when they present their findings to the Congress in October.”

 

The World Energy Congress takes place over 13–17 October 2013 at the EXCO Exhibition & Convention Center in Daegu, South Korea.

 

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World Energy Council launches "Tomorrow`s Energy Prize"

Posted on 17 01 2013

 

 

US$60,000 to be awarded to the best papers in six categories

Leading experts invited to submit on future of energy

 

 

SEOUL- LONDON, January 17, 2013 – The World Energy Council today officially launched the “Tomorrow’s Energy Prize”, a US$60,000 competition to recognise the most outstanding papers submitted to the World Energy Congress, which takes place in Daegu, Korea, from 13 to 17 October 2013.

 

Submissions are invited from global experts in their respective fields. The prize covers six categories under the World Energy Congress’ 2013 theme: “Securing Tomorrow’s Energy Today”. The Daegu 2013 Organizing Committee encourages authors to provide their insights on a topic relating to any one of the World Energy Council’s six main activity areas:

 

  • Exploring World Energy Scenarios
  • Surveying World Energy Resources and Technologies
  • Assessing the Energy Trilemma:  The trade-offs between energy security, social equity and environmental impact
  • Improving Energy Access: the food, energy and water connection
  • Promoting Energy and Urban Innovation
  • Shaping Global Energy Frameworks and Governance

The winning paper in each category will receive US$10,000.

 

Younghoon David Kim, Acting Chair of the Daegu 2013 Organizing Committee and Chairman of Daesung Group, which is sponsoring the prize, commented: 

 

“Having already secured a significant group of high-level speakers for next October, I am confident that the Tomorrow’s Energy Prize will encourage equally outstanding submissions from across the energy sector – suppliers, infrastructure providers, academia and researchers, to name but a few.” 

 

Christoph Frei, Secretary General of the World Energy Council, added: 

 

“More than ever, we need innovative thinking to tackle our global energy challenges. Therefore I am delighted that, for the first time, we are able to offer significant funds to reward the very best insights to be showcased at the World Energy Congress, the preeminent event of the energy sector.  I am grateful to Younghoon David Kim for his support in making this prestigious prize possible.” 

 

The selection process will comprise two rounds. The first will see 150 papers shortlisted by 15 June.  The second will see the selected papers presented to a judging panel. The winning papers will be announced on 15 July.

 

In expectation of more papers being submitted in response to the announcement of the prize, the submission deadline has been extended to 31 March.  The awards for the winning papers will be presented during the Congress. It is left to the discretion of the judging committee to determine whether an award should be given in each category based on the quality of the submissions. If no paper is considered award-winning in one category, the $10,000 prize will be transferred to another category paper deemed more worthy for recognition.

 

All papers must be original works and should not be under review for similar events or for journals. The works should be written in English and not exceed 15 pages.

 

Further information for potential authors can be found at the official Congress website www.daegu2013.kr. Direct enquiries can be made to Mr Yonghyuk Choi at yong@daegu2013.kr (988.00 B).

 

The World Energy Congress is held every three years under the auspices of the World Energy Council, which consists of 93 national committees representing more than 3,000 member organizations including governments, industry, professional institutions and associations, and non-profit groups.

 

This year’s Congress will be only the second to be held in East Asia in the event’s 90-year history. Delegates from across the global energy and related sectors are expected to include government ministers, heads of state and current and future industry leaders from both developed and developing nations. The event is being hosted by the World Energy Council and the WEC Daegu 2013 Organizing Committee, which represents the World Energy Council’s Korean members.

 

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WEC selects historic leadership

Posted on 08 11 2012

The World Energy Council has selected new leadership

following elections at the Executive Assembly 2012.

                                        [Marie-José Nadeau]                                                        [Younghoon David Kim]

 

Marie-José Nadeau, from Canada, has been chosen as Chair-elect and will take the helm as Chair when the term of the current Chairman Pierre Gadonneix ends at the 2013 World Energy Congress in October.  She will become the first woman to head the WEC in its 89-year history.

 

Younghoon David Kim, from South Korea, was selected Co-Chair-elect and will take on this position at the end of the 2013 Congress.  Both will serve a three-year term until 2016, at which time Mr Kim will become Chair.

 

This is the first time the WEC has elected both a Chair and a Co-Chair. The plan is aimed to allow for greater organisational continuity and more resources to represent the WEC globally, greater consistency in the leadership, more inclusiveness of several regions and professional backgrounds, as well as more diverse leadership.

 

Mrs Nadeau and Mr Kim have both been actively involved in the WEC for many years.  Mrs Nadeau has served on the Officers’ Council since 2006; chaired the Communications and Outreach Committee since it was established in 2004; led the organising team of the 2010 World Energy Congress in Montreal; and is a member of the WEC Finance Committee.  Mr Kim served as WEC Vice Chair for Asia Pacific and South Asia from 2005 to 2011, spearheaded the successful bid by Daegu, South Korea, to host WEC’s 2013 World Energy Congress, and currently serves as a Vice Chair on the 2013 Congress Organising Committee.

 

Two new WEC officers were also approved by member committees at the Executive Committee:

 

Dr Leonhard Birnbaum has become Vice Chair for Europe and will serve a three-year term until 2015.  Dr Birnbaum, from Germany, is Chief Commercial Officer at RWE, the European electricity and gas utility.

 

Dr Taha Mohammed Zatari was elected Vice Chair with Special Responsibility for the Middle East and Gulf States for a three-year term from 2012 to 2015. Dr Zatari is Director General of Saudi Arabia’s Environmental Standards General Directorate and Senior Consultant of the country’s national authority for the Clean Development Mechanism.

 

The Executive Assembly also selected the following Standing Committee Chairs-elect. They will serve a year in this capacity and will take up their duties officially from the 2013 World Energy Congress in October.

 

Mr Jean-Marie Dauger, from France, has been elected Chair of the Communications and Outreach Committee.  He has been a member of the WEC Programme Committee and is currently Executive Vice-President of GDF Suez.  Mr José da Costa Carvalho Neto, Chairman of the Brazilian utility Eletrobras, will come in to chair the Programme Committee.  Brian Statham, from South Africa has been re-elected for a second term as Studies Committee Chair.

 

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World Energy Congress roundtable in Abu Dhabi discusses major global priorities

Posted on 08 11 2012

 

 

Senior energy representatives from the global and regional energy sectors debate the “energy trilemma” and prospects for Daegu 2013

 

ABU DHABI, 18 September 2012 – World Energy Council (WEC) Chairman Pierre Gadonneix and the Daegu 2013 Organising Committee Executive Vice-Chairman Younghoon David Kim today convened a roundtable as part of WEC’s Energy Trilemma forum in Abu Dhabi.

 

The roundtable discussed the three dimensions of the “energy trilemma”: security, access and affordability and environmental impact. These areas will underpin the “Securing Tomorrow’s Energy Today” theme of the upcoming World Energy Congress, taking place in Daegu, South Korea, in October 2013.

 

Among the headline themes at the roundtable were the steps required to secure the supply of energy to a rapidly increasing population with growing energy needs.  The combination of energy technologies was at the heart of the discussion, balancing fluctuating demands in oil, coal and nuclear, together with the expanding gas market and an ever increasing focus on low carbon options.

 

Masdar CEO Dr Sultan Ahmed Al Jaber, a confirmed speaker at Daegu 2013, welcomed WEC officials on a tour of Masdar City and visit to Masdar headquarters.

 

Pierre Gadonneix, Chairman of the World Energy Council, commented: “The world is now facing a crucial need for renewed governance at both national and international levels if we are to address the world’s energy security. The Congress will not only gather experts from across the energy spectrum, it will also convene leaders from across the globe to put into action the strategies for a more secure, accessible and environmentally sustainable energy supply.”

 

Commenting on WEC’s visit to the Abu Dhabi, Dr Sultan Ahmed Al Jaber, CEO of Masdar, said: “I am delighted to welcome the World Energy Council and the World Energy Congress Organising Committee to Abu Dhabi and Masdar. The Middle East’s energy market is quickly evolving with several nations exploring alternative energy sources—including renewable and peaceful nuclear energy—to strengthen their economies and meet their growing energy demands. We look forward to addressing the region’s role in advancing clean energy deployment and its path towards a diversified energy mix   with the wider industry at Daegu 2013”.

 

Younghoon David Kim, Executive Vice-Chairman, World Energy Congress Daegu 2013 Organizing Committee and Chairman and CEO of the Daesung Group, said: “The global remit of the Congress calls for cooperation on a truly global scale. Korea and Asia’s growing links with the energy market in the Middle East have already been cemented with this visit and we hope to continue dialogue on the role of both regions on the world energy stage.”

 

The World Energy Congress is the energy sector’s premier international event, held every three years under the auspices of the World Energy Council, which consists of 93 national committees representing more than 3,000 member organizations including governments, industry, professional institutions and associations, and non-profit groups.

 

Next year’s event will be only the second World Energy Congress to be held in East Asia in the event’s 90-year history.  Delegates from across the global energy and related sectors are expected to include government ministers, heads of state and the industry leaders of today and tomorrow from both developed and developing nations.  The event is being run by the World Energy Council and the Daegu 2013 Organizing Committee, drawn from its Korean membership.

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Candidates for World Energy Council Chair

Posted on 01 04 2012

 

              

 

Two candidates are running for the position of Chair of the World Energy Council: Marie-Jose Nadeau (Canada) and Younghoon David Kim (Korea (Rep.)).

 

Marie-José Nadeau is the Chair of the World Energy Council’s Communications and Outreach Committee. She also holds the position of Executive Vice President – Corporate Affairs and Secretary General for Hydro-Québec. In this capacity, she is in charge of strategic planning, legal affairs, communications and public affairs, government and institutional affairs, industrial security as well as environment.

 

Younghoon David Kim was previously World Energy Council Vice Chair for Asia Pacific and South Asia, which entitled him to become an Honorary Officer. He has been Chairman and CEO of the Daesung Group since 2000. Before holding the post of Chairman and CEO, Chairman Kim held the offices of Vice President and then President at Daesung. He has worked in the energy sector for over 20 years.

 

The election will take place during the WEC Executive Assembly in Monaco, 5-8 November 2012. The person elected, who will succeed current WEC Chair, Pierre Gadonneix, will serve a year as WEC Chair-elect before being officially seated at the end of the World Energy Congress in Daegu, October 2013.

 

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