1 WEC Inside November 2014

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2014 Executive Assembly put spotlight on regional integration

President Juan Manuel Santos of Colombia spoke about the energy trilemma

The World Energy Council’s Executive Assembly concluded last month (20–24 October) in Cartagena, Colombia with broad support from WEC members and the more than 700 attending representatives from governments and the private sector.

The World Energy Leaders’ Summit (23 October) within the Assembly provided a platform for the public and private sectors to carry out dialogue based around the framework of the energy trilemma: energy security, energy access, and environmental sustainability.

World Energy Council Chair Marie-José Nadeau opened the Summit emphasising the importance of regional integration in the agenda.

“In all regions, be it Latin America, North America, Europe or Asia, efficient energy flows are the key to both security and increased prosperity,” she said.

Recognising that energy production and use is “the biggest single cause of the rise in greenhouse gases”, she urged fast-growing economies to “grab the opportunities offered by new technologies”.

Christiana Figueres, Executive Secretary of the UNFCCC, told delegates in a video message: “The interlinked challenge of energy, economic growth, and environmentally sound development has never been more clear, and the benefits of rising to

meet this challenge have never been better.”

She implored the attending government ministers and business leaders to “support the new universal climate change agreement” which is hoped to emerge at the 2015 COP Paris climate conference.

UNFCCC’s Christiana Figueres urged ministers to support a universal climate change agreement

President Juan Manuel Santos of Colombia spoke at the Summit on 23 October accompanied by Vice President German Vargas Lleras and the Minister of Mines and Energy, Tomás González.

Commenting on Colombia’s improved position in the upcoming Energy Trilemma Index, President Santos said that Colombia considers the energy trilemma “a very valuable roadmap for us to continue strengthening our energy sector.”

In the 2014 Energy Trilemma Index – to be revealed in full on 24 November – Colombia advances 8 places globally, moving to 16th place among 129 countries in terms of the sustainability of its energy system.

“We feel very proud that an institution as important as the World Energy Council should say in its annual report that Colombia is a country that has ‘demonstrated what can be achieved thanks to well-conceived and well-executed policies’,” the President said.

At the Summit the President also laid out the challenges for the

Colombian sector to 2018, but reiterated that “guaranteeing energy sustainability is a shared task” among nations.

Providing people with access to energy – to enable development and livelihoods – is why it is important for governments to be working side by side with the energy sector, he added.

More than 700 delegates from nearly 70 countries attended discussions on energy integration, resource diversification, and decentralised energy for Latin America and beyond.

The speakers included 20 ministers and government officials (from Algeria, Belize, Bolivia, Colombia, Dominican Republic, Ecuador, Ethiopia, Guatemala, Honduras, Iran, Mexico, Peru, Russia, Trinidad and Tobago, UAE, Uruguay, and USA) plus chief executives and heads of international organisations.

Ministers and WEC leaders at the Latin American ministerial meeting

On 24 October, ministers from Latin America took part in a private roundtable to hold talks over regional integration of the sector (see news release, in Spanish). The Colombian Minister of Mines and Energy, Tomás González, moderated the roundtable discussion which marked the start of negotiations between Bolivia and Peru over interconnecting the gas pipelines of the two countries.

Minister González commented on

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November 2014