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Energy Transition European and Japanese Perspectives. Philip Lowe. Energy. Japan and Europe have much in common. high dependency on energy imports facing growing competition on energy markets high energy prices
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Energy Transition European and Japanese Perspectives Philip Lowe Energy
Japan and Europe have much in common • high dependency on energy imports • facing growing competition on energy markets • high energy prices • in process of transforming the energy system (energy efficiency, low carbon generation etc.) • sensitive population as regards environmental issues
Import dependency EU, Japan • Second level • Third level • - Fourth level (source OECD2012, IEA)
Key challenges for EU energy policy • Increasing global energy demand (China and India) • Volatile and relatively high energy prices • Ageing energy infrastructures • Climate change • Uncertainty of nuclear future (at least in some countries)
Low Carbon Economy Roadmap 2050 Power sector decarbonised by 2050 5
Energy expenditure in 2035 compared with 2010 (source WEO 2012, IEA)
With a functioning single market, we can better integrate renewables
180 € private 160 € public 140 € 120 € 100 € 80 € 60 € 40 € 20 € 0 € Japan S-Korea EU USA Russla European R&D for energy (in 2007 in € p. inhabitant) 83% 83 % 75% 75% 55% 55% 70% 70% 32% 32 % Europe spends on average € 20 per inhabitant for R&D investments for energy with more than half of it steming from the private sector (55%).
The EU's nuclear (safety) policy – latest developments • Stress tests concluded • Next steps: national action plans, peer review, Commission report • Work on nuclear policy continues, e.g. proposal on liability