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Energy Transition European and Japanese Perspectives

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

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  1. Energy Transition European and Japanese Perspectives Philip Lowe Energy

  2. 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

  3. Import dependency EU, Japan • Second level • Third level • - Fourth level (source OECD2012, IEA)

  4. 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)

  5. Low Carbon Economy Roadmap  2050 Power sector decarbonised by 2050 5

  6. Energy expenditure in 2035 compared with 2010 (source WEO 2012, IEA)

  7. Internal market and infrastructure

  8. With a functioning single market, we can better integrate renewables

  9. 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%).

  10. 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

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