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The EU’s Energy Policy Triangle

On the Road to 2030 Public Hearing – 25 th April 2013 European Parliament, Brussels David Odling, Oil & Gas UK. The EU’s Energy Policy Triangle . Reduced Emissions of GHGs – by 20% in 2020 and 80% in 2050, since 1990. EU. Affordability / Economic Competitiveness . Security of Supply.

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The EU’s Energy Policy Triangle

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  1. On the Road to 2030Public Hearing – 25th April 2013European Parliament, BrusselsDavid Odling, Oil & Gas UK

  2. The EU’s Energy Policy Triangle Reduced Emissions of GHGs – by 20% in 2020 and 80% in 2050, since 1990 EU Affordability / Economic Competitiveness Security of Supply

  3. A Tale of Two Worlds OECD Non OECD Quadrillion BTUs Quadrillion BTUs Other Renewables Biomass Nuclear Coal Gas Oil Courtesy: ExxonMobil’s 2013 Outlook for Energy

  4. What should be done? In terms of energy policy and climate change: Coal and coal fired power generation: - the over-riding problem worldwide - a solution is needed more than anything else 2. In military terms, this means - big bangs costing affordable bucks EU’s current policies are - small bangs costing unaffordable bucks 4. Gas in place of coal as quickly as possible 5. Much more R&D of new technologies, such as CCS A sensible EU policy for emissions ahead to 2030 - not multiple, over-lapping targets

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