W
elcome to this 11th
edition of WorldPower – the
annual publication dedicated to research, technical articles, and key market intelligence
and statistics on developments in the global traded power markets. The provision of electric power is pivotal to the
functioning and development of the global economy. As the world’s fastest growing energy resource requirement, electricity defines the modern economy and economic progress. An estimated investment requirement of up to US$15
trillion (half of all energy sector investment) is required in electricity generation, transmission and distribution, with the global power sector needing up to 5,000 GW of new capacity to meet projected IEA increases to 2030. Power markets are developed and sustained by a
plethora of industrial and service companies that keep electrons running down wires to power the modern and developing world. The way in which this power is generated, distributed, paid for, utilised, price risks managed, waste products made safer, user requirements economised and power customers satisfied, are key elements addressed byWorldPower. Our focus is on developments in market structures, regulation, power and energy trading, risk management, and power systems development. The key requirement for governments and society now
is to continue ‘green growth’ at a time of continuing economic crisis. The transformation of the economic landscape could
not have been more profound and the rebuilding of our financial and social systems, together with the mitigation of potentially cataclysmic climate change, are the two great challenges of our time that must be dealt with simultaneously. We are slowly emerging from the financial one – although the medicine will have to be stronger and the recovery period much longer than many hope. But mistakes in managing the climate crisis will be irreversible if our best scientists are correct. Regardless of the causes of climate change we have within our power the opportunity, vision and talent to put the Earth’s future on a more sure footing. The role of technology is critical here. Despite the severity
of the current economic crisis, it cannot be allowed to distract us – as is being seen in many parts of the world – from addressing critical and strategic climate change and energy challenges. As the energy complex, and power sector in particular, produces 60% of global GHG
worldPower 2010
emissions, so its transformation must be a key part of any strategy to reduce them. Nothing less than an ‘energy revolution’ is necessary –
and possible – given that current trends in energy supply and demand are unsustainable. Without decisive action, energy related emissions of CO2 will more than double by 2050 and increased oil demand will heighten concerns over the security of supplies. We can change the path we are now on, but it will take a revolution with low-carbon technologies at its heart. The ‘low hanging fruit’ of energy efficiency measures needs to be complemented by decisive action in renewables deployment, carbon capture and storage, nuclear power and new transport technologies, among others. This will require widespread adoption if we are to reach emission reduction goals. Every major country and sector of the economy will be involved.
The transformation of the
economic landscape could not have been more profound
Today’s political atmosphere is, many officials privately
acknowledge, even more hostile to a climate deal than it was during COP-15. Leaders around the world, already preoccupied by the aftermath of the financial crisis and recession, are in some cases having to impose painful public spending cuts. The UN climate talks themselves must be reformed so that decisive action is not delayed. Developments in the power sector are pivotal to
achieving these goals. WorldPower targets the key issues associated with this mammoth task. WorldPower has once again brought together some
of the world’s key thinkers and energy specialists to highlight how a more effective, cleaner, more efficient and competitive power market can be developed. We hope you enjoy what we have to offer. ■
Our thanks again to those of you who have assisted us in bringing this critical marketplace into focus.
Guy Isherwood, Editor-in-Chief E:
gish@commodities-now.com
1
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148