Earlier today, Christopher Jones and Andris Piebalgs, both from the European University Institute, and Nemesio Fernández-Cuesta, the former State Secretary for Energy, took part in a conference organised by the Naturgy Foundation and highlighted the great European challenge of diversifying gas imports.
The former Minister for Public Administration Services and former Chairman of Red Eléctrica de España (REE), Jordi Sevilla, analysed the secondary effects of the energy transition and the role to be played by governments.
In turn, the former Minister of Energy, Tourism and the Digital Agenda, Álvaro Nadal, referred to possible measures in his speech on tackling the current volatility in the energy market.
A study drawn up by PWC and published by the Naturgy Foundation claims that further efforts are needed on new regulatory measures and more work should be done on simplifying bureaucratic procedures to achieve progress in the implementation of these mechanisms, but also highlights that other flexibility and stability measures for the system will still be required as the sector undertakes a transformation.
The scientist, ranked as one of the 100 leading world thinkers by Foreign Policy, argues that “to date, there is no clear nor technically sound path toward decarbonisation”.
“The International Energy Agency forecasts that world gas consumption in 2040 will exceed the level of 2019 by almost 28%”, notes the University of Manitoba lecturer, who today presented ‘Natural gas in the new energy world’, published by the Naturgy Foundation.
Financial Times Associate Editor says to keep the global temperature increase to under 1.5ºC, we must reduce emissions 40% by 2030.
Bank of Spain Governor Pablo Hernández de Cos, meanwhile, highlighted the long-term benefits of early adoption of policies that promote the transition towards a carbon-neutral economy, stressing the need for a holistic approach that involves all stakeholders in achieving it.