The 8th HAEE Energy Transition Symposium, organized by the Hellenic Association for Energy Economics on September 27 - 29, 2023, at the French Institute of Athens, successfully concluded its proceedings.

Once more, the Symposium hosted distinguished guests from politics, entrepreneurship, research, and industry, who were engaged in interesting and highly informative discussions about the future of the energy sector and the new conditions emerging in a complex geopolitical environment.

The key outline of the Symposium is that the future of Energy, both at the international and national levels, requires speed, new technologies, a big focus on green transition and the supporting infrastructure, as well as new large-scale investments. The need for consistent support of green policies must be accompanied by a clear decision, which is nothing other than the termination of fossil-fuel subsidies.

👉 For more detailed information about the speakers, topics, and the agenda of the 3-day Symposium, you may visit the website of the Hellenic Association for Energy Economics by clicking here.

👉 If you missed the Conference, all discussion panels are available on demand here. 

Mark you calendars to join us for the next year’s Symposium, which will take place in May 2024. Please check for updates as the exact dates will be announced soon.

Net Zero Roadmap: A Global Pathway to Keep the 1.5 °C Goal in Reach – Analysis - IEA

IEA’s landmark report gets a 2023 update. The report set out a narrow but feasible pathway for the global energy sector to contribute to the Paris Agreement’s goal of limiting the rise in global temperatures to 1.5 °C above pre-industrial levels.

Global Gas Security Review 2023 – Analysis - IEA

The Global Gas Security Review has provided a thorough assessment of the evolution of gas supply security and LNG contracting trends each year since its first publication in 2016.

Electricity Market Report – Update 2023 – Analysis - IEA

This report presents our latest data for 2022 as well as forecasts for global electricity demand, supply and emissions through 2024. The latest developments in China, United States, European Union, and India are explored.

Renewable Energy Market Update - June 2023 – Analysis - IEA

The key areas examined by the report include the latest data and analysis on renewable power capacity additions in 2022 – globally and for major markets – as well as forecasts for 2023 and 2024.

The Electricity Market Design Revision Proposal | EASE: Why Energy Storage? | EASE (ease-storage.eu)

To achieve the 2030 and 2050 climate and energy targets, the regulatory environment must be adjusted to ensure long-term investment signals and adequate deployment of flexibility and energy shifting capacity. EASE outlines below its key position on how to enhance the proposal and make non-fossil flexibility a central component of the new decarbonised energy system.

World Energy Transitions Outlook 2023: 1.5°C Pathway:

provides an overview of progress by tracking implementation and gaps across all energy sectors, and identifies priority areas and actions based on available technologies that must be realised by 2030 to achieve net zero emissions by mid-century.

One year passed since energy prices took off and reached record levels as a result of the energy crisis and geopolitical developments.

European gas storage is almost full early on, but these sites can only cover about 30% of winter demand. Hence, a lot of nervousness remains in the gas market, since unforeseen events and most of all, winter temperatures, can overturn things and raise prices.

This volatility in natural gas is passed on to the electricity market, where governments took steps to extend consumer protection measures for any eventuality.

Even so, the consumers' biggest ally in the following winter and the ones to come is the large rise in new renewables as a result of European policies set in place after the Russian invasion in Ukraine.

So far results are spectacular in photovoltaics and heat pumps installations, as well as in other technologies. It is notable that Germany installed 7.7 GW of PV in the first seven months of the year against a goal for 9 GW for the entire 2023. The Greek market also moves quickly during the last couple of years.

In September, HAEE's scientific team released the new issue of the Chart of the Month Vol. 18 entitled "Exploring Energy Storage Trends in Greece: Status Quo and Future Prospects", presenting the crucial role of energy storage in the transition to a decarbonised energy system for the EU countries. 

Get access to the publication powered by Deloitte.

The next opinion article for our HAEE Series was brought by Dr. Bassam Fattouh, Director of the Oxford Institute for Energy Studies, who is highlighting the important dimensions of the energy transition, that energy trilemma brings into focus.    

You may find the full article below.

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